That's what I was trying to do! You have to go with probabilities. There's another one, now, that I am going to close on. My experience is that whipsaws start to happen from now, until the Dow opens.
Split,
Despite a good opening this morning, traded terribly just now doing exactly what I ticked you off for the other day.
Should have waited for things to settle, there are opportunities everywhere.
It's all in the mind - the other day when you were trying to catch tops I was calm thinking 'what the **** is he doing'. Today I got into a frantic space and did exactly the same thing, looking at it all now makes my stomach turn.
See the helmet now you've pointed it out. I see a lot now I'm out of the trade.
Most annoying is that the space of the main movement for the day I identified as being short between 4389.2 and 4341.5, first thing I posted to make sure I'd written it down. I was sure it would be down from that first level to the pivot eventually, and I was right but the false breakout threw me.
So if I'm sure the move is down, and I see the breakout is false, then why am I trying to chase longs in a falling trend heading down to the pivot where I have already stated my trading plan is based on its ending?
Down on the day now, down and out. My set up is only based on this morning and its shot now anyway, no idea whats coming and don't like the pm so I am off to clear my head.