Noooo i want them all I'm relatively happy with the fact that i did not at least try to increase size and the fact i have shutdown the system. This way in the long run i will hopefully give back less gains than i make. I hope things are going much better for you Honda. I'm sitting watching the rest of day and going over all my mistakes.
On a minor downtrend on the 60min . I guess that 5 wave moved followed by the ABC was perfect for elliot wave boys. Im seeing a break from balance here which often means nice trending day. Im short at 71.75 to try to jump on the weakness here.
Has to stay below that 73 region if this is going to be a big move. Otherwise i expect a drag back to value region. They say never to fade a break from balance so i am simply trying to go with it here. Still high chance that we get back to 83 zone but the reward for going with the shorts on days like this can be huge. Risk to reward on this trade is very favourable - i have 1 point risk on this trade right now and may move it to even. I don't want to see a 'W' bottom here on 1min- will tighten stop if need be.
Ideally a perfect short would have been at the 76 region today. I think bulls still may be strong. A break below 64 today would be a big tip in strength back to the old bears who have probably been licking their wounds as of late. I wonder how many Bears have stops above that 1400 level?? I want to see a move 57-59 region next few days.
That did not move much in my favour. Expect to be stopped during RTH. Still holding it however. Will try to prey on any weakness today.
Weakness will be indicated by only partial Gap fill before breaking. Lets see what happens at 75-76. I will try my best to go with trend today as much as i can unless its a very choppy day.
Trying another shortie here. Shorted again at 73.50 - tight stop. I should have waited for that 75 level to be tested before getting short here. Most likely be punished for my lack of patience.
Holding this SOB - would be demoralising for me if this turns against me now and stops me out Still needs to break this overnight low if we going to head down any further.
You do realize you have a lot of factors against you. A short is not a good idea. You got 1) fill the gap 2) over sold on the RSI and etc. type of factors.