Disliked{quote} USDCHF Long Trade Update: Added 3rd classic, re-entry. Adjusted TP, SL. With those two spikes lower and recoveries, all while volume steadily increases, we can safely presume the MMs are bulls and that they are loading up on longs. So, I have added to this trade. {image}Ignored
SL hit for loss of 25 pips average, 75.1 pips total.
This is still bullish. The error was mine in not waiting until the LS was well underway before considering a trade. Seeing it as still bullish, I have.....
Entered classic long again. TP in same area as before. No SL until after the US session gets underway and I see how it starts off, because the MMs have already whacked this to accumulate longs at lower prices, and the US MMs might do it likewise. But, they might not, which is why I have re-entered here.
Edit: Lower SL also hit for loss of 21.5 pips average, 129.2 pips total.