wannalearn12 wrote:LeMercenaire wrote:'' Always close too early...''
If I had been looking at this, I would have closed quickly as well.
US500H1DeadZone23rdMarch17EarlyLookcw3ZZ.png
Hindsight is a wonderful pain in the ass. Take your Pain-Killing Dollars and ignore it.
How it looks just now (14.28 uk):
US500H1updateforWannamidday23rdMarch17.png
What do you see there? Why? Learning is living. As in I want to learn bunches.
I saw that I had a B+ Bias right up until the last breath, when I then get a Sell Reverse Ball on the Trigger Candle.
As icing and a cherry on top, I then see that Trigger Bar close red off a move down from almost the level of the last high.
So, multiple mixed signals on all fronts. Has the move on the Trigger Candle been the drop down from the High? Is it now going to bounce back? Have we already missed all the action? To be safe, I would then look to close any base profit as soon as it came as I was never sure when it could be ready to turn against me and be prepared ready to counter if it did.
Now, take away the 3ZZ and I would have expected a sell all the way, no muss, no fuss...and sell it did.
Mixed signals.