Still have no proof that I was right or wrong by moving stop to BE (break even), time will tell. However I'm going to lean towards being wrong.
The main thing I want to take from this is the importance of the the last swing (not the last several, like my emotions made me entertain here). If I want to short, my attention should be in the action of the last swing high. Were there gap ups or pivot lows between my desired entry and profit target? If so these will likely be a problem as supply and demand will be more balanced and there is likely a higher probability bet out there for my money. That being a bet with no issues between entry and profit target from last swing (a stronger supply/demand imbalance!).
The main thing I want to take from this is the importance of the the last swing (not the last several, like my emotions made me entertain here). If I want to short, my attention should be in the action of the last swing high. Were there gap ups or pivot lows between my desired entry and profit target? If so these will likely be a problem as supply and demand will be more balanced and there is likely a higher probability bet out there for my money. That being a bet with no issues between entry and profit target from last swing (a stronger supply/demand imbalance!).
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