Mistakes are often the best teachers, don't get upset when you make mistakes.because without making mistakes
you will never learn.in trading you should stick to the rules, you can make small mistakes, its human, but if you broke the rule and you make big mistakes such as trading without a stop loss, this mistake will kill your entire account.
The next technique is more aggressive and provides a better risk to reward scenario. In this technique, you wait for a candlestick to open and close above the trendline. If that happens, you enter at the open of the next candlestick Your stop loss is placed under the most recent low.
If you’re going to use this technique, I recommend moving your stop loss to break even before price makes it back up to the breakout line. The breakout line often acts as resistance, so it’s a good idea to move your stop to break even, as long as your trade still has a little room to breath.
To learn more i highly recommend you purchase my ebook the candlestick trading bible.
the ebook is 168 pages, and it costs only 47 dollars .it covers all price action strategies and tactics.
one of the missconception about the ebook is that people think it is only about candlesticks.
the ebook covers candlestick patterns in combination with technical analysis.it is all what you need
to start trading and making money in the market.