Quote:
Originally Posted by Piphacker
Hey Keitsuke see the screenshot see this channel ...though level clearly breaks but see Stoch was already in a overbought region & was the main reason that E/U REtraces back and i also said you to be alret coz of overbought Stoch. That why i use this indicator ... If breakout happened in a overbought /oversold stoch region than i normally dont enter in a trade ...but in a higher tf like 4-hour & daily in these case i target for atleast +15/+20 Pip's now its the important USD Fundamental time see the screenshot
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I need to learn to be patient...and wait for confirmation.
I did enter at 1.5511 and close out at -5 pips.

But now breakout confirmed and I'm long at 1.5526, expect tp at 1.5580.
Too ambitious?