Based on these drawings?
1. Don't blindly buy a level that has been hit as support multiple times
2. Don't blindly sell a level that has been hit as resistance multiple times
Cont...
1. Don't blindly buy a level that has been hit as support multiple times
2. Don't blindly sell a level that has been hit as resistance multiple times
Cont...
3. Recognise you will miss trades (but investigate this phenomenon carefully and see if changes are needed)
4. Consider cancelling a bid if you miss the first retest and it moves away before coming back
Cont...
4. Consider cancelling a bid if you miss the first retest and it moves away before coming back
Cont...
5. Don't panic and cancel a bid just because the market moves with momentum into it
6. Don't move to breakeven for the sake of moving to breakeven
Cont...
6. Don't move to breakeven for the sake of moving to breakeven
Cont...
7. Recognise that the whole drawing was a tongue in cheek lament at the "sods law" nature of markets.
And yet you still made me turn it into a lesson.
Cheers.
And yet you still made me turn it into a lesson.
Cheers.
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