Disliked{quote} Adjustments: Daily EMA and ROMAR are now touching. H1 confirmed parabolic up. Entry: sell {image} Edit: Rules for downtrend: a: ROMAR , EMA, and the 4 Horsemen must be in sync on both H1 and H2 to trade short. b: The H1 is your reference charts with the H2 your trading chart. Always check the Daily before pulling the trigger. Daily is full downtrend c: Trades are taken from Top to the Bottom. Use the H2 chart for your entry. d: If you miss the resistance area for entry then wait on the next open H2 bar before pulling the trigger.Ignored
Evaluation:
Although the entry point i think was at a resistance spot this was a bad trade. I have applied the wrong rules to the scenario as we are on consolidation on the H1 and not a full downtrend and those little errors can cost alot. H1 and H2 were not in sync for the down, My stoploss was not only past H2 DB/SAR but also past the 100 fibo so the odds of even getting my TP today were not going to happen.
Entering so close to market news was also a silly idea, I am thinking of adding it towards the bottom of my trading plan as it was something i over looked today. I also rushed this trade with the joy of been able to place a trade rarther than just doing as the paradox said.
Causa sui
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