Disliked{quote} You must understand that identifying wich market cycle is actually doesn't mean to buy/sell blindly. It mean it aid you to make an idea of what could happen and where you are. The decision to sell or buy shall be based only on supply and demand (swings) corelated with traders sentiment (slope of moving average) . You also must understand that without a strong risk management strategy, you will get in trouble with every sistem. A trade shall be aggresively managed meaning if you have a target of 1x reward, by aggresively...Ignored
I can understand how this can look like i'm attacking you but i really am not. Seriously.
On a side note, in this trade you've posted..
If you were to have placed your stop where it was indicated on the 5m (the reduced risk) then you would have been stopped out. Would have been stopped out if left where it was indicated on the 4H as well. Here's what i mean.
1:1 from the 4H chart
Risk reduced to the 5min pullback
Using the initial target, that would have been a loss.
Maybe it would have hit a profit if you reduced the reward to around 1:1 but then the trade is no longer high reward low risk as described. It becomes high initial risk reduced to 1:1 rr and that requires a high hit rate to make profits after a couple of full losses (talking after 100+ trades). Just pointing out some observations.