Any long term strugglers out there?

Ya bailed out too soon. Good trading nonetheless. :)

I have my sight on 87-ish as the target and I'll be a happy man, and a richer man, should that happen.
 
schizo said:
A chart with only a single entry is not very helpful. In order for me to decipher an "underlying pattern", I need to see more...a lot more.

With regards to NoD's comment about contextual pivot levels, yes they play a crucial role, especially when tied in with S/R and Trendlines. But she might be in touch with ET. Her level of understanding is way beyond my earthly comprehension. :)

BTW your trendline is not drawn correctly. See the attached image. As you can see from the chart, IT IS WITHIN THE TRENDLINE.
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Ah... thanks for the correction. Mine was drawn as a channel in mind, so the upper line was just a copy of the lower line with the same angle. I can see how the way you drew it certainly makes it look like in this, that entry could have been based on the trendline.

I personally don't like diagonal trendlines though. They are far too arbitrary, and I much prefer levels, since horizontal lines can't really move... price either breaks a level or doesn't. (the trick of course is to figure out if a level is being protected or penetrated, or if it even matters to anyone else at that point in time. :D)
 
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schizo said:
I can feel the ground shaking beneath my feet...the landslide.
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The price action really illustrates the difference between the long and short side..i.e. trapped longs vs trapped shorts...always felt the longs get more opportunities to bail, while shorts know they are f'd pretty quickly.
 
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