The low broke and created a lovely Imp/Corr opportunity but I took some false breaks along the way. Was there any way these could have been avoided? Would restest entries have saved me at least 1R?
Oh dear! The video picks up sound as well and while this trade is setting up, I am concerning myself with whether or not we are going for a coffee – clearly want to get away from my screen.
I take two trades on the basis of a big red bar and don’t wait for a retest or even a retrace of the bar. My focus really needed to be on geting an entry with a stop above SUP 1. The minor TL saw 3 false break which immediately got bought – the forth break was a smaller bar but there was no buying in response to it.
Once it does break, it forms a small igloo above S1 and then breaks down below that too.