I don't know for sure. But i understand what you're getting at, ie that i would be more inclined to pat myself on the back for my good judgment if the reversal panned out. All i can say is that there have been times when this has happened with other types of incorrect entries and during or after i've had the thought that i was simply lucky to get away with it. So even if this one did succeed i now think that eventually i would have come a cropper with trying these reversals.
Another matter here, which i've realised since, is that i am not yet ready to do this, in the sense that i haven't really properly tested a particular strategy for trading the reversal. I have one in mind and on the day i was trying it. The failure of the trade may therefore not eventually amount to a failure of strategy so were i to continue the testing, it might turn out to be feasible. The point really is that i should take the whole thing slower. Now isn't the time for trying new things, but more for consolidating what i'm doing. And when i eventually get to trying this reversal strategy, i should start with some papertrading.
Les
