I was so bummed that I missed a great trade today. I saw it coming for several minutes. I actually took a trade going up to the level I was interested in going short. Todd B this is the answer to that question I posed in my second trade post here.
Let's take another quick look at the big picture from yesterday.
You see that LVN (Low Volume Node I drew on the the chart this morning? LVNs as in Sean's and other's teachings is a good place to look for a reversal. If and when they happen the first time they can cause a big move.
Here is the lead up. I actually took the run up to the level. I placed my Target where I did because I didn't want to get caught in the bounce that I was suspecting could happen.
I HAD to get up from my computer. I overstayed my time by taking the last trade. As I was getting ready to close down I saw this beauty forming. I won't lie. I got dressed for the day in front of the monitor watching this play out. It would have been a great trade with very little risk. If only the grind weren't calling me today!
Heck, let's just take a look on the chart.
I mean look at it all adding up. We have a LVN on top of a Strike Level that swept the highs of the current day!