Tuesday, 7 July 2009
Was this a missed trade?
The Price/Bollinger is a double break through and back under.
The RSI shape is tight and sharp.
The max RSI is only above 60 rather than 65 or 70, so it's only in Group C but they can and do work.
It is a faller on RSI but only from 63.2 to 62.9, still counts as a faller though.
The distance from the entry level on Price to the top of the M is greater than the distance to the middle Bollinger line - this is what stopped me. The initial potential reward:known risk ratio was below 1.
How do I rationalise missing out on a trade like that? It's simple, it didn't meet one of the criteria, end of story!
cheers theory
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