Patience: I'm not trying to judge your style, I am just saying that you might have been "scared" out of a good position based on "the average price over the last twenty bars", a meaningless arbitrary number, instead of exiting because of price structure or price action at the time. No structure was broken, in fact this last up bar had to occur(which is now going down) to confirm my entry above(I call it a check bar), which it looks like its doing now. Use the MA, but look for other confirmations, or indicators along with it, and your account grows!!
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In trading, you have to be defensive and aggressive at the same time
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- Apr 14, 2016 11:34am Apr 14, 2016 11:34am
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