Dislikedhttp://www.forexfactory.com/attachme...1&d=1199198959
I will keep it simple and point out a few of the mistakes.
1) 60ema was above the 200ema, which means the "UPTREND" was still on. This means you where taking a trade counter Trend which is a nono, unless you are in profit for the day, always stick to the best setups.
2) The BB where still pointing up at that time.
From looks of it we had a pull back and the candle closed under R line, then the lags, BB and other indicators then gave a indication that the price was moving down.
Keep it simple, take the perfect setups, & read the textbook over over again.
Good luck and Hope you and everyone else has a great upcoming trading year!Ignored
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