(-40) GBPCAD h1 trading the counter-momentum will be tough

h1

Counter momnentum bias for GBPCAD. This is the type in which I can see the retracement leg being setup and I should by right not trade it.

Instead I went for it.

week2 GBPCAD h1 ihs counter-momentum 070115

Outcome

So this is what I get when trading the counter-momentum. I will term this as b3s4 on h1. After some dicussion with a fellow trader, I have gotten a revelation in that b3s4 is only good in h4 context, but not h1 b3s4. There is simply too little n certainty to do it.

If I were to do it in h1 context, then that has got to be more classy with better entry level and well managed risk.

week2 GBPCAD h1 -40 counter momentum 070115

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