Clear sign show (S-T???????)

Should have been more convincing in my own analysis yesterday. I stated that i was 'sitting on the sidelines until a clear direction was shown'. Well that 'probablitlity' was identified yesterday but i didn't manage the possibilitites.

The D-T was shown as a clear reversal point and thus i didn't take adavantage of it. Although the top was reached in night trading a simple conditional order with a tight stop-loss would not have gone astray. I guess that is what this blog is for to detail my trading patterns and emotions.

A key part of becoming a successful trader is to bottle the emotions and trade the system you have developed and entrusted. Today has been a valuable lesson and one i will try not to forget.

Anyways here is an updated graph with my target area being hit perfectly and then rejected, in the few minutes since opening this morning the market has gapped down and currently around the 3950 area.



now waiting and watching to make my next move.

safe trading