Trying again

If you fail in a trade, and the pattern is still valid, you can try again.

This is the story:

  1. We got an engulfer entry, and took it short, with an aggressive stop loss - it stopped out. Lost 1%.
  2. We got a pin-candle entry, same thing happened. Lost 1%.
  3. We got another engulfer. This one went to target and made 8%

If the pattern is still valid and you get another entry, why not take it

So it seems that getting a new shoulder, even if you can't move the neckline, doesn't invalidate the pattern.

If you used the head as the stop loss, you'd only have made like 1.5%.

The more aggressive stop loss is more profitable, but takes more resilience and trust in the pattern and system.

try-again

yay