thanks for your detailed reply
I see your analyzis is quite complex, SR lines, balance points, channels, etc. It's very nice. To be honest, I personally don't use any of this in my desicion making process. In the last 2 years, I've checked so many "confirmation" techniques, different filters and "odds enhancers" that I just can't count them. I came to the point, where only what matters to me, is the pattern itself. I want it to be in a nice shape (this comes with experience), I want it to have a right internal structure, finally I want it to be in a proper size (bars/pips). Then I also check the location on the higher timeframe, and what I really (really!) love to see, is to have a simple sloping trendline supporting me. I just want to keep my method as simple, as possible. It's pure harmonic trading.
I don't say adding confirmation techniques is bad, I even think it can be crucial for some people, but it just don't fits my psyche for now. Maybe in the future I will experiment with this also, but for now - I want to stick to my method.
As my mentor says: KISS. Keep it simple stupid.
I also don't take partial exits or entries. For me there only 2 ways that the trade can go: SL or TP. If I hit SL, and there is still a good oportunity for enter again, I do it. But I never exit earlier, and I never trade, when the pattern fails.
And also, as probably many of you have noticed, I trade only 2 types of patterns: Gartley and Bat. And I abolutely don't need more. It's also one of the biggest lessons, my mentor gave me in the past: "Chosse one pattern or two, and stick to it. Learn it, observe it, know its every detail. Watch them, how they win and how they fail. Be a master of one pattern, and you will be a millionaire".
About the "pleasent problem": yep, you're right. It can be very tempting to close the trade earlier or panic and close when the price is reversing. But this the matter of your trust to your system, your experience and psyche. I'm not an idiot pal, I do prepare myself every single day This why I run an excell spreadsheet, putting my every single trade to it, analyzing, keeping photo records. Stats are for me extremely important, because I play a game of probabilities. I don't throw a coin when I decide to enter, I have a base of couple of hundreads patterns to back up my decision. When I see the price ise going nicely, and then reversing, I don't touch it. I know I can exit now and earn super money, but I just don't do it. Thanks to my research and stats, I know exactly, that if I break any of my rules, I wouldn't be playing the same system from that moment. I would be playing something, that I completely don't know, and I would have to be a real sucker to do that.
This is why jour trading journal, trading plan and statistics file are sooooo damn important. If you want to earn serious % in a month, you have to treat your trading serious as well.
For me it is actually very surprising, that only my journal is showing some stats, results, and monthly summaries. People are so lazy and expecting great results, looking for someone who will tell them how to trade. They don't even give a shit to run a simple journal, trade and learn, use peoples adivce… it's terrifying.
I think share my opinion also
Hey, and many thanks, after my brake I will certainly come back "pips-hungry";D