DislikedI have a q regarding this trade .
Entry @ 1.4731
How to manage the trade ?
1. "normal" exit at the red dotted line after fcr did not hold .
2. as Moneda suggested (I think) @ point 2 , one bar after we saw that point B failed to break the HH of point A.
3. I don't know if we have the option according to FX rules to say :
"Although we are supposed to exit @ the red dotted line (1) , as we have made an early and good entry ,and still are in the green territory even @ point #3 ,
we can stay in the trade and move our SL to BE , expecting to catch...Ignored
don't over anaylise toomuch.. don't worship anything on your chart and don't have any set on stone rules.. this method that we practise here is very felixible.. we got the tools for you and its up to you to make it work for yourself..
we got #1&2 (expectancy).. fcr.. 123.. BB.. these are your tools to get in and get out..
what you displayed in your chart.. the right play is to get out by playing #1 and get out in the middle of bracket for some +pips.. and play the IF and Then and take the fcr for the short.. that short fcr could have easily been a runner .. right? you never know.. and the next play was to go long on the BB later on top..
but whats happening to you is being decived, by watching everything in the hindsight 10hours later.. and think that you could have a had a 60 pips runner!!! and all of the sudden wanna change things around.. and if you have read my my long post yesterday you see the red part was exactly about this as it was my concern for everybody based on what happened yesterday..
so to reacap..
don't over analyse.. don't second guess.. but rather trust and stick to the plan and you'll be the next Paul L +110.. Jplo +74.. and maybe me +62..
Good Luck..