27 Aug – Missed, missed and missed again
27 August 2018
28 Aug – Another TL with multiple failed breaks
28 August 2018Today the picture was obviously bullish from the ON range and prices holding above the previous swing high. The TL break works at the futures open . Once the cash market opens and retests the previous swing and gets bought off there – indicating that it’s a good idea to take the break – I need to take four breaks before i get the big winner.
- This means have to risk 4R and using the standard TP strategy (25% and 1:1, 25% & STE at 2:1 and 50% at 5:1) I make 2.5R.
- But, if I take the TL break but use a SL below the day’s low and the previous swing high i.e. 25-30 pts I only need one trade and that trade see +100 pts
Much better to use PA stop and take profit instead of making multiple attempts at a TL as this gets quite soul destroying. Plus there’s a big risk of slippage and bigger risk of losing hope and missing the cracker.




