Decided my bias was long prior to market open and positioned myself early on some price/stochastic divergences. The market had stretched overnight and my read was that it would pullback some of this loss.
The 1 minute and 5 minute charts were showing plenty of room to come back to their 21MA. As my early positions stopped during the pull back to 1132.5 i guess panic set in and i believed I had read it wrong and short positions were the go.
Of course when emotions kick in like this then the money starts to flow out of the pocket into the market.
As i watch the market bounce off the 50% fib retracement (1137.5) i take some heart that my early bias was correct - just my execution was rubbish.
A few hundred dollars down and off to bed really pi$$ed with myself. I now need to get back into it tomorrow and try and recover for the week.
