Rules of Engagement.
1. Wait for second retest - if retest does not happen, then trade is void.
2. Mind your Risk: Reward - Keep it as low as 2% and not more.
3. Stop loss - Above previous high
Bug bites - Rules of Engagement.
1. Wait for retest of the entry price - if the price does not retest the entry price..."the trade is void or null"...
2. Stop loss - below previous low.
3. follow risk reward ratio....nothing less or more than 2% because of the trade being riskier...reward is greater..but only when the price moves to the profit zone.
Happy trading.
