Cornix's Forex Trading Journal

Been trapped on that one too, very tempting lower high after 2 legs up :)

Fortunately I reversed at 72 when 1 min chart showed some strength above 20 EMA.

This failure was a great with trend entry !
 
Quote from Joman:

Been trapped on that one too, very tempting lower high after 2 legs up :)

Fortunately I reversed at 72 when 1 min chart showed some strength above 20 EMA.

This failure was a great with trend entry !
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This creeper up makes me feel sorry I play reversals. :D
 
Don't be sorry you just took your setup and I think it was a valid one.

Reversal can be brutal in the european session, it could have worked very well.

Been out that long a bit early :eek:
 
Nope, got no problems with losses. Trend days (especially squeezes like today) are always scalper's nightmare.

We take those pips back when it ranges and chops trend followers to hell. :D
 
It's very true trend days can be rude. It always seems too high or too low, bars are usually bigs and it's difficult to enter.

I've used to fight the trend countlessly .... especially when I have a bias on the other side of the market.

A very effective way to manage a big trend like today is to trade off the 1min chart. It offers many bull flags and shallows pull backs that offered small risk entries.

I've found the 5 min chart much less useful in this kind of market.
 
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