karol wrote:Got my ass spanked this time.
First I entered short, as situation looked bearish (especially on 15min), but candle breaking up (one before my long entry) got me change position to long. Not sure why I haven't noticed that the resistance is obviously holding - now seems so clear when I look at it...
yeah that was right back into res.
both those two momo down m15 bars provided good shorts
its easy to look too much inside and lose track of what is really happening on the larger time frames
the m5 can change your mind if you focus on it too much------- just trading the m5 i can see being long there( not looking at anything else), but when they pushed that high and closed below it--- have to at least pull stop in if not just get out all together
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