Gold [M5] Bias is long but I'm being stubborn and wanting price to meet my terms (ie closer to the 1500 handle for a long). {image} Masterrmind..............
{quote} Nice bearish bar now so lets see if the bears can get price down to my level. {image} Risk is taking the long and having the bears continue with their run down the chart but at this stage I think that's unlikely although possible. Often I like to make an entry after a favorable M5 candle close but the negative to this is that entry price is not as low as I might like and in fact in some cases it might mean that I simply do not take the trade based on risk and missed opportunity. I'll be looking for some 'confirming' PA in my ZOI. Masterrmind................
{quote} 1500 long for those traders who want it. Masterrmind.............
Short CHFJPY Masterrmind.............
{quote} First 2 losses, one at about 5% and the other at 3%. Ensured that Initial capital remained preserved meaning positive gain showing at just shy of 2%. However down about 6.3% this month. Plenty of time left in this month to effect full recovery of the drawdown. Looking forward to the next bout of trades. Masterrmind......... ☺
{quote} why arent you using stoploss? atleast somewhat wide..
Long on Gold ... Masterrmind .........
{quote} Closed out 1 trade on Gold erasing one of the previous losses ... now to work on recovering from the other loss. Masterrmind.........
{quote} Normal for draw-downs, just part of the process. Trade safe
