These are todays results in the morning, GMT.
The Metafor 3 jumped higher highs.
So why did I enter on the 1st red candle?
Because The Metafor 3 was on the previous green candle and the alert told me to go short on that price. So I enter, just to see price reverse and take me on my 10 pips SL.
And metafor 3 moved to that green candle where I had 1st lost trade.
I did not get crying, get back into the game.
So next entry the alert told me to go in again short. But this time I waited a bit and than entered as I saw price moving towards the lowest of the previous candle. Than, BBBUUUUMMMMM 10 pips lost again.
Don't cry, get back into it as Metafor 3 is very strong.
SO price start to go in my favour I entered, and this time I gave 15 SL, just in case. Another loosing trade as I saw metafor 3 moving again.
Whats wrong with this metafor stuff????? or me.
In 3 loosing trades in a row, I said, no dispair, go back into the game as metafor 3 is at the highest for the day.
So as price goes my way I entered, excelent 1st positive trade.
I was trailing with 10 pips.
But, The alert gave me a Buy alert. So I figure that price will move back up. The alert was buy at 1.38040, so I moved my stop loos to 1.38055 or so.
I was Scared to loose those precious pips, and recover at least ?1 from the ?2.10 of the previous losses. Price finally close my position.
And I closed the PC for the day. And now asking your opinions.
I started analysing, and then it hit me the 20 pips from the high.
TRO, for a red rat is 20 pips from the high, and entry 1 pip from the lowest of the last red candle?
If it is I should not enter all those position as I did , but enter on position A (makerd in graph) may be?
And the exit could be at metafor 1 (marked B on chart) or just let it run the 10 pips trailing and not move the SL like I did?
I am now not confortable to go back and check the charts, if price gone down, I will defenitly cry. And if gone down more than 30 pips I will ring my mummy.
So, what is your help pirates?
Thanks in advance.
Should I have more TRO indicator on? with mother loads etc? or what?