I took a nice Gold trade today. You can see that Gold in the medium term seemed to be heading lower and the retracement found strong resistance around the 1711 level causing a pin bar sell off. I placed an order to sell on the break of the pin bar targeting previous lows around 1696 which is 5 points. This trade hit nicely and all within around 20 minutes!
Crude Oil had bounced off the 10000 level for the third time and I sensed that this could be a big move shorting it with a target of 200 points so so. I shorted as the price action recoiled from the 10000 market, made a little bounce and continue south. However, the market didn't play ball today and took out my stop at 10020 for a 70 point loss. The immediate spike down shows that there is strong resistance and one could be tempted to short it again but the following 1 hour bar shows stro
I've not been about for a few weeks.. there are times as a trader when you need a break to research, read and practice. I believe that's it's important to always be learning when you're trading the markets as you can get clutter which can be a result of significant emotional feelings when trading.. ie when winning a lot, when losing a lot or even if you don't win or lose but feeling that you're not making progress. It's important to take time out and reflect. Me personally, I've been having quit
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