Quoting nchosenDislikedHere is another possible trade. Iam afraid I am a bit too late here. Just 20 pips to go for total of 67 pips.
Peter,
Could I please have your comments of these possible trades?
Thanks.Ignored
You can't lose money sitting on your hands!!!
I would have looked at the daily/weekly charts and felt the upside momentum was against this one. Certainly enough to give me doubts. In fact, by the time you got to this one your supply line would have moved 6 bars to the right and it looked far less attractive at that point anyway.
It's one of those situations where you can't win, sometimes. If you take the trade and get stopped out, you'll curse - if you don't trade and miss a pile of pips, you'll curse.
I never trade now unless I'm really sure my method and my mind are in sync. I don't worry any more about missed pips, I just go looking for another pair to fit my trading plan.
Move on and don't look back.
Peter