Disliked{quote} Nice trades. I saw the first trade you took as it was happening and was thinking to myself ....is that a break of 50 and retest? I was hesitating because of 2 reasons. 1. I had this idea that price has to travel some distance away from 50 after the break and then come back and retest. 2. Price is consolidating around the previous low(my lines) and will it act as support and go up ..? in that case my stop should be above the last Friday high..... so i skipped the trade. Thank you for the confirmation of that trade.Ignored
I like your second reason much better. Using your swing it didn't get below and stay below at that point. Later it did and you took a trade.
Confirmation of my trade is based only on what I have talked about since post 945. Price broke my swing, which means it may go lower. I want to go lower as stated Sunday. It got below the simple 50 and came back to it. I get involved.
Be bullish on you.
1