This was not a good trade. It was nearing 11pm and i was just tired.
The premise for this trade was sufficiently reasonable, a Low 2 short at the EMA and a Double top bear flag, but i feel i did not manage the trade as well as i should have. The Market made few attempts to form lower prices and each time it sold off, the bulls bought it back up. This could mean cumulative buying pressure and also an increased likelihood of a trading range forming. In which case i should just have closed the trade when the 3rd push down was bought up. Got stopped out for a 14.6pip loss.
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