You no I have played these fake break outs down for three weeks now and done very well out of that. But today, well that was a biggie and I did not expect it. I mean to me it dose not make sense, since it is widely believed the US interest rate will drop by a reasonable amount. I know the FED has stepped on toes and there is this bank thing but I am surprised to the reaction. That is my inexperience shining through and that is why I still have another job .Im not in a rush, if can do this I want to do it right.
I mean there was that rising wedge on the daily I spotted over the weekend. If that was a bearish signal how could it have formed over so many days before the news broke????
Really my mind boggles.
U did nothing wrong bro ...and besides we all know how good u are and respect yur view regardless .. confirmation just let u down ..its going back up anyways (i think .....lol)
because yur working also u didnt get the chance to get confirmation...what can u do ..i do know how u feel, trading while working is adding to the dificulty....
that gap on sunday was seriously huge .....i will never keep a trade over weekend because of it ...
just my take
