Disliked{quote} Hoping to close short @0.89843 in profit before any other action.:nerd:Ignored
if we continue to hold above 900x the hourly pivots will rise which means that you may have to lose a few ticks if you trade the hourlies
as of right now you're BE to the pivot
but i doubt the position will be a disaster the way the market is trading (very slowly, no momentum)
you shouldn't be upset about taking a small loss on this one
think of it this way, you basically already ran it 40 pips drawdown, -10 pips would be a great result. going forward you should have better stops (40pip dd is too much for intraday trading)
another thing is:
*round numbers can be very deceptive*
the difference between 8975 and 9025 looks less than the distance between 9000 and 9050 because people think oh you know it's gonna revolve around the round number
this is a very bad bias to have because very often price will not revolve back around the round number and the distance is the same (50 pips)
so the next time one considers selling at 899x remember it makes a huge difference between 899x and 901x if you think 900x is at risk, wait
