[walterw]

Excellent entry on that trade King, you know it could had been a succesfull trade anyway... if the market had taken that low you would have had a super down move... my positive critic to you is on stop placement, why do you use the same profit target as your stop level +-12 points... in this case when you took your trade at 12740 and things started to go on your way you had a clear pivot formed at 12740 a 2 point violation of that pivot at 12742 would had tell you that trend was not good and you would had taken a 2 points stop changing your RRR from 1:1 to 6:1... you see price action there clearly told you when that 12740 pivot was breaken that the trade was over.... no need to wait for a 12 point stop.... you want to reconsider that, remember that if you want to trade with a 1:1 RRR then you obligatory need at least a +60 % performance on good trades... thats statistically dificult... now if you have at least a 2:1 RRR then you can ease a little more your performance and be more relaxed.... that RRR has to be implemented as to my understanding on your stop placement taking into acaount the inmediat pivot prior to your entry... cheers Walter.