mike is exactly right.
the key to this trade was the big 00 number above it and the 150 ema.
my stop would have been at breakeven at the point it reached those levels and some profit taken.
we then watch and wait but we do it at no further risk to our account.
what this did was not unusual at all and im pissed i missed it.
many times i miss these and i think its age.
i swear i dont remember "seeing" this as i was going thru my charts and to make matters worse it was at the end of a very profitable short trade i was in on this pair from the last couple of days.
maybe that why i missed it.
the key to this trade was the big 00 number above it and the 150 ema.
my stop would have been at breakeven at the point it reached those levels and some profit taken.
we then watch and wait but we do it at no further risk to our account.
what this did was not unusual at all and im pissed i missed it.
many times i miss these and i think its age.
i swear i dont remember "seeing" this as i was going thru my charts and to make matters worse it was at the end of a very profitable short trade i was in on this pair from the last couple of days.
maybe that why i missed it.
DislikedYes exactly
The best way I can explain it is. To be able to recognize these areas. Over time you learn when to hold a bit, tighten up, or take profit all together. The reality is we never fully know what WILL happen, but by never being surprised and prepared by recognizing all these areas, nothing is every a surprise and that is the best part! Time and experience is what comes next. Sometimes you get the runner, sometimes you don't, sometimes you move your stop up and you get taken out, other times you don't. Isn't the one trade that matters,...Ignored