dragon33 wrote:Dan wrote:I got about 30 pips from this one, I got out only because 30 pips is enough for me. Had I let it run anymore I would have given it all back which brings me to ask in ref to Dragons chart, what did you look at that made you take the third short entry? It's at a 4hr and 1hr support area and I wouldn't dare short it hence why I make 30 pips and you make over 300.
Nice to see you are posting again.
Why shouldn't i take the third trade. It is a clear fail on previous H1!!!
I just can't see what you are seeing, to me it looks like you are selling into strong prev support (third entry) the other entries are clear as day.
The 3 semfor to the left, the hourly hasn't closed lower than that area yet but you still enter short, how do you predict so well that the down trend you are riding will power through this area?