GU:
This could either work out good or bad. Like my second GJ trade today, I did not have the TP for this trade set as a pending order, just in my mind. As with GJ, TP1 was reached, but I missed it.
Good will be if the price drops further next week. Bad will be if not. I could kick myself for being too involved here to better monitor my trades. Fortuately, the big volume on M1 is prior to this drop during the last minute of the market, which makes it look more like the market makers pulled this off to quickly get price lower to build in profits on their positions. That means next week the price will have to be in this area, or lower, so the market makers can take profits. I doubt there was enough market liquidity in the last minute of the day for them to have both torpedoed the price and closed out.
-tah
This could either work out good or bad. Like my second GJ trade today, I did not have the TP for this trade set as a pending order, just in my mind. As with GJ, TP1 was reached, but I missed it.
Good will be if the price drops further next week. Bad will be if not. I could kick myself for being too involved here to better monitor my trades. Fortuately, the big volume on M1 is prior to this drop during the last minute of the market, which makes it look more like the market makers pulled this off to quickly get price lower to build in profits on their positions. That means next week the price will have to be in this area, or lower, so the market makers can take profits. I doubt there was enough market liquidity in the last minute of the day for them to have both torpedoed the price and closed out.
-tah