{quote} It's just another forex word narrative of course. george used to call it a Grinder when the market would essentially flow ONE-WAY only, past a likely stop & reverse point, and keep moving against reversal traders only allowing mini pullbacks at times but not enough to fully return price to source where a trader could exit at BE or for profit. The market essentially would GRIND a trader into submission lol. So, grinder, just another word narrative with a few extra connotations of course.
Of course the market does not have to do everything by your "textbook" rules, so you need to have exits in place or suffer the huge drawdown
until the market recovers or you go & blow the account.
Market is always right, admit you were wrong and move on. Trying to catch a market top or bottom is a way of getting early into a new trend with very low risk if you are correct, but can be disastrous if you get it wrong.
@T19 has the perfect solution 3 strikes and call it a day.
Again best to find what strategy works for YOU.
The Only Limit, is the One that you Set Yourself - Felix Baumgartner
>Trigger=Engulf>Signal=(Roadmap etc..)
