Hi, i've been trading MLs for a while now, so feel i have something to offer.
The chart shown here, i cannot see why you went short.
The MS is against you and you dont have any well confirmed line, trend or other, to trade off. Sure you got out of this one BE, but "I have a line syndrome" will crucify in the end.
Re MLs, i've always found it better to trade off MLs that have been confirmed and when MS favours my trade direction, eg chart below.
What I have said is merely another view, and i dont write it as gospel, just food for thought.
I wish the best for your trading.
The chart shown here, i cannot see why you went short.
The MS is against you and you dont have any well confirmed line, trend or other, to trade off. Sure you got out of this one BE, but "I have a line syndrome" will crucify in the end.
Re MLs, i've always found it better to trade off MLs that have been confirmed and when MS favours my trade direction, eg chart below.
What I have said is merely another view, and i dont write it as gospel, just food for thought.
I wish the best for your trading.