Now that I see the market has pulled back into this range,I'm considering shorting as close to the top as possible. Knowing that the trend is up,this one carries some risk,so a few things need to be considered. Firstly price needs to hold convincingly below the short blue line,secondly because its counter-trend, my stop-loss needs to be set to break-even as soon as possible and thirdly money management needs to be considered as well ( not risk as much as a normal trade).
Đã hủy lệnh:
Fortunately I don't like using pending orders other wise I would have been hunted on this one. Although price did hold below the blue line,I really would have liked to have seen price slow down towards my entry and not speed up like it did. Especially on a trade that is counter-trending,that's way to scary,in the direction of the trend would have been a different story. So I had to let this one go but now its on its way to the bottom of the range :) which means a possible buy opportunity :)