Entry:
1. Background strong in the above timeframe
2. There was a price support to the left (red line below the prices) and there is recent buying marked by the blue dot below the bar. Go long on a down bar with low volume when Hull is green.
Exit:
Trailing stop should be placed below wide spread up bars which would have protected the trade in this case. Instead the prices reversed again and only afterwards there was a strong uptrend.
#ErrorsToAvoid
Files:
eurjpy.png
88 kb
