NZDCAD 1 hour chart. The anticipated sudden movement never happened. No loss since price is above entry point. Next trade probably tomorrow
One of those price action patterns that are not good at all. But I will trade it anyway price: 1.3740 sl 1.3730 Minimal risk holding time 2 hours
Interesting logic, only a "guru" would make such decision. However, your decision to trade patterns that are not good at all actually makes very good sense . . . because the sooner you blow your account the sooner you’ll be out of your misery.
there is soothing else you have missed. It comes down to risk. In good patterns, you can take on higher risk and aim to earn double what you were risking. Otherwise, you should just risk 2%, as was the case here, and target a 1% return on investment (ROI)."
You’re saying that you risk 2% on patterns that are not good at all, and you target 1%. In other words, you’re aiming for ‘0.5 Reward to Risk ratio "on patterns that are not good at all" (in your own words). In trading it’s called eating like a bird, and pooping like an elephant