Thursday 15 January 2015

R+0.2 GU 20EMA trades 1 win (rejected demand), 1 loss (respected demand)

Why do some trades respect a demand level while another rejects it?  God knows. Guess I could have reversed 2nd trade when it went against me into overhead supply, just to recoup the loss. This would have been a more manageable trade than it has been in the past, as with these trailing stops I've been using recently I can offset risk quickly... but had plans so went out.

Think there might be something in the order of the pivot highs and lows...
Just prior to "1" price had made a lower low and "1"s entry was on a lower high (down trend)
While on "2" price had made a higher high and higher low just prior to it (uptrend)



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