Contrary to popular trading beliefs, there are actually such things as perfect trade setups. The reason a lot of traders say perfect trade setups do not exist is because they rarely have the patience to wait for these perfect setups.
My definition of a perfect trade is a trade that has the following characteristics:
  1. It should be in the direction of the trend.
  2. It should have minimal risk and have a good risk-to-reward potential.
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