{quote}I'm not quite sure why you shorted all the while the candle was going up? If you had put the trade in at the open I could understand a bit better, but why after the candle had gone up around 16 pips?
{quote} Sometimes news just messes everything up as others have stated. However, in this particular instance I believe something else might also have helped you avoid this trade. The TMS method uses HA candles for very good reason but, they sometimes distort what is really happening and this is one of those cases. To make sure I get a more accurate picture of PA I use regular candles under the HA candles. In the attached screen shot you can see that you entered a short trade on a very bullish candle (37 pips). I hope the TMS purists will forgive...
.This is more of a fundamental thing and I'm still very new to this so take my word with a grain of salt. CPI does reflect the state of inflation. That alone doesn't tell you what the bank/gov was going to do about it. Unlike MPC which tells you their stance and plan for interest rate. Bank/gov decision and interest rate are the top 2 factors for investors and they affect money flow the most. That's why you'll see some news just nudge the price off track a bit before coming right back where it was. While a few will affect price much longer.
{quote} Hi pastecopy ...Daily was up..price pulled back..Couldn't go pass the s/r area..stays above 5sma and 200ema..not a strong pullback It actualy went up to 100pips i posted later as update..Damn..re-entered..re-entered..untill it pulled back from weekly s/r area.. Post 38,423 I find no reason for price to change it's trend at that moment... Often time news plays this way....Hunts the StopLoss..Then continue to its way.. FPB [ Fake Pull Back ]...expected...
. I might repeat my mistake in the future before getting things iron out.
{quote} I would not place too much weight on the pinbars as they did not happen at downtrend and support. Just my view, not trying to disagree with you
