In this case that would be a big ouch for me even when this example is rare:xard777 wrote: Thu Jun 04, 2020 11:44 pm Hi Sappyjay,
This is my 2nd trade today, I did +60 Pip$ earlier and I know it says 217 but I closed out at +232 Pip$ for a total of +292 Pip$ so far today.
I tend to only use 30 min & 15 min but will look at 4hr TF from time to time just to get my bearings.
The best trades are at the cross of the Trend line if you are in a SELL on a Pink Candle then instead of a stop loss just bail if a Blue Candle appears. If you're in a BUY on a Blue Candle again bail if a Pink Candle appears.
Xard777
But I notice from backtesting that red or blue dot can almost appear at the candle right after the cross.
So what to do then???
1. Trade further and hope it repaints more or
2. this could be the endpoint of the repainting and do nothing
Both of these options are not really a "confident trade".
Edit:
Here another fresh example to understand my problem:
