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#3155
RS2OOO
Keymaster

Makes 100% sense hedgehog.

As for the short – I’d been planning that short for a couple of days and whilst the quick scalps did ok, the break-out looked fierce so I never entered, instead was planning to buy a successful back-test.

Then within minutes the move was being undone and it was too quick to make a rational trading decision.

In hindsight the 5 min MACD divergence behind the DOW move was perfect, but it took 10 minutes to validate a short entry, by which time DOW had already lost 100 points meaning 100+ point stop level on a trade with just 15 minutes left in the session.