just taken this gold trade - lets see how this works
just taken this gold trade - lets see how this works
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review - basically i was trying to play head and shoulders patter,
but i did not wait for breakdown (too eager)
also the candle sticks had long wicks , meaning buyers were coming in.
also should have noticed , the price (after being down), was trying to reach for the moving averages again, so basically in hindsight, either i should have waited for pattern to break or taken a long trade based on candles and moving averages,
i did end up opening a hedging trade which is still open (as price started moving upwards) , hoping to minimize or eliminate the losses. will update when that trade finishes
but i did not wait for breakdown (too eager)
also the candle sticks had long wicks , meaning buyers were coming in.
also should have noticed , the price (after being down), was trying to reach for the moving averages again, so basically in hindsight, either i should have waited for pattern to break or taken a long trade based on candles and moving averages,
i did end up opening a hedging trade which is still open (as price started moving upwards) , hoping to minimize or eliminate the losses. will update when that trade finishes