Can someone explain what just happened here
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- #213,182
- Aug 19, 2025 4:32am Aug 19, 2025 4:32am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #213,183
- Aug 19, 2025 4:36am Aug 19, 2025 4:36am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Can someone explain what just happened here {image} {image}
Focus only on what truly matters!
- #213,185
- Aug 19, 2025 4:39am Aug 19, 2025 4:39am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
Look at this image on M5. (It could be a map for H1.) Where H1 (yellow) is at the top, that's where (H1 is the price at this point).
"No pain no gain"
- #213,189
- Aug 19, 2025 5:02am Aug 19, 2025 5:02am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #213,192
- Aug 19, 2025 5:44am Aug 19, 2025 5:44am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #213,193
- Aug 19, 2025 5:53am Aug 19, 2025 5:53am
The universe is watching… and it’s malicious.
I missed the recent peak at 1.169x and shorted at 1.16857 (TP 1.16714). As we could see, price started a tight bounce. Even ATA moved shorts to BE. So, I decided to close the order manually at 1.16814.
And then…
Price IMMIDIALTELY dropped almost straight to my original TP
I’ve lost count how many times this has happened to me. But plus is plus anyway
Happy trade,
Songo
I missed the recent peak at 1.169x and shorted at 1.16857 (TP 1.16714). As we could see, price started a tight bounce. Even ATA moved shorts to BE. So, I decided to close the order manually at 1.16814.
And then…
Price IMMIDIALTELY dropped almost straight to my original TP
I’ve lost count how many times this has happened to me. But plus is plus anyway
Happy trade,
Songo
Songo
- #213,194
- Aug 19, 2025 5:57am Aug 19, 2025 5:57am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
"No pain no gain"
- #213,195
- Aug 19, 2025 6:07am Aug 19, 2025 6:07am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #213,196
- Edited 7:28am Aug 19, 2025 6:15am | Edited 7:28am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
The universe is watching… and it’s malicious. I missed the recent peak at 1.169x and shorted at 1.16857 (TP 1.16714). As we could see, price started a tight bounce. Even ATA moved shorts to BE. So, I decided to close the order manually at 1.16814. And then… Price IMMIDIALTELY dropped almost straight to my original TP
I currently have buy positions and plan to wait until enough sellers enter the market (bite the bait). I hope the price will reach near or just above my take profit (TP) level of 1.17050. Once it reaches that level, I will look for sufficient buyers before deciding to sell (with some technical aspects in mind), or I may choose to observe the market first.
However, I might be the one getting the bait though ; )—
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #213,197
- Aug 19, 2025 6:20am Aug 19, 2025 6:20am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
"No pain no gain"
- #213,199
- Aug 19, 2025 6:27am Aug 19, 2025 6:27am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
My open positions: likely take profit at 1.17050. {image}
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #213,200
- Aug 19, 2025 6:43am Aug 19, 2025 6:43am
- Joined Sep 2018 | Status: Trader Man | 2,123 Posts
"No pain no gain"