Bez wrote:

@Pete You are right, I should have listened to your comments. My thesis for the trade was that after a strong opening, the bearish cross would lead to a bullish divergence and another leg higher but my mistake was trying to anticipate the price action instead of waiting for confirmation. I will still be in the chatroom but will take the next month to observe other traders here.
I 100% thought the same thing and I probably posted it. The difference is that I did not act. I watched to see if the scenario I felt was most likely played out. When the market started stacking red candles the drop was much deeper than it should have been for that scenario to play out and my suspicion was wrong. No worries, adjust my expectations and continue to evaluate. Look for the next set-up. 

1 min read
Mark As Read
Share post
Like post