Trender's Price and Volume trading

But alas, you may have been hit by the spike caused by the employment numbers at 1230.



Is it a coincidence that the market tests either the low or high of every session?

peter2 said:

But alas, you may have been hit by the spike caused by the employment numbers at 1230.

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Is it a coincidence that the market tests either the low or high of every session?

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Yes I was.

Re testing low or high coincidence.....my theory is it's looking for liquidity.

I've taken another entry on the deep retracement. I usually will try twice. If unsuccessful I move on.. usually after two failed attempts my psychology on a particular trade entry is not optimal anymore. So I'm out. Back in the day I would try 4, 5 times. Rarely ended well. I feel equally as important to preserve financial capital is also to preserve psychological capital. I learnt the hard way I'm afraid.

Us30 second attempt failed. So I just move on.



Anyone else wanna share their approach to when and how they call it quits on a trade and move on?