USDCHF M15 16 September 2014 – Avoiding errors in trading

Error #1: Placing the stop loss too tight. Should have been placed above, for example, of the weekly pivot

Error #2: Going short with strong bars nearby. This means there is both demand and lack of supply so it's dangerous to go short.

Error #3: Background was strong on the above timeframe. This means you're trading against the trend and/or recent demand.

Analytical Trader