My GU buy had a nice setup.. False MOVE Maybe!?
Updated
SO amazing setup confluences were uptrend. fib swing off a break and retest. Bullish trend. My mentee Said something about the time and false moves from the banks when trading institutional, I didn't pay it no mind. Boom SL hit. Why? based on her analysis GU has been moving 12-2a in the wrong area, Pump and price for the false move to knock traders out like me. It was a great setup but the banks know what a lot of retail traders are going to do. Now I'm more aware and will keep the time frame between midnight and 3 AM Est in mind. I also made these mistakes 3 weeks ago when my other mentee said something about the time I was trading and I ignored it as well. Two newer people saying the same thing I should listen fashoooooo
Trade closed: stop reached
Institutional Trading Must Pay Attention. Great setup just wrong time
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