Context: my current goal is to be more considered in my entries and that meant that I had talked myself out of a few real crackers. The following trade just missed being break even by 1pip.

In this situation, I am triggered but usually unaware of it and get completely focused on getting in to another trade (i.e. revenge trading).

The reason why these aren’t J-Los is because the market is either reversing or correcting – it is not trending. The market has to be trending for J-Los to be valid.

J-Los really need a level form themselves around, other wise they are indistinguishable from a normal stairstep down. They are also subject to a lot of interpretation, and if I have just missed out, I can see them everywhere.

This was the correct entry for this trade – not a J-lo but using retest of a level.

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