DislikedTook this touch off the 10ema on the M15. Placed SL just below RN. I was stopped out quickly. The entry arrow was a trade on demo, I entered at the touch in my live account. I missed the best trade, the touch at the RN a little earlier. Any thoughts? Thanks again for all your help.Ignored
A couple of points on your trade for you to consider. First, we have to take into consideration that the market is trading sideways thus consolidating after a large bullish run. Second, a few bars prior to your entry we had a large bullish bar and often price will retrace on these bars. Third, is the round number itself, these areas are psychological levels that attract price and it's often a good idea to see what price will do before entering a trade. Lastly was the bar you entered your trade it has a very large upper wick which indicated a lack of bullish momentum.
I hope these points give you some things to consider when planning your next trade.
God Bless,
Mikali