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Re: Trades taken today :) By the rules

BeatlemaniaSA, Sat Jun 17, 2023 7:19 am

dio889 wrote: Sat Jun 17, 2023 3:48 am if I understood correctly then here I can enter in LONG
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Yes, you could but it would be counter-trend trading. ALWAYS review the higher TFs. If you look at the H4 and D1 you will see that the bias is short!!

So this move up would be short. In addition, it is Friday, and just because they have exceeded their MWR does NOT mean that they'll be going back up with a big move. Dealers like to trap traders on a Friday and over the weekend and then gap them out on Monday. If possible don't hold trades over to the following week UNLESS you are substantially in profit already!

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