[QUOTE=“donsls;497165”]Thanks for your reply. I agree with you with a/u trade.
But the u/c trade, you could see the last candle is going down and plus it is a shooting star or hammer (not sure about the exact name). So that tells me that the price may go down also according to the rules when you enter a trade the pip difference between the current and the NEXT s/r level should be more than 30 pips. I don’t think the current price and the PREVIOUS s/r level pip difference does not matter.
May be someone could confirm this.
Cheva is right… and a little wrong.
Both trades are not following the rules.
The C/U trade is in no man’s land and I don’t see why it was taken. No support level was broken, price had been moving up for several candles… Maybe if you explain why you took it referencing the entry rules, we could help a bit more.
I think you were 7 candles too late. Now, if you want to look at it in a positive way, you just sold it at a better price. Might even work out better for you.
Cheva… The further away from sup/res the better. Your “not too close, but not too far” idea is false and fundamentally wrong. At least 30 pips away… That’s all!