no worries, I'm 100% contrarian. I know it's easy in hindsight (like all the gurus do..), but I would also have shorted that part I called a fakeout, when it broke back under the blue line.
Most people would have went long on that breakout, so I would've had a sell stop under that line and pick up all those sweet stop losses when people panicked. Look at all those lovely red candles of pain immediately after, yummy ! lolol
I would've exited just a bit lower, where there's a bit of a line up with a previous wick. But yes, if you've got the correct zones marked, it makes everything a hell of a lot easier!
Yep, my trading all comes down to the elements I've written about, and over 10,000 hours watching charts and having a sort of "sixth sense" about what's going to happen. I don't hold much stock in in-built indicators whatsoever.
No, the opposite. You said it would bounce off support and head up ;-)
ah, but I didn't say I would buy, I said I would put a sell stop below the blue line, so I'd be short right now... he he
So you did, my mistake!
no worries, I'm 100% contrarian. I know it's easy in hindsight (like all the gurus do..), but I would also have shorted that part I called a fakeout, when it broke back under the blue line.
Most people would have went long on that breakout, so I would've had a sell stop under that line and pick up all those sweet stop losses when people panicked. Look at all those lovely red candles of pain immediately after, yummy ! lolol
I would've exited just a bit lower, where there's a bit of a line up with a previous wick. But yes, if you've got the correct zones marked, it makes everything a hell of a lot easier!
I take it you're more of a price action rather than indicator trader ? I'd say I am, for sure. Price action that is.
Yep, my trading all comes down to the elements I've written about, and over 10,000 hours watching charts and having a sort of "sixth sense" about what's going to happen. I don't hold much stock in in-built indicators whatsoever.