Disliked{quote} Thanks for the honest feedback Mr D and GC - it is appreciated!Ignored
I think Nik's chart shows well what i was trying to highlight. It's just a case of always looking left to determine each previous important level. If it doesn't get broken, there is a strong likelihood that the trend will continue and as is quite often the case, that means the 'impulse' count is with underlying trend.
The problem with them is that they don't always give 123 triggers and a retrace, they can often just rocket - that's exactly why two of those trades in your chart failed.
Just by viewing it in such manner would eliminate two losers and also, give you a possibility for taking the 'back into main trend' too. If you stop and think about it, that turns the trading on it's head... less loses and more winners, which is all we are trying to do.
This is also common, when a larger (ABC) corrective move prints a 2B, with a LL, (A), only to then pullback to break the last LH, (B) before resuming another leg lower (C). But this action is usually choppy and gives many nice set-ups, with deep retraces;
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