no.. it's doesn't necessarily mean that,
No it's not, Nor is a factor in going short, FYI, i didn't go long for this reason
Try not to take this offensively...ok
but , if these are the reasons you considered LONG to be a bad trade, then.. what can i say....
you are looking at the chart for face value (from a TEXT BOOK approach)
all these things that you are looking at are not really real.
but .. again
you have your way of trading, i have mine
and i don't want to interfere with your learning or your way of trading
it's best if you learn these things on your own.
see, You might now ask me, "ok martin, so explain it to me" hehe
I'm not here for that, that is a big long topic that took me a few years to figure out and even if i explained it to you, you'd probably debate the point and i'd have to put in a lot of effort to convince you , which most likely won't happen .
so.. it's sort of not really worth the effort
i can just tell you IN MY OPINION, i think LONG is the trade
you will disagree
and i think we should leave it there, because (Even though i like you , you're cool and all) if i stopped to convince every newbie of stuff like this, i'd be here forever
simply stated, my experience tells me the right move here is to go long,
i trust my experience in my trading and i consistantly make money and a lot of mind you (and that's the truth)
Now, by comparison (and not to belittle you) but instead just to give you something to consider,
Are you consistantly profitable and , let's say , do you make more than $10,000 a day (sounds like BS.. right, i assure you it's not) but i'm not here to prove what i earn
the question simply stated is....
Are you consistant and can earn over $10k a day
if the answer is No (which i imagine it is) Respectfully, then i ask you to consider MY EXPERIENCE
if you want to reject it, that's fine, like i said, it's your learning path, and i'd rather not interfere, if i can help you , i will help, but something like this gets discovered if you HAVE ENOUGH SCREEN TIME (it's really as simple as that)
so.. Be Cool
let's see how the trade unfolds
but like i said , 1 trade or a few trades doesn't really prove anything, so again.... Stick with what your doing for now, that's my advice
but i think it also would be useful to consider what i'm saying and maybe to try it on demo just for fun, see what happesn