Hi Copperbot,
I'll let favorite put his input on this one, however i'll give you my input.
1. If you look back there's a candle with a huge upper wick signaling strong resistance in that area "a load of supply" if you look back at the 1 hour chart you'll see that was a strong area of previous support
2. Price is approaching the upper 5 TMA
3. The preceding bullish candle is more than 10 pips, favorite doesn't recommend you enter based on that.
I'll let favorite put his input on this one, however i'll give you my input.
1. If you look back there's a candle with a huge upper wick signaling strong resistance in that area "a load of supply" if you look back at the 1 hour chart you'll see that was a strong area of previous support
2. Price is approaching the upper 5 TMA
3. The preceding bullish candle is more than 10 pips, favorite doesn't recommend you enter based on that.
DislikedSo seem to be the only one not winning with this system. I know the problem is me. Everything seemed okay with this trade, but I still lost! Please excuse the arrow, i am using paint on windows XP. That was where I entered, I though price action was supporting an upward movement. Not sure where I went wrong. Please help. {image}Ignored