Well, hesitated again big time! Missed several 2-min pb10ema entries on the ZN, EUR after big move caused by non-farm payrolls report. Then, hesitated on shorting ES after short squeeze pushed it to 3-min 50ema. Also missed short on ER2 pb10ema.
Trade
02:50 - L EUR 1.2330 stp 1.2324 - trend, 2-min pb20ema after big up move
03:12 - Exit 1.2332 +2 ticks - taking too long (22 mins in the trade), nft
Note: Kept initial stop after entry because I expected stop gunning at 1.2329. As expected price run stops to 1.2327 stayed there a while then moved up. I held longer because charts remained positive. I exited eventually because price has not made any progress. The expected trend resumption has not materialized and we could be in a long sideways move. Of course, we know that after I got out, price moved higher just as if it only waited for me to get out.
Idea! CCI divergence on the 2, 3, 10-min charts was present when I entered but because of the strong up move, it resulted in a longer sideways action instead of a reversal before an eventual trend resumption.
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