DislikedHi yaed
1st: Look at
http://www.forexfactory.com/showthread.php?t=249257, #4
2nd. You have to analyse higher timeframe before you trade the lower ones.
3nd: The starting ascending EMA lines are signaling an upward movement with growing momentum and vola.
So my answer is:Ignored
EDIT: So about 2nd thing: It would mean as these candles developed, you intepreted that as a warningsign, and to be specific what about them was a warning? Middle of bollys? Passing through MAs?
And also H1, i can see why you saw a lot of room upwards in H1, perhaps even more evident then in M30.
I will ponder this during the week. But how about if i ask you this: Would you take an M1 short trade if H1 above Bolly is far from the upper bolly edges, say almost 100 pips like it was today at 1 o clock?
What im trying to do is to narrow things down to what assesment of probability that you think weighs the most heavily in being carefull not to take a short position in this example.
What perplexes me a bit is that you shorted E/U on high timeframe earlier, so at the same time as you didnt want to short it this time, you already had and kept those positions meaning you still thought it would drop, and yet you did not want to short it this time. It all makes me scratch my head wondering if i can ever understand what it is you are doing here. It seems you are saying its dangerous to short it, and yet you already have and think it was still a smart idea. So im perplexed as to how you make a high timeframe analysis resulting in both not wanting to short and still trusting your open short positions.
Because i mean to complicate matters i can find numerous occations where bollys isnt much use on H1 to limit neither upside nor downside.
My signature is: "Classified".