Got taken out on the bounce off the trend line. Turns out we still have heavy order flow at the proficient trend line.
Net gain 1.62%
Not the best of trades and a roller coaster ride through out...but hey...roller coasters are fun.Specially when you know the rules. ;)
There were at least a couple of moments where the setup seemed to have ditched me but this was a great example that preaches the importance of having to stick to your trading rules no matter what. I was watching the bars take off above the fake out high, one after the other, and the second being more threatening that the first. Yet avoiding a freak out and listening to the rule book that sanctions exits based off bar closes beyond the fake out high/low worked as it so often does.
Net gain 1.62%
Not the best of trades and a roller coaster ride through out...but hey...roller coasters are fun.Specially when you know the rules. ;)
There were at least a couple of moments where the setup seemed to have ditched me but this was a great example that preaches the importance of having to stick to your trading rules no matter what. I was watching the bars take off above the fake out high, one after the other, and the second being more threatening that the first. Yet avoiding a freak out and listening to the rule book that sanctions exits based off bar closes beyond the fake out high/low worked as it so often does.
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