Hi,
I am learning this system, I would not have taken that trade, as it's close to 60/200EMA (i think) and would wait for a break of that 200 to see trend change.
Imran or someone else might be able advise on this.
Regards,
Guess
I am learning this system, I would not have taken that trade, as it's close to 60/200EMA (i think) and would wait for a break of that 200 to see trend change.
Imran or someone else might be able advise on this.
Regards,
Guess
DislikedIf you look at the chart again, my entry wouldn't have been at 237.40. The sell signal came at about 237.25, then 5 minutes later it went up to 237.48, which would have triggered my S/L.
I've marked up my chart even more to further illustrate this.
Technically, if I had a 0 second reaction time, yes, I could have gotten in much higher. But in reality, just about 30 seconds after the lag 1 broke 0.85 the price was at 237.25 or so.
So I gues technically this isn't a false signal then after looking at it closer...but at the time of that huge downward candle the lag was still drawing / repainting. It wasn't until after that candle that it was a CLEAR sell signal, at which point, I would have been screwed if I got in. Very tricky...Ignored