pp2 wrote: bettlebox wrote:
Im so down at the moment. Somedays i feel like theres part me that wants to lose.
I stopped after these trades walked away from the screen.
BB, for learning purposes, what were the reasonings for the longs you made?
I feel like taking a guess
Couldn't say for sure about the first Long entry, from a larger timeframe perspective though, see withnails chart in the previous post; BB only had up to that last *up* H4 candle to make his judgement from...
but for the Second Long entry~ I would guess based on that buildup of consolidation before the M15 breakout, he felt the breakout might have real potential for it, so decided to get in even though he missed his optimal spot he was watching for. -->Stopped out for -15
Third Long entry~ price returns to the MZ, "guys got zeroed out, let's try and catch this ride now. -->Stopped out for -12
Short entry~ (noticing the size of candle that broke through the MOMO candle's origin) "Surely this MZ has failed, so time to go Short now". -->Gets a few pips in his Short direction, then sees it coming back up to his entry and thinks "F#(k It, I don't feel like losing anymore pips today," gets out at BE.