Unsuccessful Trade - UT
Learn about the need to wait for the Snake to contact with the candlestick, wick included, before reached A300, to be considered as a valid SRDC trade last Monday. And the lesson was applied on the 29th Aug! What a coincidence! So far, this is my favorite; because am able to explain a more solid reason for the trade.
10:00 - A300 origin locked at the previous hour. Wanted to trade, but snake has not make any contact yet. No go.
14:00 - Finally, snake contact with wick of candle. But now, need to wait for the next A300 origin lock. The previous one at 10:00 doesn't count anymore
11:00 - 17:00 - Monitor by the hour. Almost Midnight!
18:00 - Finally went in.reason being: (1) Origin lock (2) Contact Snake at 14:00, (3) 17:00 candlestick crosses the 2nd Ambuyat base line (4) Potential 500 pips becuase of No. 3... Somehow I just set T/P at 300 pips, just to fullfill 20 wins.
10:00 Next day - Make prefect sense. Got my win. Furthermore, candlestick drop by 950+ pips!
1.Order-Time-Type-Size-Symbol-Price
2.S/L-T/P-Time-Price-Swap-Profit
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