Quote from Willleung:
CF, now you mostly look for 2Bs with failures to 5min TF (test below or around the TF's EMA34)? Been going through my notes for the last two weeks, seems like those would be the ultimate trades.
A lot of Bang for Ducks(great r/r, can just exit BO if it didn't turn well)
Will,
I came to conclusion of more aggressive trades to be more profitable over time and after yoohoo's advices.
Really, confirmations are only an illusion of safety. Hitrate doesn't increase dramatically but r/r DOES decrease at the same time.
So I now evolve to as aggressive entries as I can.
In NQ trying even the most aggressive way possible at all (area anticipation).
Browse through the earlier pages of thread. We discussed aggressive entries off S/R there (don't remember which page exactly unfortunately)...
(great r/r, can just exit BO if it didn't turn well)
