I've read a lot about the force system and I'm wondering if there's someone trading this method nowadays.
Would you mind sharing your experience and explain to me what's wrong with the position I've attached .
Thanks in advance,
Hello, I remember this trade cause I actually was in it opposite of you last night. First we were looking at a defined trend last night and it was down, you went against the trend. Second, you see that big long red bar just to the left of your trade, that is a great sign that the bars are in control. I've attached a shot from what I saw last night. you see the down trend lines in yellow. an outer line and then a faster inner line, which is still intact to this moment. Then you see my lower trend line in blue. You see how that big bar broke through it and it went through fast saying, "Bulls, you don't stand a chance get the hell out of my way!"
I listened to that. Now you see the very small pin bar that went back into resistance and covered the liquidity of that spike, this is one of my favorite times to trade. I went short there.
So what went wrong for you basically:
1. you went against the trend
Look at the chart, i added 3 short dashed lines and 2 dashed purple lines. this should show you the lower highers and lower lows
2. you traded into a area of resistance without leaving enough room for profit
3. when the market said you were wrong you stayed in the trade
Hope that helps some!
A woman drove me to drink, and I forgot to thank her :cool: