Oro / DollaroLong
Gold -0.5% Loss
Time of entry - 10:30am
Reasons for
- strong bullish close above res
- retest
- waited for close of high bearish momentum candle then got in on next one to be safe as momentum was against me
Lessons learned
- Good judgement of PA by closing at 0.5% as candle was showing intent of going lower by breaking lows of previous 2 wicks
- Real trade was the support just underneath at 1711.60 as PA was much cleaner and had previously had a nice wick spike to it and took off straight away. Sort of tried to catch the bottom there
Reasons for
- strong bullish close above res
- retest
- waited for close of high bearish momentum candle then got in on next one to be safe as momentum was against me
Lessons learned
- Good judgement of PA by closing at 0.5% as candle was showing intent of going lower by breaking lows of previous 2 wicks
- Real trade was the support just underneath at 1711.60 as PA was much cleaner and had previously had a nice wick spike to it and took off straight away. Sort of tried to catch the bottom there
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