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Well, that was pretty fecking painful.

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1 hour ago, dmedin said:

Well, that was pretty fecking painful.

not sure what you are trying to say, you may have heard this from me before though, indicators are just a guide but price action on appropriate chart structure is real so learn chart structure. on the chart above there is down trend and then consolidation, another down leg and then consolidation, a break to the upside then consolidation followed by a break up and lastly a reversal bar. There aren't any pullbacks on this chart.

Learn chart structure.

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Sometime you just get taken by surprise by sudden reversals :(

 

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FTSE 100  so if you watched the Tradeciety video & listened to that "German guy" you may have had your chart marked out like this

Capture ukx.PNG

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Short educational video from prop firm Axia Futures on poor value areas looking with volume profile and market profile.

 

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You forgot to mention the 'technical' analyst's NUMBER ONE TOOL.

HINDSIGHT.

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Heck, I've got a plan after all.

I'm going to sell everything I have and go to Vegas - bet it all on the throw of the dice.

But before I throw the dice I'll ask (pay) the prettiest lady in the room to kiss my dice for good luck.

😘

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This is good, you always need a few simple rules that will increase the outcome probability of every one of your entry setups, even breakouts.

Felix De Vliegher @smartfxlearning

8h

My breakout trading strategy: 1. Only use horizontal levels 2. Only use levels that show weakness: multiple consecutive tests 3. Only trade the breakout when you see a consolidation before the breakout or a pullback after the breakout, or both 4. Don't overcomplicate things.

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