this was a really nice h&s trade. i can locate DB, DT, tripples bottoms/tops patterns everywhere that works with fibs. But i locate patterns after they ve formed and i m not very sure on direction when entering a trade. For example on the trade i attach I was thinking of entering short on a DT, inside a channel, diverged. But after a few bars it forms a DB diverged as well. So I wonder, should i stay or should i go long since i m in a uptrend channel as well? Finally i just didn't trade it... while i m writing this lines its going down on 138.2 level. I should ve gone short. yes i know i need market experience... i think i ll write to Sanda to ask for some with extra fibs on the top! first image - thinking of trading short AUD/CHF M15
yes i know i need market experience...... I was thinking of entering short...........? ............................................................. this is the problem in a nutshell s
he he i supose it is here s a tripple (or even more) bottom but has a supply area on the top so i m not sure if it will work
How do you define "work"? ................................. Rump, like this ....... and you should know better than to put it on a chart like a retail retrace trader. s
so i m not sure if it will work.......?? ................................ when you are sure, you have arrived.... s
yes i think i got your point... i was "afraid" to pull the trigger on five charts today. 4/5 of them reached TP. I need to be more... determined?