This is pure art of supply and demand
I didn't get all the entries. My first was stopped at B/E because I don't understand this bleeping broker software, then a +1 point because it takes so many clicks to liquidate at the time I lost 4. The trade was just on price action, candles and fibos. Then I had a good, 6 or 7 points when it started to retrace, I didn't think it'd bounce off the entry and go for like 50 or 60 points. I wasn't watching for number 1 and 2 which is awesome formations, but leads to the q of bouncing off support or breaking out and how to guess. And this is on a 5m chart which isn't normally all that great, and You have to be online to play, which is the biggest problem. I suppose I still struggle with active version position trading.
I don't know if i'm supposed to, but I continously move and update my fibo's for a period as price continues to break. It seems valid for x minutes and hours.
What is amazing and frustrating is that NZD/USD trade I had wanted based on the weekly finally broke the price level, w/o paying attention to it, purely on the fundamentals. Can the weekly be traded or just for trending and sentiment?