{quote} Wachturm that short should have not been taken. The move outside of structure was too big, once that happens structure is no longer tradeable. If it was a clearout move (very strong and quick move with quick reversal) then fine, but in this case was very steady consistent slow move. However you should have longed the structure after the demand gave away, that would be decent attempt. {image}
Ignored
thank you for pointing that out, it was a terrible trade
Gold potential short term bottom bake. Once after long period of down trend strong bull volatility kicks in its often a sign of bottoming. Simple info, but often relaible.
Gold potential short term bottom bake. Once after long period of down trend strong bull volatility kicks in its often a sign of bottoming. Simple info, but often relaible. {image}
Ignored
Gold short term up trend baked, built a smaller position on few micro sets, sold for 1.2 R in total.
This one would not qualify. Mind that its all relative to strenght of impulsive move. The bull impulsive leg is not significantly strong compared to how deep the whole pullback retrace leg is. Often best is to aim for shallower retrace legs (in terms of HH- LL drop ) as that indicates that bulls are accumulating strongly, in this case the whole pullback leg droped too much overall, so the impulse bull leg would have to be very strong for this leg to be considered as play. Goes to what has been explained on some 10 or 30 pages back, the depth of pullback leg.
(binned per thread starter's request) Market bottom rotation trad
