Quote:
Originally Posted by SIMBA
We have a Dragon at GJ m5..I entered a short at 212.59 ,stop at 212.95..target 212.25...let`s see if it works or not...additionally we have a potential dragon at m15 too,buy this latest is not yet developed.
Please see attached
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Trade was stopped out at a loss of 36 pips..I love to check why something failed...I don`t have an answer yet..BUT..potential reasons:
1-M5 is too noisy a tf...Not so..."all markets and timeframes"
2-trend?..I define the trend using the stlm2..so,I checked both m5 stlm2(supported the trade)..and the inmediately higher,m15..was against the trade..check pic...so,we have a potential way of improving the pattern(starting hypothesis..higher tf trend must be supportive?)..let`s see.
Additionally,we still have a potential Dragon in the making for GJ M15..so,we will probably be able to test this pattern again,very soon.
If you find any Dragon "in the making" or already made,please feel free to post it.