updated chart of both the 5M and 15M chart of my previous unsuccessful GJ 5M trade.
yet another reason to keep several TF charts of same pair on your screen. I never got back into that short GJ trade, I was too tired and went to bed.
I woke up after NY session was well on it's way and saw how the 5M chart contained inside the larger TF 15M chart showed a great opportunity to go short on the 15M 50 fib. There were 4 price rejections at 200.46 before price finally went down to hit T1 on the 15M
.
Even a trade entered at the AL on the 15M was worth 150 pips.
have a nice weekend everybody.........
yet another reason to keep several TF charts of same pair on your screen. I never got back into that short GJ trade, I was too tired and went to bed.
I woke up after NY session was well on it's way and saw how the 5M chart contained inside the larger TF 15M chart showed a great opportunity to go short on the 15M 50 fib. There were 4 price rejections at 200.46 before price finally went down to hit T1 on the 15M
.
Even a trade entered at the AL on the 15M was worth 150 pips.
have a nice weekend everybody.........
trading naked.......