BTC/USD LONG MISSED OPPORTUNITY LOL Dont you just love when youve got the perfect setup ready for the trade but miss the retest and to find out it went how you predicted and lost out on pips lol! Never mind we live and learn
Badtrader
when a trader ignores price action indicators ema's and trendterrible long entry by T.I forex trading desk.
the mentioned trader entered long the British pound and soon had to go into hedging to protect against liquidation
plus he had to load up on cash to not get liquidated.
LONG entry laddering down from 1.30 ish to 1.27.
priceaction incredibly bearish!
loss of short term attempt of daily uptrend change on may 9!
with setting a lower low ON THE DAILY.
daily couldn't even set a second HL.so weak.
possible reversal candle on may 10th.
bearish engulfing on may 11th. stuck under Ema's.
loss of 200 MA on may 14th.
Bearish ema cross on may 7th. after that free drop.
10 clear technical reasons for daily continued downtrend
no unexpected news that caused this.
plus :
trend/News:
British pound in a weekly downtrend since 1994!!
Brexit weakness.
trump called trade wars.
.british prime minister news caused uncertainty -all FUD.
macd histogram ticking down.
bearish cross on macds on loss of 200 MA.
downticking histogram since may 6th
RESUME:
NOT ONE SINGLE REASON TO GO LONG in this chart.
but an almost perfect short from 1.295 to 1.27
just enter at the 200 ma loss of support.
reentering the clear weekly downtrend for pound.
no daily RSI oversold buy signal until 1.286 on may 17th.
buying into this price is suicide!
nothing unprepared or not clear in the chart.
just a terrible trade and averaging down
into weakness instead of closing and hedging at 1.29
now stuck hoping for oversold reversal at 1.26 slightly bullish reversal candle on may 23rd
possible inv H&S on the weekly but unclear volume profile
Very very serious question for you guys.....why do guys like me who get NEARLY ALL OF MY CALLS ALMOST SPOT ON!!!!! get like 200 views with 4 likes... as seen here
but guys like this
www.tradingview.com
who were dead wrong and this
ARE GETTING LIKE 15,000 VIEWS AND HUNDREDS OF LIKES!!!
I really truly do not understand does everyone on trading view like loosing all of there money? do they thoroughly enjoy loosing more and more with every trade instead of making loads of money every trade and becoming rich is that really what they want... okay then...
Long $LTC if you want to make money my brothersMGD has been acting as resistance for about 6 days and $LTC finally closed above it. Huge void still not filled in, and we all know that voids love being filled in. Put my stop at the gold line near the end of the last stop raid, since stops have been cleared at that level there is a high possibility that price should not return to that area for awhile.
Come hell or high water my good men. Come hell and high water.
