Resistance and Supports are Too Close, what to do?

Discussion in 'Technical Analysis' started by SimpleMeLike, Aug 11, 2016.

  1. Redneck,

    Thank you soo much. I enjoyed your post because considering the risk (money I can lose based on stop loss placement) vs reward (potential reward) before I take a trade is how I have been trading lately.

    Your post helped me confirmed what I am doing needs to improve.

    Lately, in my trading I have notice my R:R has been less then 1.

    I went back and look at my journal and noticed I had been risking more then I am making. And this was not apart of my plan. I want my risk for the trade to be worth the reward.
     
    #31     Aug 14, 2016
    Redneck likes this.
  2. The best simplicity sentence I read all week. I added it to my daily notes before trading.
     
    #32     Aug 14, 2016
    Xela likes this.