DislikedHello traders!
Here is a long eu at the m15/35-50 & h1/10 MAs at 9:00 gmt.
I was afraid because it was a third touch of these MAs
but the daily, h4 and h1 charts was at good , healthy uptrend and also
was after London open and took the trade...
Also very late entry because I had to be sure for the
rejection. Finally it worked until the previous peak on the left
for 12 pips.
many pips to all!Ignored
It doesn't matter it is the 3rd touch or 10th touch, the important thing is to post winners (and keep losers for private evaluation). Everyone here do this.
You see I took the 4th touch and earn 5 pip (which is too little to post here perhaps). Nevertheless, I took it only based on the trendline I marked, I don't really use MAs. I entered based on the M15 pin bar, which suggested a rejection, I entered when price retraced to the trendline a bit. The price did move as expected direction, but the degree of movement was not accurately predicted. Price went to 10pip and dropped back, I closed it before important news.
Thanks kostas1, I feel I start being able to do bounce trades.