Explains difference between valid and high-probability trades; analyzes backtests and range targets.

A valid trade doesn't mean it's high probability. The idea of this trade is we've lost the trend line, we've lost the POC, we're back testing it, we give it a little playroom to get the full back test and then we're targeting value area low of the range, right? Just like technically speaking earlier, this week we had a valid long trade when we bounced from the POC, made a higher low and then we had something like this where we could have targeted up to the top, right? Now of course, this trade ended up getting stopped out, right? Because trading from the POC, it's fair price, right? You can't always expect the best moves like you can if you're trying to long the low of the range or short the higher range, right? But nonetheless, this is valid and this is kind of what I'm hoping and preparing to happen next.