Ok after my huge win I broke even on two trades yesterday. I'll note in a chart where they stopped me out, once you see it on the chart you'll see they were "stop hunting". "They" could be someone with a ton of cash or coordinated group or just computer trading algorithms. Stop hunting is where they are pushing the price to catch peoples stop loss orders. I should have went without one. Once I find myself in the same position again I have to remember that, I knew we were due for at least a dead cat bounce.
Ohhhhh man. I made a chart yesterday that I was gonna play. I had to work, so I was afraid of being away, not being able to make last minute change. Dang it!!! Wouldn't even of had to make any changes. Man kinda mad, would have made good cash!
https://www.tradingview.com/x/OFBlCsUe/
Trying not to be mad after seeing this, I need to just focus on that I made a I good chart and I'm trading well atm.
Here is that stop loss hunt.
https://www.tradingview.com/x/YyRL8TuY/
Ok after reviewing yesterday it's time to predict the future!!! Or at least try!! LOL
A little trick to help looking at a downward movement count is to invert your scale. This is basically like flipping around your computer monitor! When you learn 5 wave counts it's always in upward movements, making it hard for your brain or at least mine to count downwards. Here is an inverted chart count...
https://www.tradingview.com/x/e8QI8N5O/
Wow! Let's turn it around now!
https://www.tradingview.com/x/Ircjycks/
Safe to say a long position is a good play for the next day or so. However long it takes us to reach those zones. Might short from there for scalping or wait for the retrace and go long! This is not financial advice! This is more of my trading journal than anything! Good luck and Good day!
