OK, as expected re the last post. This afternoon we see price moving in stilted drops and then building a 'shelf' or 'bump' which makes it a difficult market price action to trade as price will usually return to your short entry level- so trades have limited downside and it must be argued that despite all the great entries i have discussed today the risk/reward ratio is very limited unless you take a position in a larger time frame. Also it doesn't matter to me if price never reaches the CL (as in the Schiff mauve fork) as the reaction lines will still interact and dictate price action/direction. I will finish this post later. but remember one thing..... An excellent risk management plan with a mediocre trading plan (mediocre trader) is better than a bad risk management plan with an excellent trading plan (excellent trader).
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