I shorted the FTSE last night seeing the bearish pin bar. I was a little cautious because the trend was still up so I knew that it was a higher risk trade and the market looked like it had lost momentum on the long side. However, I was wrong today as the market rallied and took out my stop.. Oh well, such is life in trading.. upwards and onwards!
This was most annoying. I had sold the DOW last night as you know with a 50 point stop and target. The price moved up and took out my stop before it plumetted.. it would have hit my target as you can see nicely. It's always difficult to know where to put your stop.. it can always be either too tight or too far away.. you just have to stick to your plan. In fact, I think in the coming days we may see lower prices.. all markets seem primed to move lower but they will do what they need to do
