Thanks, this is one of those "where the rubber meets the road trades". I have learned to be patient and follow the plan, they often look bad but tend to pay really well. Carefully entered, one can get a nearly free trade, in the trend direction. Obviously, some do lose, however, can't help that.
The siren song is playing... I gotta stick my head in the sand for a few moments; going to go feed the horses, see ya on the other side.
sim long .72 SAR .52 Target a re-test of that .40-60 area flipped at .67 (bad fill, was trying to flip at .69-70) --> -5 ticks stop 20 ticks normal In-the-red add at .79 --> stopped out at .87 --> -28 ticks (total -33 ticks) Not reading this well today (as opposed to my usual reading well but trading like crap)
sim stop-limit to short at .52 not very confident, but gold also fast approaching its LOD :55 filled at .50, stop to be, target a test of 85 flat :57 stopped out at .25 on a tightly trailed (once) stop; had a hard target at 85.05 --> +25 ticks; rolling total -8 ticks (-10ish with comms) Tempted to get long here
sim stop-limit to get short at .21 will look to short as well at a retest of the previous HOD at .50-60-ish
I'm back, you guys are clearly leaning on the wrong side of the boat. Please step to the other side, thank you. Kid, looks like your read was correct... I added a bit more here, in for a penny, in for a pound I think. That was either capitulation, or the start of a big ass downtrend. I think that was the end of the down. Tough to tell.
IMHO, look at the metals. [Edit: or the grains, or the softs - and I started the day with a long bias, so I wanted to buy the break of 86.60 on a pullback, not fade it; probably due some rebound at lunch, though] This smells like China, not Ireland.