If you like to counter-trend trade, you got to pull the trigger as soon as you feel that price exhaustion. That's when you can have a super tight stop, low risk.
Great entry on that trade, that's where I normally enter a trade. No idea why I hesitated to pull the trigger :eek: EDIT: On a long @ .73 I'd have locked in 20 ticks profit when price hit previous S zone (86.01) and stalled, because the former uptrend had reversed and that would be a zone to sell short. EDIT II: Also I just noticed that is where one of those orange "pivot point" lines is. I added those a while back and really have found no consistency to price reacting to them. It seems 50/50 to me. Does anyone use pivot points?
Now stop it. But it sure felt like it last month. Can't remember how many times I got stopped out to the T. Anyway, am I the only bear around here?