Thanks for this information Chartsy.
I don't see any signal to go long on 10/08 other than the fact that price has fallen back from where it was 2 days earlier - i.e. it was cheaper. But a cheaper price is no rason to buy.
I scan a number of different systems to generate swing positions but none uses intra-day time frames, just EOD. It was clear on 10/08 that the uptrend to 06/08 had potentially ended or was in a dip. Assuming you would have been out of any long from June or July by this time, confirmation was required before going in long again or going in short.
For me the second close below the 14EMA on 12/08 was confirmation of selling pressure. This was reinforced on 20/08 when price penetrated the low of the previous swing low, 21/07. I don't see any buy signals later than 22/07. 17/08 was a potential day for buying on resumption of the uptrend but was based on a swing low that was not higher than the previous, 22/07, they had equal lows, and if you had gone long on this signal, then the position would have been stopped out on 20/08 as mentioned above and a short signal given.
Accordingly, you should now either be short or in cash, so, as you're in cash, you're not in as bad a position as you could be. The glass is still half-full mate.
