Need help on messy practice trade....
There are probably a few things wrong with this attempted practice trade. Please help. Figure on right I have ID many demand zones. Because there was a bearish trend starting after the 28, the bullish zones the downward trend passes gets invalidated I presume. I used the pink large zone for a possible superman entry and once triggered the alert I went to 5 min window (left figure). The blue line indicates the top of the pink large zone on the right figure. This appears to be a bearish trend, and one of the reasons may be I went against the trend. Secondly, I should have perhaps placed entry at the black arrow with green engulfment candle as confirmation in purple. Nice to learn from the mistakes, but need some thoughts into what I could have done better. Thank you. One burning question is........is it proper to use the pink bullish zone as a trigger alert for superman?
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Rick Shin
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Need help on messy practice trade....
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