[Cyclon]

Well I checked that one out very carefully and it gets scratched up to operator error. That's what stops are for. I got a little complacent to not recheck my criteria before making a trade.

This formation has grown but I did not move the analysis along. I had done so as appropriate a while back but ASSumed it would not have changed since then. Live and learn.

Applying the correct template would have been all that was needed to see this was not even a pullback evaluation let alone a secondary setup trade.

Two good things come out of this.
1) I saw my mistake and learned to do a recheck even when I don't think one is needed.

2) The system did not have any problem so will be giving me another shot.

As a matter of fact this was verifiable exactly the same way (method wise) on two equally valid timeframes and came out with the same answer: No Trade.

One was off 3/20 low and the other was off 5/9 low.


Next time I plan to follow my own system (Even though I thought I was).

Will post another.

Cheers,
Cyclon