yesterday i then had two losers.
like always they look stupid in hindsight. my error (on trade 1) was ignoring the fact that h1 made a new high and its close was above the close of the previous h1s. although it closed below the high of the previous few h1s. and so did h4.
trade 2 was stupid since it was against h4 color and there was too much room on top.
i wasn't feeling well and went to bed early, so i missed the downward move. although i doubt i would have shorted there as well after experiences 1 and 2.
this morning i just stared at the chart watching price taking off. i did not see an entry. hmmmm.
lukx zline trading log + cfabian p.35 + adaseb p.48
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lukx wrote:I though we got to wait for price to close below previous 4h mz ?!
While in your example it closed many times above...
The Yellow line on top of the chart was the high from the day before.
Fails on high!!!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
jarnapal wrote:flex wrote:i don't know if it's me but i didn't see good possibilities today. what about the others?
i should have stayed in the last trade. but it really looked like price hit some sort of resistance.
Is see something forming up on H4 but it's wicked from both directions...
Just if..
As for now the prediction is going the other way
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
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dragon33 wrote:jarnapal wrote:flex wrote:i don't know if it's me but i didn't see good possibilities today. what about the others?
i should have stayed in the last trade. but it really looked like price hit some sort of resistance.
Is see something forming up on H4 but it's wicked from both directions...
Just if..
As for now the prediction is going the other way
A bit off the track. It can change in 6 minutes
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