OK, there were some potential setups on the EU, and the level I marked was slightly high but basically, a level is invalidated when you we have two opens and closes above the level, and at the 2nd M point, taking a trade at this point means we wouldn't reach 2R until we were beyond ADR, for this reason the trade is not valid.
One thing I have learned being focused on the DTFL method is how important it is to wait for confirmation and that a consistant 40pip trade is SO much more profitable over time than a less consistent 50pip trade. This method has a winning probability over a series of trades - its my EDGE and should be executed with precision, every time.. this is what being a professional trader is all about...
I got a copy of V1 MM from Brinks, which I am looking forward to back testing though Damien did say that the live room and the new indi's are coming soon... REALLY looking forward to this...
I am also putting together a more detailed trading plan around EMA's and Levels combining Pips levels, EMA's and VSA though must make sure this doesnt detract from my DTFL priority.
OK, in other news, im day 3 of my 100 day challenge, which takes me nicely up into Xmas. So far so good though I did have a celery stick with almond butter - LOL...
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