classic case of correct anaylsis but miss the move..... went to bed place my stop at BE my anaylsis pointed for an explosion but they came back and tested the level while I was sleeping only to launch off without me....
thx man I managed to get short within the 20 ticks from the exact high last week... amazing trade so far. Looks like it still has quite a bit further to go. These other trades have just been add ons.
I used to do the same, then I figured out that my trailing stop formula had to be just as good or better than my entry method. B1S2 dropped gold mines on this.
So many ways, in Wycoff terms that breakout above 1421-22 was a jump over creek then back to ice @ 1422. Classic Wyckoff pattern. Resistance becomes support yada yada all the same.
3-sigma moves can continue at 3-sigma for quite a while. Big moves typically oscillate between 1-sigma and 3-sigma as they progress.