you should know by now that this is not how the market works. if it were as simple as HH and HL and LL and LH, everybody would be making money. firgure it out
Here is my analysis on EU...8 long entries, but it seems shortly after a long signal was givin, the market would kill buyers and make new lows. 7 short signals here that because we're in a down trend, worked better. I would be playing both long and short, and keeping stops tight as possible, as I can see in hind sight, Id have about 8 losers and about 7 winners, with 7 trades being really good set ups more than making up for any losses. is this real money your trading with?...if not try trading with 2 or 3 contracts and scale out when you have profit, then move stops to BE.
So are you saying disregard HH/HL or are you saying keep them but add more filtering criteria ? Thanks, that's super helpful
I listed my entries on the image. Stops for longs are below previous swing lows. TP is whenever price begins to come back down. I haven't found a way to use fixed TP values that I feel comfortable with. Plus, fixed TP values limit gains.
Usually a longer term fib level or point where I think PA will hit s/r. But the main thing is to protect what you have, whenever you can even if targets arnt hit.
your entrance is your problem you are watching the herd and moving with them not preparing for their move
Isn't the other alternative attempting to pick bottoms? You either wait for confirmation or you anticipate. I don't know another option.