The reason I chose these 3 was merely based on the fact the candle reversing the direction engulfed the one beside it. But this kind of trade example is what gets me into trouble all the time. It goes my direction and then it doesn't. It reverses back to my stop and then goes in the right direction. As much as I know TA wise, I feel as if I am very weak in understanding waves and how the market works in waves.
This also looked like that zig-zag example you gave us at one time.
Your exercise have been good as they have helped me to see over trading and a trade may take 5 days to develop even if you have the direction right.
Thanks for teaching sisse. I love to learn!
This also looked like that zig-zag example you gave us at one time.
Your exercise have been good as they have helped me to see over trading and a trade may take 5 days to develop even if you have the direction right.
Thanks for teaching sisse. I love to learn!