I like this explanation more than my question

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An excersize.

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I c that one but it has nothing to do with the 1.07889 level that was used to enter into the short in my original post. Sorry but I still don't understand. Gabe

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You wrote on the chart that 1.07889 is a VERY VERY IMPORTANT LEVEL> I was looking to the left and saw nothing of significance. Would you mind clarifying? Gabe

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I agree with the reason for the exit and your explanation about a scalp turned swing makes sense as well. How about other possible entry points that I marked? Whould you or anybody say that they were valid entry points into short trades? Gabe

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English is not the problem With the same logic, prices could have moved higher also. My problem is understanding why there were no other trades taken at price levels that look obvious (to me). It almost seems that there are some traders that have ...

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I did, This is a more than 100 pip zone which as I stated seems too large for stops as the profit was just 136. Also there were other peaks and poles that could have been shorted. My question was - why not short elsewhere as well? When you switch to ...

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Assuming we would be back in time (at the right edge of each of my 4 charts) why wouldn't one short at those points? What is the significance of the entry point of the original chart? I added a daily chart showing what is to the LEFT and what I see ...

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Thank you. Gabe

Price is everything

Can someone post a chart showing the difference between S/D and S/R? Also, how does one tell the difference between consumption or rejection? Thanks Gabe

Price is everything

Thanks for your answer. Off to sleep. Gabe

Price is everything

I am still strugling with the idea of adding to a loser. With markers it would be easier to understand wether a 2nd and 3rd entries were once the 1st trade was profitable or they were just ADDs to a loser. You might say that it is irrelevant and ...

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Since you asked so nicely I will try. Now I have a request as well. The way people here post a trade, it is almost impossible to tell what was the entry time. Is there no way on MT4 (which seems to be the trading platform of choice here) to put a ...

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made 16 pips A circle means target was hit (green=profit, pink=loss) A light blue triangle pointing up is a long or a buy and an orange triangle pointing down is a short or a sell. Knowing myself, it was good that I had to leave otherwise I would ...

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A trade from this morning that I had to leave on its own (usually a good idea) as I had to leave.

Price is everything

Why would a statistical question deter people from posting charts? I have written about this before. Most of the charts here show only the successful trades and they give the impression that with time the system is foolproof which is probably not ...

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What would you say is the % of trades where you add to an initial losing trade (long or short)? Out of those trades where you add to an initial loser, what % ends up as a winner or BE for all positions combined? Thanks Gabe

Price is everything

Thanks for the explanation. Can you elaborate on the SLOWER TRADING TIME in the markets? Gabe

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If you saw a buying pressure with a move up, why is this a low risk short? There seems to be some contradiction in your assessment/statement. Please explain. Thanks Gabe

Price is everything

A limit order might have been the correct answer.

Price is everything