flandria wrote: Thu Jan 27, 2022 9:34 pm
Hi BM ,
Last night I got stopped out on the retrace on US500 ! Did you held position on this retrace ?
I had my stoploss above the semaphore ( which was not there at that moment but showed up much later on after going down ) . These movements always spook me .
Thanks for your work ,
Hi flandria,
Yeah, I think that may have happened to a number of people. Based on the information presented by my system I "knew" that a SELL was imminent. However, when I trade the news I
NEVER go in early or straight in when the news is released. I
ALWAYS wait to see how the market reacts. So I anticipated the spike upwards to take out those traders who had got in early for the sell and had their SL's not far from entry. Also that green candle spike and the next one was to entice other traders to enter long and also those that got taken out to take the "trick" BUY
So I waited until the 3rd candle after the news release to enter for the SELL
Which confirmed the anticipated SELL. In time you will learn to see this and trade accordingly and most importantly, smartly
Take this as a good learning experience and next time you will make those pip$
The market is definitely going to be giving you many more opportunities
Warmest regards,
BM