92791well there are lots of ways to skin a plus I have several slight variations on the rules myself, Your way gives you a better entrance and tighter stop but awaiting the breakout is safer I believe. Look at some chart history and you'll see quite a couple of set ups that dont breakout. Im sure your win/loss ratio won't be as good.
Well done pointing out the pivot resistence on s failed commerce article. There were a few very good reasons not to take that commerce and also the central pivot in the way was evident to anybody using pivot points ( highly suggested!) A quick look for additional support/resistence in the method of the goal is a great idea. You could decrease your goal or take defensive strategies or merely avoid the trade When there is support or resistence in the manner in which. I took what I believed to be a trade but once it failed I noticed I entered brief right over the term uptrend line and price bounced on it into the pip - I couldnt have chosen a point that was worse to go short! As for my gold trade well, what the hell was I trading gold for anyhow! lol