DislikedHere's my last trade. Loss on EURAUD. It was not nicest candlestick, could have lower close and/or longer wick that would penetrate higher. But I took it because locations seems to be perfect, BRN 1,5000 and triple top. My backtests showed me that if location is very good then candlestick doesn't have to be perfect for setup to work. (That's why I didn't trade GBPUSD monday pin bar, thankfully). Now I don't know whether I screwed up or it was good setup that didn't work out. Any thoughts, advices? {image} {image} {image}Ignored
Maybe what we could learn from situations like this, and this is something Mike and the others have kept repeating forever, is that if the trade is not AAA+++ setup to move stops to BE at the first natural place where price could turn against our direction. In this case - 1.4840. I mean serously. We had got 3 pinbars off this level... It was obvious that things can go wrong. And they did with the GDP release for Australia.
So yeah. It's a winning trade, because we've learnt and improved, right?
Twitter @raitchev