DislikedTodays GBPCAD Short Trade
Respecting all Tony's rules... Hope this works out nice...
I know he doesn't use ATR to place S/Ls, but in this case if I do what Tony says, I've got a 120 pip S/L!. Should I use ATR instead, that gives me a 57 pip S/L?Ignored
If you wait for the H4 signal candle to close then the CCI would have only been red for 1 bar (30m) However you didn't waiti for a 30M HA alert/arrow AND a RED CCI Block...that might be your critical error. (IMHO)
...but look at the overall trend...the AO is blue and solidly going up with price step by step and the TL looks exhausted to the down side.
-All very respectfully of course.