yea, not just better profits but better risk management. The less you know the more confirmation you need meaning stops are further away. The trader might feel they have a safer play, but in chop they get murdered. My style allows very tight stops and the ability to stay in for a double bottom. It means I make a killing in chop, spikes or trends yet I play with more safety than "conservative" traders.
Yes, this too for sure! At my current stage I also moved from getting more confirmation to more aggressive entry for just that reason - was chopped to death... Now with your help learn to get even better entries. P. S. This time PP forced price to retreat especially strongly...
Yeah, textbook reversal bar on 1min at a PP it was... So around levels you always watch PA and if it shows you a reversal you exit previous trade and reverse?
yea - and back to channel - 30 pips in a few mins - lo risk - no thinking - I play guitar and sing - relax