Disliked{quote} Good job identifying something made you mad. The continual acknowledgement of your feelings while trading goes a long way in keeping you from going on tilt. Yes and no on that trade from the grey arrow. Strict answer... No I wouldn't take because I generally don't trade at that time of day. I view what you have marked as the middle of a larger channel, not the breakout of a small channel. Less strict, I would take it if it were down at 1740s cause that would be a better place for that action at that time. For example, when I took that trade...Ignored
Yes, I understand what occurred was different.... there it was sellers coming in every time the price was making HH.. this shows the lack of bull power to bid the prices up.....here the overall bias is bulish and not the same context...... what I meant was .... as the bears was bringing the prices down on that day... bulls were tryin to bid it higher yesterday.. if you see the first yellow marking in my chart.. it is a bearish candle then doji and a bullish candle... then the next candle was retracement to half of the bullish candle and then market went up... the second yellow marking where I attempted the long was same too.. so I kept a PO...at half of the bullish candle
I am not sure if this makes any sense....
I liked the less strict explanation...... If I understand it correctly... when we are taking a trade which is lesser probability.. take it from a location which offers least amount of risk....
Thank you