S & R breaks all the time, and may at any time do just that. If you're "wrong" about your trade, are you following your plan, and is it plausible?
If you flip your chart (DO it - don't just think!): Would you go long or short?
Often, to see what is there, we need to forget what we think we know and try something "foolish". Seek what most people are afraid of - ie. being a "fool".
SS, we can act the fool, but should never become one, for fools and their money are easily parted.
We are going round in circles here, and this is the way it always is, and will always be, for most.
Sometime ago, a chap on ET decided to do a journal for trading CL, and when I saw it, I knew he would not last, as you can not trade CL effectively with small money, as the Nymex gang are notorious for erratic CL movements, which is why I ever only use options to trade CL.
When I seen this chap losing $400 a day, and then stopping, I knew he was doomed for failure. I am not sure if has resumed, as I rarely read posts outside this thread.
You must know when to stop, and find another market or instrument that you can trade effectively, for trying to prove the impossible to yourself, is being a real fool.
We should all know the drill by now, and the main thing to remember is that it is your money, not anyone else's, so pay very little attention to what people post on the internet, especially if you do not understand what it is they are talking about.
I use riddles for a reason, as I know people can lose a lot of money if they think something I said will make them money, so I prefer that they think seriously about what I say, and only act on it when they have proven to themselves that it is correct information for them.
After all, who in their right mind, would listen seriously to a person who openly states, that...
the only thing I know, is that I really know nothing
J_S
