All in all a bad choice of entry here, impatience to trade in the end, and then getting out too soon as the trade moved into profit.4pip loss that was actually a +15 trade on the next candle, however the entry was poor and the the indicators / price action hadn't lined up.
I was trying to second the guess the market without confirmation, in the end this is just throwing away money on a hunch.
- Retrace hadn't made it all the way to 38% level.
- Previous move was 70 pips.
- Trix was still bullish.
- Indicators + Price were not in agreement.
One good thing was I closed out early, because I didn't like the look of things, hmmm lots more work todo.
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