god dammit that spike took out my short at break even but I re-entered one final time at a worse price, still predicting with more confidence now this will drop to 1.2078 where it will go long. That 15-20 pip spike definitely looks like they're stealing shorts. Edit: My new short got stopped at -1 pips, I'm pissed and idk how to re-enter my short now.
stop losses!
That is the very reason I HATE
Be wise and have at least a mental SL!
Hating the SL is same as hating the helmet and protective gear when driving a motorbike.. Maybe nothing will happen for many many months and years yes.. You will feel free and encouraged to go naked every time you ride.. Some will spend a lifetime where truly nothing happens.. All could serve to justify this nasty habit.. BUT that one day.. That one moment of a sudden unlucky event will kick you out and the road will take away your facial skin like melting butter.. Bye bye happiness... You will grin like Mr. Skull for the rest of your life if you...
Guaranteed stop loss is the real deal.
That's why I prefer to wait for a second H1 for confirmation. At area 1 - we had 3 Hourly candles closed and still the divergence was confirmed. LOOK AT THE OUTCOME! Like I said - it works very nice. And the more important the level that it RUNS out - the stronger the signal. Today EUR took out a weekly LOW - it's a pretty important level and the reaction after that was NICE as you can see. Also it's important at what time of day the divergence forms, but that's a whole another subject. {image}
