DislikedYou have to realise that price is in up trend, so to short the time that you did, is a risk trade. If price is going to reverse, then really u should wait till completion of 8am 4hr bar to be bear. If you think that the currency will reverse, then the following scenario should play out.
The next 4 hour bar (8am) which opens in 15 min will be bear, then the midday 4hr bar will be the bar in which you enter a short. The worst you could miss out on is 25 pips when the 8am 4hr bar closes just above the 50 figure. More likely the 8am bar will push...Ignored
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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Don't give up
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New voice message: Why are you calling me? If I need you, I'll call you!
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If you are new to Forex? Say Goodbye to your account!!
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I'm just a small fish in a large pond; forever swimming against the tide.
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New voice message: Why are you calling me? If I need you, I'll call you!
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Don't give up
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'You must be the change you wish to see in the world' . Gandhi
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