No kidding. You got to say more about that up bar that you did not like. On M5 it had three (3!) gaps. Was it closing the gaps? What else? Also, why did you choose 2781 and not 2782.75 as your R&L?
i was watching 5 min ..there were no gap in my chart. but what do i not like about that bar? You will become a world class trader because you do not hesitate to ask what others may think is a stupid question: always ask stupid questions that is the way to learn;if you are shy to ask others ASK YOURSELF. SORRY FOR THE SERMON well the market was forcing you to buy high. it was the biggest up bar in 35 bars and it did nothing !!!!!!!!!! did not even break a high so conclude that it was bar in a trading range. but even then it was a mistake to sell:the 4th bar after the big bar had a breakout failure and that is always a good sell. what does that stand for?
The bottom line is that big bar was in a corrective move and big bars in corrective moves always have to be faded so i did just that.
"Preach on!" S&R - Support and Resistance level. If I give you a print screen, can you point all the bars that you are talking about. Do not mind the foreing language.
So, today I was trying to trade this trending range. Four trades in total: a good trade, a bad one, a stupid one, and another good one. The first three,
First day impression of US 500 /emini just lovely...planning to trade /scalp 5 min. it moves about 5 times as fast as any forex pair-i thought i was watching M1 [instead of M5] by mistake.