on this last trade looks like there was held profit above and the move down that could have been your purple trade zeroed out some longs so no more or very little room to go lower
spa wrote:on this last trade looks like there was held profit above and the move down that could have been your purple trade zeroed out some longs so no more or very little room to go lower
Yes that was a bad trade. Entered too late and exitted too late.
close long for +43, I was trying to look at time and sales at h1 z but numbers were moving so fast. I think I need to record some screenvids when price approach these z areas and see if I can suss out what I should be looking for.
Ahh yes, I've a question. looking at the overlays, it seems to me that some nice moves always comes at the end of the hour. Am I right to think that H1 traders are doing this?
Hhhmmm! Not a bad idea I will have a look to see if I can notice anything at the end of an hour. I noticed that when folllowing the 15M a retrace usually happens in the first few minutes before it turns the other way, if it retraces at all.Nice charts by the way Pablo!
Closed this trade for a few pips, noticed a double bottom where I drew the red trendline, looks like it may retrace before it comes back down. Of course this may not happen, but I got out just to be on the safe side.
