es/pip wrote:lukx wrote:thanks es/pip, actually I feel relief that I saw right thing
I was more concentrated on entry than on exit and this is why I got stopped out (10 pips or something), but thanks for showing me what I should look for next time. Quick quetion, while we're still in this 4h mz if things pick up on we still might enter again for long right? or now becasue support on 5m got broken we sould be looking for short so the price is probably aiming to zl those long 4h holders?
the market is still long until
1. the h4 momo doesn't hold it and we go down
2. it tries to go up and cannot and something else sets up for the short
but right now it is still long off the h4
i got back in on the m1
largest correction and momo
wasn't the clearest setup in the world
but i know for a fact.
1 that the bias is long
2 and that if a 5 min closes against me 9 out of 10 times i can get out with no loss or a small loss
so i am willing to give it a shot
then you have the choice of getting in here
it carries some risk bec you didn't get in off the bottom and now have held profit below you
if i had not looked at the m1 i would have got in here
i mean
anything can happen
it could rip up 200 pips
closes against you
do nothing at all
go up a tad
who the hell knows
u just trade what you see
but if you have the discipline to get out right away when things do not go your way and are able to accept your losses
then
you can take more shots at the market
small losers larger winners