closed gold long entered short
trading aud and gold [xauusd]
- Thread starter padutrader
- Start date
long aud usd
i am relying more and more on certain structure of the market.....price action often is very fickle.......and can flatter to deceive and makes you often exit prematurely.. premature ejecting..out of position.
especially if we cannot fit that PA into the larger context of the market
especially if we cannot fit that PA into the larger context of the market
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closed all positions.......lost 30 usd.....out of 40 usd profit.
could not post charts
misread aud usd totally lost most there.....
could not post charts
misread aud usd totally lost most there.....
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short gold
Gold can be a mean motorscooter. You seemed to do alright with it. Not aware of your overall result.
Have you considered trading this on a 1m or 2m chart? 30s?
Even in demo mode, you can experience a lot fast.
Some of those "without warning" moves may have foreshadowed below the 5m chart's radar on a 1m or 30s chart.
Lots of hammers at support and resistance are able to form on those fast charts.
Being you are a trendline drawer that may work in your favor and who knows, it may be your cup of tea.
Why not demo that bad boy sometime?
https://www.tradingview.com/chart/XAUUSD/P8Kv04bj-GOLD-GROW-and-comes-to-resistance-line/
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