DislikedFirst trade of the new year..... EJ H1. This trade was not taken entirely by TMS rules. Because price has been ranging during the holidays, I waited for price to break below the low of the London Open candle before entering. I entered a little more than 3 hours following LO, even though the cross of green over red had occurred at LO. I entered with a 40 pip SL and 40 pip TP, expecting a small trade based on the ADR. However, price moved very strongly down. Not only did the H1 candles all close red but all the M15 candles also closed red, indicating...Ignored
What type of Price action inspired you to take counter trend trade as EJ is in Up trend ?
Thanks
Manoj