TT- you should have taken the single PD for +60. Having tested 32, and bounced back to 15's, for the move to continue, I would expect 00 to be tested after 32- that didn't happen. Also check RSI strength from 16 to 32 and then from 32 to 15 ! It's telling you something..... Sometimes waiting for a 3rd trough can be a mistake... as in this case. It turned out to be a "W" bottom - quite common. At almost 100 off the top,it really wasn't going to go much further..... Tough call.
Plenty of H&S / bump top ND's.Will that 3rd one drag us down tomorrow?
TT's long looked promising, but as he found out, was to fail. I can't say I wouldn't have done the same.... certainly the 100MA did us no favours today, nudging outside the 20's leaving losing trades in it's wake. Trade of the day was to take the open divergence left over from the weekend. Not my cup of tea as it was a gap up open, which can skew the TA . Not in this case though as it tumbled from it's 10K re test.....
I wonder if tony ( or anyone) had got in around 10K, would they have still held on with nearly a ton in the bag at the second calling of 16? A tough day.