Out at 26.50 for -2. Was looking good till that last bar. Will be on sidelines till evening session now. Good day to all.
You seem to be swimming upstream. Are you keying off a level for a reversal or just fading the down moves?
I was long from 23.25 as well, it looked like we might get a slight move up there (maybe the "3pm reversal") but I suppose not...
Well i am trading badly, instead of going with the trend and making money and have been going against it. I will be looking for another long however, this is a balance day and its rare to have big spike lower on days like this. I have a longer term buy signal that why i am trying to play it intra-day. Will wait for price to confirm if i am right - otherwise i will stick to the sidelines.
Again long at 21.50. Tight stop, big R:R on this one. Yes bottom fishing i know, and extremely bad trading.
Ok, I see. Didn't seem like your normal style. This shows why it is so hard to trade a bear market. The rallies tend to be so quick you can't wait around for them, but you can burn through a lot of stops anticipating them.
The sad thing is that I was looking for that breakdown on the 60min all day, but didn't figure to take a long-term short around 2pm...
Your right - i am very scared of going with shorts today because i am expecting a sharp blast against my position. This is why i am more comfortable being a bottom fisher. I don't know what's up with my mentality today - i have came into today with a big bias which i think has affected my decisions.