Hi, been reading this thread quietly but its time for a question.
The chart posted above in BIL's post (euro4H) lined up with how mine was setup (first relief). There was a trade 7 periods back on the close of the 5am candle to go short, reasons 1) Broke through the 200 and retraced to test it, 2)the macd showed a continuing down trend by reversing its direction 3) wanted to try the 365 with nothing to stop it.
Is there any reason i shouldn't have taken this trade?
The chart posted above in BIL's post (euro4H) lined up with how mine was setup (first relief). There was a trade 7 periods back on the close of the 5am candle to go short, reasons 1) Broke through the 200 and retraced to test it, 2)the macd showed a continuing down trend by reversing its direction 3) wanted to try the 365 with nothing to stop it.
Is there any reason i shouldn't have taken this trade?