Self Evaluation after trade. Please any comments very much appreciated
Entry: Entered short with confluence of Daily Sar and contour line along with H2 and H1 divergence and db plus sars at 123.560 .
Consolidation: I am trading against trend due to Daily in consolidation and confluence of resistance and all fibs red.
Long:
Short:123.560
Notes for readjustments:
Trade Result: +40 pips
Notes for Evaluation: Relied solely on fact that Daily chart paradox resistance and 3 red fibs would hold for 40 pips which took me out of the moment never the less I followed my plan and got it to my surprise. Looking back at the chart I have a quick question for Dana or Shinny. I see that on H2 the market had 3 retraces and then on the fourth which I was in it went all the way to 61.8 fib. Wasn't there a lesson about 3 retraces in consolidation and then it goes to 61.8. This was Daily consolidation but not H2 so I'm not sure about that lesson(showing in second pic)
Entry: Entered short with confluence of Daily Sar and contour line along with H2 and H1 divergence and db plus sars at 123.560 .
Consolidation: I am trading against trend due to Daily in consolidation and confluence of resistance and all fibs red.
Long:
Short:123.560
Notes for readjustments:
Trade Result: +40 pips
Notes for Evaluation: Relied solely on fact that Daily chart paradox resistance and 3 red fibs would hold for 40 pips which took me out of the moment never the less I followed my plan and got it to my surprise. Looking back at the chart I have a quick question for Dana or Shinny. I see that on H2 the market had 3 retraces and then on the fourth which I was in it went all the way to 61.8 fib. Wasn't there a lesson about 3 retraces in consolidation and then it goes to 61.8. This was Daily consolidation but not H2 so I'm not sure about that lesson(showing in second pic)
Behind the curtain's mystic fold The glowing future lies unrolled!!
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