Monday, June 16, 2014

Week 25





hold gold long till end of session:
clear re-entry:
common move after 50% pullback enter long!
placed stop to conservative, got stopped out prior to the downmove, conclusion: expect the retracement so either enter after the retracement or with a more loose stop earlier.
forgot to place a sell stop order, missed the downmove, conclusion: place stop orders to enter the market or re-enter on retracements after the breakout

placed stop to conservative: conclusion place stops at the trendline
common move in gold: it goes down and then up again, conclusion: use this change to enter a swing long trade

clear trend change to the upside, conclusion: dont be scared to trade simply follow the rules and go long on a higher low (50%)

placed the buy stop to conservative, got stopped out prior to the downmove, conclusion: next time better place stops at the trendline
much lower risk at the 50% area around 4.76, conclusion: next time when the direction is clear I will enter with lower risk earlier
forgot to place a buy stop order, conclusion: I missed the up move

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