DislikedNo, I took the first HL after the news. To cut a long story short, I closed -3 on that trade. Looking at the chart, the third low was the one to take. But what factors would keep you out of the first 2, and then take the third? In hindsight, I can see factors saying why you should take the 3rd low, mainly the inability of price to break below 5184, so that is a positive indication to take the trade, but what stops you taking the first 2 breaks of the low?Ignored
Hi Royston
I've added 5 min chart with arrows up for poss buys after news.
We had stopped trading after good morning session.
Int rate day in UK first and then euro was enough to make us stop. Also if we had been looking, to be buying in and around an even number would have made us pause. You can always expect more volatility and have to be convinced of direction.
How do you know the 3rd move would be the 1 to go, difficult but as I often say how much is the bounce from a key level.
After the event is easy, I did say live when you asked above. With 1 hr candle pos close and failure of shooting star it could be a buy above SS upper wick. That price action would have kept you out of 1st 2 poss buys above.
The major thing that would have kept me out was the even number.