DislikedOkay... Need a little input from you pros on this. Took this G/J trade this morning. (Ignore the news spike for now. Didn't think US news would effect G/J but nearly got taken out.) Anyways...seems like conservative entry. Price went to about +15 by which time I was at BE +2. On 5m didn't really see much to exit. Stoch's still seemed strong. Anyways got taken out at BE+2 Seems to be happening consistently. Should I be quicker on my exits? Maybe take that candle close below 5MA on 5M? Thanks in advance. {image} {image}Ignored
IF there had been no important news, then I too had a buy signal - OK, three bars earlier, so 2/3 pips. However, I had a S&R line around the 162.72 level from yesterday afternoon's price action and that, together with an increase in tick volume as the 5m stoch started to cross would have suggested banking those pips.
PS I am now short GJ....
PSS closed in the 14.44 candle - PA and 5m stoch crossing at ~3, also ~yesterday's low
PSSS Blast a turn of the hour stop sweep dropped it another 40 pips to the next S&R level....
Trading Levels with WRBs