FXfreak wrote:for instance look now at m5 eu: at the left there is a supply-zone, then we had a momo-candle down with a nice entry. d1 also down. would you take it? based on the rules perhaps but i'm pretty sure that we will move up. i made loss after loss trading that "system-way". anybody short?
The 5m momo wasn't too powerful bc the following candles didn't show any continuation downwards so it wasn't an A+ setup, but I was aggressive bc I saw the 15m PB touch a previous resistance line to the pip so I took it.
If I got my long entry at 38 where yours is at, I would probably have waited it out a few more bars but I missed that and got in on the next bar 12 pips up.
Just curious, what did you see to make you go long at that point since the momo upwards right after your entry wasn't created yet?