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One good skip is better than one forced trade #538

LiamLiquid - 18 days ago - 4016 views

The loss was acceptable because the stop was planned. The mistake would have been moving it after the setup failed.

The part I care about most is whether the setup still makes sense after the first reaction.
If the first New York move is a stop sweep, I want to see whether price reclaims the level. That reclaim often gives a cleaner risk point.

This is close to how I am reading the chart too.