DislikedI went short ... Took a wrong move, so far I am loosing - what did I do wrong?
Ignored
Syedks hi,
Just another opinion....Please allow me as it helps with my own learning process.
1. Overall trend is up (60 MA is well above 200 MA). Not to say that it could be on the turn...
2. As said in the previous post, Boll Bands pointing up.
3. If I was in the Long trend already, I would not have exited yet, (i.e. shorted), as the red Lag had not crossed down below 0.85. Having said that, that goes against the entry rules...
4. When the blue lag turned down I didn't have a corresponding STOC signal.
5. Also I use QQE instead of the MACD and that had not yet given a corresponding short signal either.
Thanks for listening.
regards, D.
where thought goes energy flows