DislikedYour Chart has a purple trend line.....
It is a line that is higher on the left hand side than the right hand side so it is pointing down.
So the market was trending DOWN in your prefered time-frame.
You traded AGAINST the trend.
So there were TWO things that were wrong with your trade:
1. You traded against the trend
2. You lost money
Not a good thing to do !!!!!
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JackoIgnored
It is 8.07 am NY time....If you are determined to trade against the trend, from now till 11.55am NY time today may be a good time to do so.
Hows that for a live trade?
PS I am not taking that trade because it is AGAINST the trend
PPS I could be wwwrong!!!!