Trend suddenly chages direction
Open candle?
Open candle is continuing painting, close candle is not repainted.
It is everywhere: open candle is like a weather for today as it is not yet finsihed. It is law of life.
Sergey Golubev:
Well the daily weather forecast has become a lot better than a prediction of the next candles!
It is everywhere: open candle is like a weather for today as it is not yet finsihed. It is law of life.
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Hi Guys,
Greetings to All.
'am 45days old to trading.
I noticed, as soon as New position is opened, the trend suddenly moves in opposite direction and loss occurs.
E.g. Current trend is Buy, all White candle, looks very promising to open Buy trade. No sooner you hit 'Buy', the trend changes into opposite direction and continues for some time, by that time you have already made loss of 1-2% of balance.
Does this happens every time on Metatrader4?
Please explain the phenomenon.
Cheers,
Mutta