I have a powerful signal here, bought breaking yesterday's high today. I had given up on Euro longs, and sold in disgust, which is a strong 'self-contrarian' signal. Whenever it happens, take heed, and act with haste after the market breaks a previous day high or low, since your exit. If you don't take the trade back, you will probably face one of those times when you exit a trade at the bottom, to then see the trade go your way without you...so, why face that irritating feeling? Fade yourself, when we're emotional, we're a reflection of the 'herd'. Fascinating huh?
Good luck,
Ivan Labrie.
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See updated post here:
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Imagine the bitterness and anger and frustration I would feel, if I wouldn't have reentered after I noticed I was being emotional about the trade?
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