Trying to get a short on account of this running highs with a bearish tendency, TOD is down grading this but it got up there very quick so I think that this maybe a good entry as it's broke 5m structure price went over my entry but didn't fill me so I am just being patient 40 pip stop though so if it does spread me in on a spike I will have to be extremely vigilante at monitoring it
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Got my fill but am really just wondering whether i Should have waited for London open price spread me 15 pips which doesn't leave much room and we are also in a low liquidity TOD so I really want to see a quick reaction within this first 15m new candle
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I think because it paid of last week I was hoping for the same when i should have waited for correct TOD this is neophyte thinking and will have to be reflected on even if I am right starting the week of with a loss is no good risk is only 1% but still should be respected if you want to achieve your goals
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a close below 2.907 would be ideal to give a little more faith but this isn't very high probability as there is still a void above and more liquidity to be taken
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Levels i'm watching for reversal 2.9 2.88
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Broke 5m IOF to the upside so i'm weary and the probabilities have lessens as it broke it at an area where it may reverse and seek those highs above
Trade closed: stop reached
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My stop should have moved to breakeven or close as the probabilities were lowered --1%
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Or even exited after that spike up
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Thought about taking another entry on on a stop run and stupidly listened to a respected person on twitter, I need to stop doing this and back myself as it looks like its moving in my favour from where I should have entered