Saturday, 14 July 2012

Bad mistake.

Do some review for my mistakes.
 From this daily chart of DJ30 (before the last big green candle), I know that the rally around the corner but I THINK that there could be some small selling before going higher. That's why I posted on my blog "DJ30 on daily charts doesn't looks ripe to have a strong rally yet. But definitely is around the corner."

I was too concentrated on the "small selling" and look to profit from that. I should be looking to long instead, since the signals are clearly showing to go long.

Also, the hourly chart is showing a breakout of a falling wedge which is also a strong bullish signal.
I believe I showed this chart in the morning.

Sad not because I lost money shorting DJ30, but rather doing shorts when signals to go long are everywhere.
Sorry to those who followed me to short instead of longing. :(

No comments:

Post a Comment