Here is what happened to me....
I got faked out on the first break, I should have banked some pips but got in late....(selling bottoms)....
But I did not get faked out on the second break becuase I saw the bullish divergnce on the 5 min and the 15 min and was not going to go short at all...
Finally it did break north to the 38.2 of the Fibs...good for 20 pips...
I got faked out on the first break, I should have banked some pips but got in late....(selling bottoms)....
But I did not get faked out on the second break becuase I saw the bullish divergnce on the 5 min and the 15 min and was not going to go short at all...
Finally it did break north to the 38.2 of the Fibs...good for 20 pips...
Deprive a man of everything and you give him nothing to lose.