It’s A Fact
As a trader who relies on
high-probability patterns off well-defined levels, it should be ‘too easy’ all
the time.
The reality of it is a bit different, because even
with the best-looking set up, on any given individual trade, you’re not
necessarily going to profit from it.
09:56:35
Intraday Setup Alert
KLA-Tencor (KLAC)
has formed an
Opening Reversal Trap Door at a 62% Fibonacci support level from recent
pivot lows. KLAC is down .62 at 55.18, with triggers above 55.29.
…and ultimately ‘boink.’ Maybe you took a
little off the table, maybe you scratched out, or possibly the pattern stop loss
smarted a little on this particular occasion. All that I can say is that a trade
with edge, at least in my eyes, did set up and trigger–only to disappoint, as
‘hopes of $100 were quickly dashed’
…and then quickly replaced by the reality of
the situation–proper money management, and on to the next high-probability setup.
12:43:40
Intraday Update Alert
KLA-Tencor (KLAC)
has formed a hammer 3 point in a
1,2,3 bottom on the 5-minute chart. Session lows are testing a 78% Fibonacci
retracement level. KLAC is down 1.82 at 53.97.
We won’t know for sure ahead of time if this second entry will work
either–but with another high-probability, well-defined trade triggering–you
might just be replacing, ‘you lose some, you win some’, with a great big, ‘it’s
too easy!!!’