The hard road to consistency
- Thread starter calmeurotrader
- Start date
Sorry guys for the delay. Here are some 1min charts from this week.
This one was a mistake. Engulfer should be sitting on an important support/resistance, be distinct and bigger than average of last few bars.
This kind of box can give really powerful breakouts. Great trade with a small risk and big potential rewards.
This one was stopped out. A stop wider by 1 pip would result with a profitable trade and 1:10 risk to reward.
You are right. This was a pretty weak setup. 1min started to trend but there was no confirmation on 5min
You are welcome. Are you familiar with a Bob Volman's book ? It really gave me food for thought.
Disclaimer: I am not associated with the author in any way
I also like to trade first pullback after strong breakout using strictly 5min charts. This approach seems to be similar to your strategy.