From Blindsight to Hindsight

What you are looking at is something that crossed my mind while talking to a friend the other day.

I said "Remember that 35 loss in a row post? I wonder how far away price actually moved since then..."

Well I looked it up today and sure enough, the very last trade from that post here was in fact the very last time the market was at that price since then, and it has moved 1,981 pips south... so... in the end because of this insane trend we have going on here, those 35 losers would have been nothing.

But, given that hindsight is worthless it also must be said that looking back at the past on a monthly chart shows ample reason to have taken profit. It makes sense that significant support from years back would be relevant to some degree, but we blew right through it.

In the end, although those loses would have easily been recouped by an insane amount, we can't bank on things like that happening. Regardless it gave me a laugh to look at :)