Indow during this event. But going back to the example in question, this wasn’t - Jiwani

Indow during this event. But going back to the example in question, this wasn’t an instance of a news release or anything of the sort. It was simply market volume picking up a bit as more traders enter the market. 3AM EST will have more market activity than 2AM; 4AM will have more activity than 3AM; and so forth. The 3:10 candle was also bearish. Despite the fact that it had a lesser range than the 3:05, never let something like that suggests that the market is .

stabilizing and that the price level is likely to hold. Sometimes there’s a bit of a “calm before the storm” type of phenomenon before tests of important levels in the market. And, as the image above clearly shows, the 3:15 went through pivot convincingly by producing about a ten-pip range. This is the reason why I always wait for a bounce first as confirmation that price is likely to hold. If you’re electing to take this trade set-up, you probably have a chance of this working out barely over 50% of the time. Simply because you don’t have a lot going for you here. You have the price level and… well, that’s basically it. You always need to consider the price action. How is price acting around the level you’re targeting? Is it actually show indications that it’s rejecting that level and a reversal could be in store, at least long enough to produce a probable winning trade? Support and resistance is your guiding force, but price action is largely what gets you into a trade. So needless to say, this certainly qualifies as a poor trade set-up even if you are more aggressive in your trading. It’s fine to be reasonably aggressive. But to me, taking this set-up would just be a bit too reckless. The profit margin would almost surely be non-existent/negative taking set-ups like this regularly. 2. Next, to fulfill the opposite e.
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