Thanks for the update.....
DislikedIt seems that the situation has changed, and i will have to make a move on this trade.
The reason i didn't pulled the plug yet, is because i think that this upward move didn't allowed for the down momentum to properly dissipate.
So in order for me to consider a good bullish signal, i would like to see the price hold around here for a day or 2, and then move.
I remember when i said that B/E stops don't make sense, but in this case it is a good place to put it now.
The reason to put the stop around b/e at this point its not really because its B/E, but in fact is around an area of danger for the bearish scenario.
Since i'm considering this green candle a little overdone, a stop above it is the limit where i can still consider an aceptable bearish scenario.
But as i said, its better to look directly in case the price ends up eating the stop, but making a doji and getting back down. Thats why i don't trail, i just watch. Stops are only good when we are sleeping.
Too good i did shorted this at a good price, so its not a problem to endure this up days.
Remember, just like i said in my first post in this thread.
Good price its good values. Forget about buying or selling breakouts at any price.
Buy low, Sell high!
My experience has told me that if you get a good price, even if you get the overall scenario wrong... its almost impossible to lose.
This is a good example. It doesn't matter if ppl tells you to only sell this pair when the major support breaks. BS.
This price where i shorted it, its the only price that allows us to get out with no loss and a bit of profit if we want, but giving the advantage of major profit if everything goes right.Ignored
"Keep your eyes on the helpers" - Mr. Rogers