DislikedHello Dancers,
Thanks to all involved for your recent help on counting bars.
I have a question regarding a trade that I took today @~GMT15:30:
EURJPY 15m, SL 11pips, TP ? (next support level Daily S1 at ~50pips)
Reasons for entry:
1st pullback after 15pips+ drop below 35/50MAs in my direction, 2nd bar in the pullback, which was a rapid one as well, the price broke from consolidation area leaving 1h 35/50 MAs (green), 15m 10/35/50 MAs (red/violet), RN and Daily Pivot Point (dark blue) behind. When it pulled back rapidly I went short...Ignored
P.S. In flat M15 35/50 you can still trade the M5 if there is a small trend. At 14:00 and 14:05 GMT it gave clear rejections from M5 12 and shorting them could give you more than 20pips in a few bars.....
P.S.2 Why didn't you just take profit at +15p ???