Anglo set up hurts...

I began shorting anglo on the expected Downleg from RH3 to an expected RL3 to early.

There are the threats of a takeout by Xstrata still about. Trying to call a top on a long BO opportunity was overconfidence and costly, bringing me down from £44K to £23 K as the primary failing in that drawdown.

Expensive mistake.

As the pattern shows it actually took out RH2 and is an imperfect pattern in much the same way as the EURUSD pattern did too, thother contributor too the above losses. I have spent to much time playing the small moves in the pattern only for the pattern to be 'imperfect' and not conform.

I should just stand back and play the BO trade ie pick up at RL3 bottom and RH2 stop Buys..