Correct Discretion

Below are two charts that I avoided, one of a STAN short the other a MKS long.

In both these examples even if they work out in the future I am certain I was correct to avoid the bets. The reason for my certainty lies in the difficulty both potentially had in getting to a 2:1 profit target.  The STAN short had 2 levels of demand before reaching its profit target (3rd level of demand) coupled with the fact that the short was originating of an old level of supply (so likely less sell orders sitting there now!), while the MKS long had 2 levels of supply before reaching its profit target (3rd level or supply).

Regardless of whether these bets work there would have been safer/ more probable bets elsewhere.

Lesson:  Avoiding trades originating off previously used levels of S/D and/or with additional S/D levels to surpass before meeting there profit targets is good objective discretion. As in both these cases the supply/demand imbalance is likely to to be far smaller and so a strong move less likely.