On bigger Tf the gold was extremely bearish with M1 & W1 giving very strong volume to the downside.
As 1900 level was a good support what I see is Gold trying to retest those levels before this week ends.
LOW RISK trade as the trade is against the trend for my analysis TF. (~2-3%)
Target levels and SL as marked on charts.
Will update in the Miami Session.
As 1900 level was a good support what I see is Gold trying to retest those levels before this week ends.
LOW RISK trade as the trade is against the trend for my analysis TF. (~2-3%)
Target levels and SL as marked on charts.
Will update in the Miami Session.
Trade closed: stop reached:
It is important to understand as a trader that Stop losses are a part of it.
not updated this trade as it was instantly in the wrong direction of my Analysis & profit expectation.
But, since I wasn't so sure about the trade I went on with a Low margin + Strict Stop Loss ( as mentioned in the description).
Could not update the idea right then as I went through immediate Disappointment. Now understand my mistakes and strengthen my psychology as Trading is not finance it's psychology.
'Losses teach us more than profits ever will.
Will be glad if it helps the community.
not updated this trade as it was instantly in the wrong direction of my Analysis & profit expectation.
But, since I wasn't so sure about the trade I went on with a Low margin + Strict Stop Loss ( as mentioned in the description).
Could not update the idea right then as I went through immediate Disappointment. Now understand my mistakes and strengthen my psychology as Trading is not finance it's psychology.
'Losses teach us more than profits ever will.
Will be glad if it helps the community.