It seems my patience paid off waiting for a better price. Phew thanks goodness I didn't take that trade last night cuz look where the price ended up. Not all is lost since i'm now closer to my target entry point of 115 I'll wait till the weeknd is done and maybe take a position on this pair when market opens on Sunday.
Have a good weekend!
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waiting for entry too.
ReplyDeletedo you recommend setting a market entry order, or do you just wait it out by watching it and trying to spot the bottom?
it seems to have bottomed out at 118-117 range so far
Yes I would recommend an order entry as long as you are confident in it's price action. It seems My suspicions on Friday vefore market close were correct but my actions were incorrect. I should have taken that trade near the 116 level.
ReplyDeleteMost times I enter my trades manually since I'm constantly monitoring my trading pairs and Correlative pairs, and checking signals for confirmations.