I really hope the wack down starts... first entry on this scout was 4th Feb. Tah, do you have any idea what´s the average time you have trades open using scouts? Because I feel like I entered too soon.. :\ {image}
No, I do not have any such statistic. And I would spend time trying to improve what to look for in entries rather than coming up with such a meaningless statistic. I have a longer running trade, by far, than yours. It happens. We live, and learn or die. Get disgusted with yourself, as I, myself. Then start taking much greater care about choosing what and when to trade.
I'd like to add this thought. You are probably tempted to add, now that the price has been run up another 100 pips in these last two days. If you are, be very careful about when you add. Note that the price was spiked by the Market Makers when a release occurred. This is not buying. If this were buying, everyone would be trying to buy at the lowest possible prices for as long as possible. This spike early in this Asian session was price manipulation by the Market Makers, manipulation to hike the price for better closing of longs and for better short building. Note that the MMs took the price above the whole number. This is a fundamental PVSRA indication the MMs are now bears. But the LO and the USO MMs have not yet had a chance to partake of closing longs and opening shorts at the now higher prices. And they will want to. Therefore, it is reasonable to anticipate there will be more price action to come above the whole number.
We cannot know how price will move next, nor when trends will reverse, but right now it is too late to long and too early to short, as Master Sonicdeejay says.
-tah
