Hello i hope everyone made some bank today, im posting my trade for the day for some input as im still a fairly new trader (little over a year)
and i would like to know what you more experienced guys would do in this situation....
So this morning around 7am-ish i entered a sell position on GU with the intent of exiting around that previous area during london session where buyers came back into the market. I saw some buying pressure around 8-830am so of course i closed the trade. Then right after i close it tanks
Luckily i FOMOd into another sell which got me some more pips but i want to know if there are any clear indications that there arent enough buyers in the market to get prices higher which would have resulted in me not closing this trade and catching the bulk of the movement.
edit: im EST time
Thanks all and good trades.
and i would like to know what you more experienced guys would do in this situation....
So this morning around 7am-ish i entered a sell position on GU with the intent of exiting around that previous area during london session where buyers came back into the market. I saw some buying pressure around 8-830am so of course i closed the trade. Then right after i close it tanks
Luckily i FOMOd into another sell which got me some more pips but i want to know if there are any clear indications that there arent enough buyers in the market to get prices higher which would have resulted in me not closing this trade and catching the bulk of the movement.
edit: im EST time
Thanks all and good trades.
2