Shocked…

30. Jul, 2010 1 Comment

Dumbfounded...

This trade went against me after I was WAY up only to come back to check the trade and finding myself completely on the opposite side of the market.

It bounced on the Wave 4 level, which I’m guessing acted as a floor. What’s going to happen next I have no idea. The market is taking off with such steam that I just said screw it and went in with it. Let’s see where it takes me.

I can’t figure out why the triangle’s distance was not met. I guess things only work most of the time and not every time. The funny thing is that I was ahead several times by a large amount. This has happened to me at least 3 times in the past couple of days where I would have ended up way ahead if I just took a profit.