Morning guys! (Shouldn't really be morning since I should have been awake 4 hours ago..)
Had a nice day yesterday, played football with my friends to 2AM in the morning. Nice day!
Anyway just trying to catch up here and I have a couple of questions.
Hopefully some of you recall my Daily AUDUSD trade (short from 0.9975) and I closed it for 2 pips profit because I decided I really shouldn't have taken the trade in the first place.
Now, I have attached a picture.
There are two BEOB bar and a divergence but never mind that.
Mike told me (when we only had that number 1 BEOB) that it wasn't a very safe trade and he was correct, because the high of it didn't protrude much above the other highs to show that there really are selling pressure there.
Anyway, what happened later was that we had a spinning top and the day after that another BEOB.
Now my question is, if you have a setup that isn't very strong, and the market develops ANOTHER signal (two after eachother) does that make it OK to take the trade?
Like in this example.
Thank you and hope my English isn't too confusing.
Had a nice day yesterday, played football with my friends to 2AM in the morning. Nice day!
Anyway just trying to catch up here and I have a couple of questions.
Hopefully some of you recall my Daily AUDUSD trade (short from 0.9975) and I closed it for 2 pips profit because I decided I really shouldn't have taken the trade in the first place.
Now, I have attached a picture.
There are two BEOB bar and a divergence but never mind that.
Mike told me (when we only had that number 1 BEOB) that it wasn't a very safe trade and he was correct, because the high of it didn't protrude much above the other highs to show that there really are selling pressure there.
Anyway, what happened later was that we had a spinning top and the day after that another BEOB.
Now my question is, if you have a setup that isn't very strong, and the market develops ANOTHER signal (two after eachother) does that make it OK to take the trade?
Like in this example.
Thank you and hope my English isn't too confusing.