Quote:
Originally Posted by 8pipike
Hello Tymen and all,
Did any of you trade on Friday morning?
Here are 2 charts in the attachment;
the first one is the 30 minutes and the second one is the 5 minutes, from Friday 8:00 AM.
Beautiful evening star formation (isn't it?) and I thought this will be good  ...and what happened 
...then I panicked and started loosing money.
Do you have any advice on this chart?
What did I miss here, besides that it's Friday...the unpredictable!
Have a great Sunday! |
8pipike,
I see two problems with your trade.
1. Avoid trading close to news releases. And NFP is a big one.
2. If you were looking at the 7:30 bar as your evening star, I would have avoided that trade regardless of the news. That star is not near the Bollinger Band. Maybe it’s just me but I’ve found a much higher failure rate when the candles are not on or outside of the BB’s.
I noticed you are using FXCM. Are you live with them? If so, what’s your opinion of them? I have a demo with them and I really like the charts and platform. I’m live with MBT but their Navigator platform is terrible.
Max