This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Tuesday, August 31, 2010
WhiteHavenCoal : WHC : Uptrend : 5th Wave
WHC : 1ct shy of my stop loss yesterday. Excellent stop picking. I sing a different song today.
Went it dived yesterday it did casue some turbulence in my stomach. Confidence was shaken. Doubts assailed. Finger pointing and self blaming. Today it recovered the whole amount. With this trade I would like to see the full result of the setup as I see it. Dont be too panicky, anxious and nervous. Put your faith not in the market but in your setup, your interpretation of the data. Be patience.
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