DislikedMr Pip / rest of thread - I'm reviewing last week's trades and am looking to get some feedback as I have a few questions regarding my sell trade @ 17478. - Price made a very small NSH and then reversed to break 2 swing lows - LH1 and LH2 (cyan trendlines). - Price made harmonic pullback into 61.8 / structure zone (white trendlines, copies of leg 3). - I entered short under expectation of a NSL seeing as we broke through 2 prior LH's. - Trade got stopped out for small gain. Was I correct in my expectation that orderflow had turned bearish? If so,...Ignored
Funny I took the exact same trade, only difference was I left it too long, missed the move into profit by +10 (should have moved to BE at that point). That meant I took a loss of 20
When I reviewed the main point I took from it was the perceived correction showed an increase in momentum, albeit slight. That should have been enough indication to manage tightly and move to BE asap, which I did not.
Nothing wrong with your trade IMO, can't win them all.