Can someone clarify this?
Hi all, i hope you guys can help me to clarify this, i wonder why the candle has gone up not down:
1. did i draw the lines wrongly?
2. is this one of the examples where mouteki is not working?
3. i should only open my position only on tuesday? (i open the position in friday)
4. i should wait for the next week?
all your answers are really appreciated
Resize to 600x600 please
I have no idea how to resize, but this is the link for the chart:
As for the lines, if you draw the trendline from the two previous lows
(08-01-2007 @ 08:00 am (gmt+2) and 02.07.2006 @ 00:00), the body of the candles would still show inside the uptrend, having bounced at the trendline.
Don't forget fundamentals as well...
No trade will do what we think it should just because we've followed our plan. All you need to do is accapt that you will have winners and losers and that Money Management will make the difference between staying in the game, or not.
You're right of course
The market moves in mysterious ways, and can/will be irrational many times. Money Management is what saves our bacon...
First Rule of the Fight Club
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