DislikedThanks pips.
Regarding the GBP/US trade: I jumped before time. If it is going to be short I have to wait after the 1st. red bar has formed completely, and jump on the 2nd one, with 1 hr confirmation (that is what Phillips said in his excellent pdf). I don't know why I am rushing this thing!!! Well....discipline...DISCIPLINE!!!! (I am still in the trade....but that is not an excuse)Ignored
& we rush b/c we want the trade sooooo bad! (like we are addicts). & we FEAR missing out...
I think your short will be OK! Stops were run earlier! no need for them to go up for profit, they need to go down now and get out the new longs!