I have this problem of entering a trade too early when I trade along with the trend.
What I do is wait for a pullback\retest of a support\resistance area,. But most of the time I enter the trade too early thinking the retest is over and the market is ready to continue with the trend, only for me to see that the market is still retesting and it hits my SL most times before it gets back according to plan.
Is there anyway to avoid this
NB: I do use the fib retracement tool but I still encounter the same issue
What I do is wait for a pullback\retest of a support\resistance area,. But most of the time I enter the trade too early thinking the retest is over and the market is ready to continue with the trend, only for me to see that the market is still retesting and it hits my SL most times before it gets back according to plan.
Is there anyway to avoid this
NB: I do use the fib retracement tool but I still encounter the same issue