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Originally Posted by Toccata
Hi Mr.Marketz - what a refreshing post - thanks. I am interested in understanding a little more about "watch for (and become familiar with) setup failure patterns…" Any advice?
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T,
Sometimes what starts looking like a pullback (profit taking), turns into a reversal (example: a pin bar on the hourly or 4 hour chart). There are usually hints and signs for this occurrence. Once you begin to recognize these "setup failure patterns", you'll avoid them all together... in turn bringing up your overall hit rate average.