Bit of a long shot on this one. No doubt its a Bollinger Down and MACD cross ahead while above the 0-level, signalling a short trade. Still, no certainty on RSI and the trend channel. Also, some retracement took place already, so the question is: how low can you go? Crucial advantage: We're following the trade, so we might get lucky on this one! Wait & See! :)
Comment:
sorry, I obviously mean "we're following the TREND" -> trend = Friend
Comment:
Bad news, MACD reopened and it looks like we anticipated that trend reversal a little too soon... As I said, it's a long shot, but still no reason to question he rationale, lets see if we get that reversal or whether it's going to be "cut losses and run" - some exciting hours ahead ;)
Comment:
Well, trading can be tough at times. Losses are getting too high, so something must be wrong. Bad timing to get out of a trade, but thats the pill you have to swallow at times. Cut losses @1.28840.
Trade closed: target reached:
Like grandma always used to say: Patience is a virtue! If the idea is solid, all it takes is some patience for the market to roll out in your favour! ;)