You don’t simply pick a price level like its set in stone! Tell me you understand that every brokerage / major bank on the planet “sees and knows” where your stops are placed!? They see your orders numb nuts!
If you think it’s gonna be 112.00 – you don’t think markets will push to 112.50? or blow out stops a full penny above? Common….there you go again – trusting the system.
This system is “designed” to take your money – you get that right?
You need confirmation “BEFORE” entering so….what is confirmation?
For me it revolves around “swings” – that generally being on a daily chart. We see USD weakness today “as suggested” but…I need to see more. I need to see a daily close “lower” than the previous day to even consider a “swing high” is in place Get it? It’s close….but no cigar. I need to see another day’s action before I consider entry. Maybe you do to!