(Before It's News)
No regrets on the trade, if it would have worked, I would have taken full credit for it, the same for a losing trade. I was down as much as 40 pts, I was able to get some of my losses back with the last trade. The market continued to sell off, I was already done for the day after I made back some of my losses.
 |
I was looking to get long, check out the 22 pt profit target, note the stop below the PP. |
 |
Not looking good for my long, PP broken. |
 |
DM by far is favorite indicator. |
 |
Notice the horizontal lines I placed to show where the new S&R is at, price went below S… I was out of the market. |

Source:
http://www.trincafe.com/2013/08/every-day-will-not-be-good-day-81413-ym.html