I have three questions about today EU m15. First of all look at my chart plz.
1) I entered long at 1.3196 (marked bar with number 1), SL 2 pips below the low of bar and TP at 1.3215. The direction of Keltner Channel was ok (uptrend), it was corrective move (I thought so) and looked like the price bounced from 50% fibo. Unfortunatelly I lost. What do you think? Is it a good entry? If not, what was wrong?
2) Second marked bar. Did somebody entry buy?
3) Third marked bar. Isn't it A++ setup?
Thanks for your attention.Ignored
IMO, the 1st trade was OK but you got the loss. Think about it as the cost to run this business. Not every trade will be a winner so try to be familiar with the small losses (it's not bad if our losses are around 20 - 40 %). I would not take the second trade due to previous red bar. I have no idea about third trade. I think price was forming triangle. If you entered that trade, you should be Break even or small profit. Don't think about big winner as market moved. We didn't know anything at that time.