I received a lot of heat for last Idea, because again a lot of people got margin calls.
But cmoon guys. I told you possible scenarios, I pointed it out, where daily swing can take us.
I updated that scary ones should Close buys, hedge their longs when MHI was reached.
But there is one thing that I didn't notice.. I was blind...
I just wanted so much for those people to save their accounts, but at some point for some of them it was laready too late to do something. I tried to update frequently.
Let's take a look at yesterday's levels.
It was too big Sell presure on Daily cycle, my mistake was that I did not notice Wave 6 when making Idea.. wave 6 is one of the strongest daily swing trading waves on this calculator.
It was way too strong. 3 above... Sell starting right away on 1318. Market Heading point was 1317... It went stright up for sell, straight up to that 1318, where it got triggered..
I relied too much on all other levels, but they cannot resist wave 6... And it went stright down for that TP2.
I fail every time when I am trying to go against wave 6 swing... I don't understand why I did it again yesterday..
Then it got down and Broke Trend Identifier Sentiment.. that is not good... and that was it, dynamic swing gone... and there was no hope to break it... Standard behaviour after breaking TIS, sell on test back.
I am hedging this.. and sold right away at night when I noticed that Reversal zone will not be able to hold..
I am sorry for those who didn't survive. I cannot manage your trades guys.. But I did do wrong yesterday with going against wave 6 again.. and again, it proved to F me up.
Take care people... I wish you all a speedy recovery... for those who still are in, and survived this.. we have ahope for next week.. this time wave 6 is in Bulls favour.. I will post an idea Sunday.
P.S Yesterdays Idea below..