In the course of sizing up trading opportunities, I do come across setups that "just don't look right" - even before I drill down the reasons behind such thought.
I think this is a natural "filtering" process that every trader would develop, once you've spent some time in the trenches.
The EUR.GBP trade (yep, the one that gave me good pips previously) caught my interest today with that nice looking pin bar, but I decided to let it pass.
I did not like the location of the pin bar. It's also not at a Swing High, too.
Could it break down hard and leave me holding the bag? Sure!
But there's always another trade in the corner.
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