DislikedWhy would you do that when this hourly candle is about to close above the 138.60 level and the hourly 50ema and above the gann with qqe crossed up?Ignored
Its times like these when we can have a very fast retrace out of nowhere.
I tend to always get blinded by them.
Made 20 from 4000 to 3980 then exited when it did not plummet.
When i see it stall like that on a retrace of only 15 or so pips i exit and continue with the trend.
Tends to work if my timing is right.
Again....the point is to try and "pick that top" (or bottom) and can be very dangerous and has bitten me often.
But i usually only risk 10% of whatever pips i am already up for the current trade moving with the trend.
If any of that makes sense.
When the price is going up 100 down 30 - Up 70 down 20 - Up 80 down 30
There are some "extra" pips in there.
And every move DOES have a top or bottom!!!!!
--post hoc ergo propter hoc--