DislikedTook a loss on my second demo trade, USD CHF M5 I saw the market bounce off the Daily open line, retreat under SMA and had bearish momentum with bars closing under the channel, MTF all bearish and RSI bearish. Shorted on test of the upper channel. Stop loss was placed at the SMA200. The trade did go +10 pips, but I didn't close it as I interpreted bearish momentum still. Maybe my greed kicked in. Any feedback would be greatly appreciated, thanks. {image} {image}Ignored
Entry looks good, but I feel like sharing what the situation looked like from my point of view.
This helps me learn and maybe can help you in the process. We can all learn from eachother
Try placing your short SL in area's above Resistance/DailyOpen/Swing high etc. I get punished when placing the SL around the 200sma. It looks like I'm not the only one. This change in SL placement helped me. Maybe it can help you too
Good Luck!
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