DislikedI would appreciate thoughts from the experienced guys. Yesterday I set a long on the break of the pin shown below (on demo) on the basis that;
- The trend was long
- Low of pin found support at the 50 MA and previous lows
Market went up 25 pips from the high of the pin, opening the order before coming back down again since and hitting the stop set below the low of the pin.
Was my criteria for setting the order in line with the principles of this thread, or why should I have passed on this trade?
Appreciate your help guys!
Matt...Ignored
Datogio beat me to it.