Sunday, April 19, 2009

Rationale for exiting last trade


I got out of the last trade because I noticed this bullish divergence in the OSMA and that Stoch were exhausted to downside. Also, the smaller candle bodies demonstrated to me that the down move was losing some steam. Plus I am going to bed soon and don't like to leave open trades unless I have locked in at least +20 pips. Seems good possibility for countertrend trade because indicators in H4 are in agreement with M30.

No comments:

Post a Comment