EUR/USD - H&S Hourly

-Stuck under major trend line resistance potentially forming a H&S.
-It would reck the most people to print a H&S and then move up to Monthly Resistance.
-Large Specs still stacking longs keeps me from taking the short trade, and makes me feel like this could be a fakeout formation.

Thesis
-Wait for neckline break on volume
-Wait for bulls to clear out the highs.

Kommentera:

The problem with not acting on this setup, is it meant i was operating under a belief, rather than by the chart or "the edge".

Operating under the belief, meant i believed i knew who was in the market, where they entered, what their risk tolerance was, where their targets were, how many traders composed this market formation, etc.

I can take the same setup/formation 5 times, and its never the same, because the underlying variables are always different. It's in trading "the edge" without discretion that you consistently profit. Casino 4% style.