My targeted long entry is around 2630, based on the hourly chart plus we have to put in a second bottom before a meaningful counter trend rally.
That's why I have my stop where I do.
Ill advised trade. We didn't take out my stop but we will likely on this go round. I'll let it stop me out.--or turn into a winner.Long 2646.75 initial stop 2612.00
If I had waited until 2622, I'd be ahead 17 points now. My earlier trades were way too early. Reason--I didn't consider context of 3rd time frame. This is still precarious and could easily go back down and take me out since 3rd time frame still does not agree fully.I bought much too early. Entry should have been 2622 with stop at 2589. I'll let this play out and see what happens.