DislikedOk Guy's I must say sorry for joining your thread as past experience tells me that I have a fantastic habit of giving any system the kiss of death. I have seen many winning trades posted and very few losers but with me on board I am quite sure that will all change. I know the original system was on the 1h chart but I see people are happy to trade the 4h as well, this fits well with my life/work. so I have started. I posted this trade when I took it on the 17th, it looked to me to be the classic set up bounce off of the 72ema and closed below the...Ignored
You sold at the right time, that's OK. Your sell price should have been .9847 (at the opening of the next bar) then never enter the trade
without a plan. This trade had a very simple plan, cause on Dec 12-14th, just three days ago was established a support @ 9822. There was your
first profit taking opportunity, and the rest of the trade should have been put on b/e. Support worked, so the profit would have been 25 pips (minus spread) , no free ride, sorry, sometimes happens at the turn of the market. But 25 pips is nothing to complain about.
p.s. I was looking at H1 chart, 'cause that's what I use to analyze, and to trade. Now, I apologize, the profit would be smaller, about 16 pips minus
spread on h1 chart, and even smaller on H4. (maybe I should make myself a Christmas gift buying glasses ), but still paying attention to support - no loss.