august pivots 2

I started a new thread because the old one was long.

Look, I feel for everyone here because.... well... I am here with you. This stock was my biggest earner last year and I only started trading it in September! Then the music stopped.

Not sure a bloke with 12 years experience has an excuse for losing on a stock but I did anyway. I stopped out at 2.54 (if you recall) but then re-entered at 2.10 and 2.06. Wow, that was a happy day.

I know the long termers do not love the pivots thread but there are a lot of long termers who read it as well so it is a bit either way.

If you step back and take a look at the intra-day 1 min chart today you will see the strength. I believe a lot of it was shorts covering but it was still strong considering IO spot fell last night to 114.60.

Anyway, good luck to all. I trade this now because it owes me cash. Up markets are way harder than down markets for a trader because you find yourself having to stop loss on the reverse.