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Every day will not be a good day 8/14/13 (YM – 20 Pts)

Friday, August 16, 2013 6:07
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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.
B4INREMOTE-aHR0cDovLzQuYnAuYmxvZ3Nwb3QuY29tLy13djNYU2gyX0huTS9VZzRXN01LVnF4SS9BQUFBQUFBQUMwOC9SdnI2NktZakJ2SS9zNjQwL1lNKzA5LTEzKygxK01pbikrKzhfMTRfMjAxMystMS5qcGc=
I was looking to get long, check out the 22 pt profit target, note the stop below the PP.
B4INREMOTE-aHR0cDovLzMuYnAuYmxvZ3Nwb3QuY29tLy1pU0l6YXBZMTVyby9VZzRXLU43czQ4SS9BQUFBQUFBQUMxRS9aaEJpQWxTZWNiYy9zNjQwL1lNKzA5LTEzKygxK01pbikrKzhfMTRfMjAxMystMi5qcGc=
Not looking good for my long, PP broken.
B4INREMOTE-aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tLy1Kc3UzSTFJdWJVMC9VZzRYQXBfOTcwSS9BQUFBQUFBQUMxTS9qSGJQSWJNazlDOC9zNjQwL1lNKzA5LTEzKyg1K01pbikrKzhfMTRfMjAxMystKzMuanBn
 DM by far is favorite indicator.
B4INREMOTE-aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tLy1QcHdBQkZxcnZKSS9VZzRYRUpXNl9fSS9BQUFBQUFBQUMxVS9GV2FNQkVURGdJSS9zNjQwL1lNKzA5LTEzKygxK01pbikrKzhfMTRfMjAxMystKzQuanBn
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

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