flatter trend does not mean trend has ended... you like me forgot about the larger bear trend that is going to kick in and you will likely get maybe one final 3 pushes down
but i agree my entry was wrong....i was only looking at the bear side but the bull side had too much momentum. I should have waited for one more bull leg; my entry was early but maybe my trade management may allow me a profit
Nah, you're only exposing yourself to bigger risks. There's absolutely no need for that. Anyway, this one is from Brooks videos that I copied eons ago. I marked "LL" and "HH". Let that sink in for a moment and see if you can connect the dots.
I'm not gonna specifically comment on your trade, but here again, you're risk:reward isn't all that appealing for this entry.
thank god for the bigger bear leg /swing. this up move has flattened the larger the bigger bear move . maybe i will get my target of 5628
Oh, so you do realize that you were trapped. Well, maybe you can now avoid getting into those traps in the first place. And you can start by not entering while the trend is flat.
Isn't this trading 101? IIRC, you should only buy the pullback in an uptrend and sell short the bounce in a downtrend. And avoid the chop at all costs. I'm pretty sure that's the rule of the game.