DislikedHi everyone, I hope you are all doing well, Quick question, when is the price to overextended to enter a trade? Im asking this because I feel Im entering a bit late and my trades go well into profit but they are not hitting the take profit that is 1.5 so is not a massive TP that is hard to hit. For example you can say enter on a rejection of a high volume zone like many people do here but for Hidden Gap a few post above shows a entry that is weel over the high volume bar. So the question remains how do you avoid entering to late or chasing price...Ignored
The short answer is: Get away from using a fixed RR. I'm not really sure how you trade so if you're a background trader then look to the last 2-3 days for VSA supply/demand areas which price could reverse or if you trade current PA then watch for price to react to countermanding signals.
These last 2 months, take EU for example, has been consolidating. Daily chart, price ranges sideways for 5+ days and a lot of the days are less than 40 pips. With PA like that you aren't going to get any meaningful RR.
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