Two very simple things I could have done to prevent this; 1) Keep my stop where it was. 2) Enter on the trigger NOT within the chop. There were two triggers (down arrows on the 5-min chart which were also my entry and stop out points) where the fast line either turned negative or pulled back. The concept was very simple; range, break of range, retest, continue.
I must have entered short 5-times within that range in the early afternoon prior to it breaking out. Just taking small losses or scratches, but piling up the commissions. There was no need to be short when the fast line was green, or until price proved a breakout of the range. When it started going my way I bumped the stop down to breakeven+commissions and got stopped out. THEN when it reversed (3-cents beyond my s/o) it ends up doing what I was trading it for; and when it did I didn't want to get in after the long range bar b/c I "didn't want to chase" (notice how much of an adverse move followed that triggered entry wide range bar (7-cents).
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