DislikedHi Shreem,
Thanks very much for posting those charts to give visual representation. I'll practice using attachments in due course!
Hey Leigh,
You've made me chuckle a few times already in this thread. Don't change a thing
Yes, in this instance my entry was anticipating the move down rather than waiting on confirmation. Thanks for pointing that out as I should probably clarify the difference. Like everything with price action, when and where to enter cannot follow a set template. For me, it depends greatly on the market structure at that time. On my 4Hr charts the instrument had posted its 3rd lower high, or fractal if you prefer (164.25, 163.75, 163.25). That gave me the signal to wait for the selling pressure to show itself and then get in relatively early.
This anticipation would definitely not apply in all circumstances but the conditions were right.
O N DIgnored
Sincerely
Shreem