Long to Month CAM R3

Backtest Weekly R3 here after rejecting Weekly R4 this morning. $AUDUSD $DXY $GLD $GDX

Commento:

3:1 profit margin with stop just below the weekly pivot.

Commento:

My stop happened to be exactly 1 pip below where this chart says it is... I am still in... by pure accident.

Commento:

The range for the month is clearly between Month CAM S3/R3 as shown.

Trade chiuso: stop raggiunto:

Dollar was just too strong. In hindsight the recent pop on NU that was followed by immediate selling is classic volume spread analysis (VSA). It was a great opportunity to short more.

Commento:

Though stopped out, this trade may eventually work this week and into next. Pay attention to this fork.

Commento:

As well as the descending cyan line in this daily chart.

Commento:

This Schiff fork on the day chart is also playing a role. Big confluence of intersections at the 2018 low apparently. Thanks @leefuri