Price Action Trading ... Art and The Science

Dear Howardroark
First of all my congrates and thanks to you having started this thread, I face a small problem in execution of trade using PA.
While trading in Futures of equity, suppose if there is BUEB,one has to go long above the high of bueb and keep a SL below the low of BUEB or vice versa in bearish EB,The problem is that the lot size in India is so big that if the move fails and s/l hit ,there is a substantial loss,and fears are developed entering another such move ,can you suggest some remedy to avoid such substantial loss ?
Also how to confirm that a Candle is BUEB apart from engulfing criterion (like do we have to see its location from bottom/Top bar of the particular TF,so that there are least chances of failure and we are doubly sure that yes this is BUEB only and the price can not go down now before giving me some profit say at least 2 candles with good body.

Dear Howardroark
First of all my congrates and thanks to you having started this thread, I face a small problem in execution of trade using PA.
While trading in Futures of equity, suppose if there is BUEB,one has to go long above the high of bueb and keep a SL below the low of BUEB or vice versa in bearish EB,The problem is that the lot size in India is so big that if the move fails and s/l hit ,there is a substantial loss,and fears are developed entering another such move ,can you suggest some remedy to avoid such substantial loss ?
Also how to confirm that a Candle is BUEB apart from engulfing criterion (like do we have to see its location from bottom/Top bar of the particular TF,so that there are least chances of failure and we are doubly sure that yes this is BUEB only and the price can not go down now before giving me some profit say at least 2 candles with good body.

Lot size is not an excuse, your account size should withstand 100sl hits.
I had learnt this in hard way. This may eliminates the fear.

Fine tuning the entry to avoid SL hits... yes every trader may done this in their amateur days . But this wont save your capital .

Hi,
My a/c was capable of handling 200 s/l and it has handled also,but thats not the way,thats why we are here,if you allow s/l to be hit your a/c will shrink fast like mine and mind well its not fear , its care in my case since now I cant afford any more s/l to be hit .If one has fear, he should not trade,now because I want to trade long life with this small capital ( which was large at times ) ,I want to learn better and then trade to inflat my capital so that I can trade longer,but always with care, thats most important,for that I am studying and will come up with a novel way of trading in near future,I will share that way here once I am done and tested for at least one year,till then wait !!