So I made a bad trade today. Haha. Bad because it wasn't according to my rules of trading only when 2 colours are consecutive.
BUT... I have a justification. So on Monday, it was a red bar. On Tuesday it was green - so theoretically no trade right? However, it had gapped downwards on Tuesday, and it had a lower high and a lower low compared to Monday, plus although it was green, it closed lower than Monday actually. The whole reason for the double bar rule is to wait for a strong trend.
So I went in on Tuesday at 2359. Set an 8 pip limit on Tuesday's close. And bam, 4% profit. So far I'm up 13.6%. Let's see where this takes us in a year.
Yours,
X
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