DislikedHi Guys,
I entered short on the chart below. I've circled my entry point, was this a bad move?
If so any ideas why so I can learn and not make the same mistake twice.
ThanksIgnored
Those are excellant analysis' from Steven, Ekling and FX Nija.
If market is up, then look for reasons to go long. If down then reasons to short.
As an aside: very nice MACD divergence from hours 14:45 to to small hammer at topside high outside BB close. Counter trend trade of 20 pips plus your spread back to center BB. Then it gives you 6 candles to close in profit.
I still find it very helpful to read Imran's PDF for trading his system.
Just a thought. Hope it helps
CE
I get exercise just pushing my luck