aliassmith wrote:Guess the long term trade didn't work so well. Need to keep practicing.
I love to see what u are seeing, post a chart alias.
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pablo101 wrote:aliassmith wrote:Guess the long term trade didn't work so well. Need to keep practicing.
I love to see what u are seeing, post a chart alias.
newschool wrote:aliassmith wrote:Not saying you are wrong, but try to think about it like "they" are not out to
get you.
Lets consider it as price action and what it says.
I questionned myself about this.
I do believe some MMs are making false breakouts on majors s&r level and sl hunts on purpose. But I also imagine the market as a big self-regulated device, by the simple fact that buyers and sellers are competing, and theres always a winner and looser, so some nasty price action can simply be part of the natural "survival of the fittest" market jungle.
I say it's splitted 30/70.
aliassmith wrote:Target was near extreme of higher timeframe and near 1.2300
jarnapal wrote:aliassmith wrote:Target was near extreme of higher timeframe and near 1.2300
Was that MOMO before your entry and why did you enter in the opposite direction ? Was that because the price didn't have enough momentum to create new lower low and did you consider the zeroline that the last down candle created ?
aliassmith wrote:jarnapal wrote:aliassmith wrote:Target was near extreme of higher timeframe and near 1.2300
Was that MOMO before your entry and why did you enter in the opposite direction ? Was that because the price didn't have enough momentum to create new lower low and did you consider the zeroline that the last down candle created ?
MOMO was before my entry
The trade was a rat trade near support and in a correction
jarnapal wrote:aliassmith wrote:jarnapal wrote:aliassmith wrote:Target was near extreme of higher timeframe and near 1.2300
Was that MOMO before your entry and why did you enter in the opposite direction ? Was that because the price didn't have enough momentum to create new lower low and did you consider the zeroline that the last down candle created ?
MOMO was before my entry
The trade was a rat trade near support and in a correction
Thank you. I would have exited after it wicked the zeroline