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! |
I am not even close to a expert... but I would have to say that you ignored one of Tymens rules for opening a trade. The evening star has to be closer to the upper BB as the real body of the candle was closer to the middle. That and the NFP which I understand is a fairly big economic event to stay away from if you like to lose money.