EURAUD H1 - not so good start this morning on retracement/countertrend: -30 pips
I entered long on candle before FO, as it breaks the asian session high. There was a TDI PL bounce from SigL to the upside, while MBL was slowly rising. Price afterwards went about 12 pips in profit - while I was on the ride to work. The retracement only went to the 38% fib. I expected more.
After I have arrived I saw price allready 10 pips in loss. Afterwards price melted slowly one pip after the other, so the loss increased slowly every minute.
I should have pulled the trigger on the color-change and the break of the previous candle low but I was unsure because of the slow down move, thinking it would go up again.
After 30 pips I pulled the trigger. Afterwards it went down another 20 pips.
I entered long on candle before FO, as it breaks the asian session high. There was a TDI PL bounce from SigL to the upside, while MBL was slowly rising. Price afterwards went about 12 pips in profit - while I was on the ride to work. The retracement only went to the 38% fib. I expected more.
After I have arrived I saw price allready 10 pips in loss. Afterwards price melted slowly one pip after the other, so the loss increased slowly every minute.
I should have pulled the trigger on the color-change and the break of the previous candle low but I was unsure because of the slow down move, thinking it would go up again.
After 30 pips I pulled the trigger. Afterwards it went down another 20 pips.
fxFox (all times in my charts are GMT+1)