Oh Yeah, About The AUDCHF Setup I Posted Last Week......
I Didn't End Up Taking It Cuz I Wasn't So Sure About It.....
It Gave Me 8RR Them Reversed..... π₯²
The Entry Was Clean Btw π€
Thereβs no stop loss too far for price to reach.
I hope you know that ?
Iβve seen traders with extremely wide stop losses get stopped out far more consistently than traders whose stop losses are placed at proper invalidation levels.
One thing Iβve learned on my journey to profitability is this:
If your trade idea aligns with the marketβs intentions, youβll have little to no fear about where your stop loss is placed.
Why?
Because the market has no reason to revisit the highs or lows that invalidate your setup.
A stop loss isnβt there to βgive price room.β
Itβs there to tell you when youβre wrong.
Check all my trades for proof.
I donβt think I need to educate you further.
GM & Iβm wishing you a profitable week aheadπ