Just opened a short position when trend became exhausted. Double crossing in ultimate oscillator and my own TDSI indicator simultaneously gave indication of entry. I used the 1h chart to define stops and reward/risk calculation (not displayed)
Comment:
Still in the trade, but this was a false breakout pattern at its best. I hope the trade is eventually going to be a slight success, but I just accepted to make loss in this trade. Another example of why you shouldn't consider entry points based on the 15-min chart. However, reversal is still possible.
Trade closed: stop reached:
Stop loss reached (not a good way)
Comment:
and then it returned in the profit zone ... investors heavily sold before end of trading day. Tomorrow I hope to catch swing in early morning hours (DAX opening) and collect some money. Again seems reasonable to me for another short position that might be more successful.
