Here are my current rules for entry:
1) Minimum Fib retracement @ 38.2
2) Is the price within previous support/resistance area
3) Is the bar convincing? If entering short is the bar shows a significant characteristic to trigger our trade. (patience in waiting for the key bar invitation here)
The last rule for entry is the most challenging part, sometimes I entered the trade due to excitement that I will participate in the market, but not following my case for entry rule and that is wait for a significant bar/candlestick before entering the market.
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