DislikedFor price action traders: I made these two trades about 24 hours ago. I saw an inverted hammer (marked with red arrow) and the price dragged back down the 4H resistance. I thought its a good entry for a short trade. But 4 hours later, the trade wasn't seem to be working in my favor as the next 4H candle closed making a bullish engulfing and also closing above the 4H resistance. I closed the current trade at a loss and opened a long trade (marked with green arrow) with a target just below the next 4H resistance. Luckily, this trade closed with TP...Ignored
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- Edited 1:48am Jun 23, 2018 1:25am | Edited 1:48am
- Joined Oct 2007 | Status: Sniper | 14,763 Posts
- Post #26,226
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- Jun 23, 2018 1:35am Jun 23, 2018 1:35am
- | Joined Feb 2010 | Status: Member | 1,032 Posts
- Post #26,227
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- Joined Feb 2017 | Status: pippin' | 1,139 Posts
you are not expected to understand this
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- Jun 23, 2018 3:18am Jun 23, 2018 3:18am
- Joined Nov 2008 | Status: Member | 45,147 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- Post #26,229
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- Jun 23, 2018 3:28am Jun 23, 2018 3:28am
- Joined May 2014 | Status: Full Time Trader | 22,164 Posts | Online Now
Be a seer, not a looker!
Ata's Trend Hunter V3.5 All Time Return:
19.2%
- Post #26,230
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- Jun 23, 2018 4:13am Jun 23, 2018 4:13am
- | Joined Jun 2015 | Status: Member | 353 Posts
- Post #26,231
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- Joined Dec 2017 | Status: Member | 26,824 Posts | Online Now
I can lose only 10 pips but can win 30
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Self discipline It is a practice
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- Jun 23, 2018 6:15am Jun 23, 2018 6:15am
- Joined Oct 2017 | Status: Follow the Order Flow! | 1,073 Posts
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
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- Edited 10:24am Jun 23, 2018 6:29am | Edited 10:24am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,001 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
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- Edited 8:27am Jun 23, 2018 8:08am | Edited 8:27am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
you are not expected to understand this
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- Jun 23, 2018 10:47am Jun 23, 2018 10:47am
- Joined Apr 2015 | Status: Member | 1,101 Posts
- Post #26,238
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- | Membership Revoked | Joined May 2018 | 464 Posts
Help Others with GOD help
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- Jun 23, 2018 11:44am Jun 23, 2018 11:44am
- | Joined Jun 2015 | Status: Member | 353 Posts
- Post #26,240
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- Jun 23, 2018 12:28pm Jun 23, 2018 12:28pm
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you are not expected to understand this