Agreed. I canceled that order.
If you haven't done so already, some of the traders here find it useful to put a 248 EMA on their 15 minute chart. This then represents the 62 EMA from the one hour chart. This can be helpful in judging whether/how to trade the 62 bounce trade as price approaches.
The 62 bounce trade and the 35/50 cross and reverse do require judgment so it's good to read the 15m price action as the trade comes into view.
There are a lot of set-ups with this method so it can be good to concentrate on just one or two at a time until you fully understand them.
Macc
