Using these indicators I placed a bet today. All the indicators were pointing down.....only for the market to rebound spectacularly in the wrong direction. Severely depressed I feared for my sanity. OK, not that bad, but you get the picture, then the market swings violently right back to near where I feel a bit light headed. As I write I'm still down, but at least I can stop hitting my gonads with the hammer, to take my mind off the sever pain in my wallet. Check the Dow Jones about 13.00 hours 15th May, you will see the scale of my woes....What I would like to know is this normal. Also I was very liberal in setting the stop loss, so I wasn't stopped out. I'm nearing profit now. I'm relatively new to this and I'm still finding my way around, so any comments about the placing of the bet, and the Liberal stop loss will be welcome.
B
Black Swan
you forgot to insert your images, so here's an important one for you, and a quote that may help, plus a You Tube link to the full speech 
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Blake: That watch costs more than you car. I made $970,000 last year. How much you make? You see pal, that's who I am, and you're nothing. Nice guy? I don't give a 5hit. Good father? Fook you! Go home and play with your kids. You wanna work here - close! You think this is abuse? You think this is abuse, you cocksucker? You can't take this, how can you take the abuse you get on a sit? You don't like it, leave.
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;Blake: That watch costs more than you car. I made $970,000 last year. How much you make? You see pal, that's who I am, and you're nothing. Nice guy? I don't give a 5hit. Good father? Fook you! Go home and play with your kids. You wanna work here - close! You think this is abuse? You think this is abuse, you cocksucker? You can't take this, how can you take the abuse you get on a sit? You don't like it, leave.
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jiggly
Well-known member
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not that I have checked the chart which you mention,
but to answer your question, yes, this is completely normal, what you are experiencing is normal. not that this particular instance has anything to do with any further instances, but you could get stopped out on any trade as you are only dealing with probablilities. the market is always right, she is judge and jury, what she says goes, without dispute, if you argue, she will punish you more for not knowing your place.
as you mention, you are new to this and still only finding your way around, you have a lot more to learn and still you will make the brother, sister and cousin of all the mistakes you thought you had learned from, she does not play fair until you learn to respect her and her habits and have complete control of yourself in her presences. like a very fine women, she does not tolerate or like letches, out only out to seduce her. she is happy to keep enticing you and have you chase around after her, even though you have been subjected to the sidelines while you just fawn over her.
good luck, the road is long and their are no guarantees it will lead you to where you want to go.
good luck.
I love that film.
Trading off stochastic signals (or MACD histogram reversal signals or MA crossover signals or RSI reversal signals or whatever) is not a magic formula for automated success. These indicators can help confirm your TA of direction, support/resistance levels etc. but your primary indicator is price itself. A very helpful free resource is the YouTube videos put up each day by InThe MoneyStocks.com
Trading off stochastic signals (or MACD histogram reversal signals or MA crossover signals or RSI reversal signals or whatever) is not a magic formula for automated success. These indicators can help confirm your TA of direction, support/resistance levels etc. but your primary indicator is price itself. A very helpful free resource is the YouTube videos put up each day by InThe MoneyStocks.com
