TATA STEEL FUTURESДлинная
Loss analysis
Big green candle influenced me to enter in the trade.
But, just after my entry not a single candle crossed my entry level. 4-5 candles of consolidation and then price breaks in downward direction.
Again after a fall, price seems to reverse. It made a green big candle, then price starts to accumulate for 4 candles, after that gives a breakout. Again it looks like price has started to move up but, it never crosses the big breakout candle, instead just after breakout, it started to fall down. After the fall i noticed that the breakout was not real, it was just forming the small rising channel pattern.
But, just after my entry not a single candle crossed my entry level. 4-5 candles of consolidation and then price breaks in downward direction.
Again after a fall, price seems to reverse. It made a green big candle, then price starts to accumulate for 4 candles, after that gives a breakout. Again it looks like price has started to move up but, it never crosses the big breakout candle, instead just after breakout, it started to fall down. After the fall i noticed that the breakout was not real, it was just forming the small rising channel pattern.
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