Too bad no surprise hike... short stopped out at negative price (although a couple of pips positive) due to volatility.
- #601
- Mar 16, 2016 1:03pm Mar 16, 2016 1:03pm
- | Joined Jan 2012 | Status: Аdministrator | 1,215 Posts
- #602
- Mar 16, 2016 1:04pm Mar 16, 2016 1:04pm
- | Joined Apr 2012 | Status: Trader | 1,823 Posts
Sometimes it's better to be wrong,to learn..
- #609
- Mar 16, 2016 1:10pm Mar 16, 2016 1:10pm
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
- #612
- Mar 16, 2016 1:14pm Mar 16, 2016 1:14pm
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
- #614
- Mar 16, 2016 1:15pm Mar 16, 2016 1:15pm
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
- #616
- Mar 16, 2016 1:16pm Mar 16, 2016 1:16pm
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
{quote} Thats the million dollar question. It could have been, but then why was the 88 and the 50 and mid mofus and bottom respected? (that's the question I ask myself often). It is also normal for a retrace after a HH is made, in fact we base the majority of our trading on that very fact. After a HH or LL, one should expect a retrace before continuation. You could move the fib up to the tip top and go from there, it didn't fit as well....so perhaps it overshot, but didnt crack the zone we consider mofu zone. I just don't know- if it fits it fits....
damn thing cut this out of original quote : I knew exactly where it would go wrong...that's more than half the battle.
Didn't want this to get passed over my young friend . Probably one of the most important and overlooked aspects in trading .
Peace
- #619
- Mar 16, 2016 1:21pm Mar 16, 2016 1:21pm
- | Joined Apr 2012 | Status: Trader | 1,823 Posts
Sometimes it's better to be wrong,to learn..
