nah like i sad what i know are early signs so it may not happen but good luck to you i am done going short for now
I still think that it is going to go down, so i have put a limit sell at 854 and i will try again. Yura will be unhappy if i am right :P
Sigh, 5 lousy pips.
Damn i'm good. If i could have just made the original trade stick yesterday i would be laughing right now :)
good job on the trade man what did i tell you as soon as it closed under that support it started falling like a tun of bricks at least for now wonder were it will hit resistance again
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next on the checklist the the MACD to cross
dam im not going to sleep anytime soon now :(
Limit sell placed at 55. OCO TP at 3800 SL at 73.
now if it closes above the orange line that is a signal that there might be a trend reversal and the marker could go bull...
that is why you always wait for the next candle to confirm what you think will happen
it is super close to were i would go long that is the kinda of trade i would be looking for
if it does it will not count and you have to wait to get into a short again
Ok, let's see. My first trade using a limit sell.
It's nice to be right. It's annoying to be right and not win :(
ooo whats this green line?
Ok, so now it ihas gone past, you think i should set my limit sell at the orange line?
at that point there is a chance for a strong bear move very good chance it will be profitable cause that is a signal that it passed the resistance and it turned into support many traders will see that and start placing short orders which will drive the price down
Yura, Tell me, given that i knew the price was going to hit the orange line yesterday, how should i have gone about setting up my trade so that i didn't lose, please.
This is the part of my trading that i need to work on. I was dead right, but my entry and SL placement was poor and this cost me.