Wednesday, March 7, 2012


a foolish loss.

1:  identified    3 touch using 1 min candles.

but that's NOT ENOUGH.

I needed to wait for a consolidation  long enough to draw a supportive TL.

/ng fell lower -- THEN consolidated for an hour - and then broke 30 ticks -- from this lower, safer entry.

    3 touch is not enough -- especially on bounces.

with  the /es  touch -- a mini 3 touch  TL formed by 20 min.  So waiting 20 min. minimum is good idea.

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