Hi Guys,
Shorted the GPB/USD and was stopped out.
Want to learn my mistakes.
I have attached the chart.
Any experts here are welcome to comment
Entered on 2nd daily candle. Stoploss was set to previous high. Both have been marked out with a purple line.
ADR was 1032 with the Today showing 1000 hence I was thinking there might be some pips to go.
Traded using demo account 0.01 lot.
Had marked out all my resistance and support lines and only explanation I could think of was maybe I was not following the Primary Trend which was going up.
Anybody can shed some light into this
Shorted the GPB/USD and was stopped out.
Want to learn my mistakes.
I have attached the chart.
Any experts here are welcome to comment
Entered on 2nd daily candle. Stoploss was set to previous high. Both have been marked out with a purple line.
ADR was 1032 with the Today showing 1000 hence I was thinking there might be some pips to go.
Traded using demo account 0.01 lot.
Had marked out all my resistance and support lines and only explanation I could think of was maybe I was not following the Primary Trend which was going up.
Anybody can shed some light into this