DislikedWell, I have seen a lot of charts posted on here with winning trades and only a few with losing ones. So I am going to post a losing trade I had today that might help someone avoid the same mistake.
Here's an example of why you should trade WITH the 15min trend!!! I made a mistake today by not waiting for the 15minute candle to close to confirm price was going to start going up on the GU and it bit me in the a$$!
On a side note, would have been a great setup for shorts, which I'm sure some of you took and made at least 10pips if not more! For...Ignored
That is a very late entry, or else you were trading the zero line bounce. If you had taken the entry long when thr 5min Trix first signalled you would have mad eyour pips easily.
Zero line bounces are always more tricky, so best to have good confirmation.
Ian