Hello traders, for those who care for Gold!
I decided to start a new journal for 2017, it would be appropriate for me and my trading plans.
So, on the chart, I got in this trade shortly after been taken out earlier.
I waited for the pull back to some resistance, wich was the latest highs, and got in according to my plan.
Speaking of wich, I use CCI(20), EMA's: 20,50,200,600 and support/resistance.
On the chart, you'll see the CCI was not in compliance with my judgement because it was below 50. According to the CCI and my plan, I should of bought at #2 wish represent the bull candle at #3. Or the following candle. I only use CCI to time the entry. Target around 1250.
Any ideas you want to share or comment, feel free and be responsible.
Happy trading!
Matt
I decided to start a new journal for 2017, it would be appropriate for me and my trading plans.
So, on the chart, I got in this trade shortly after been taken out earlier.
I waited for the pull back to some resistance, wich was the latest highs, and got in according to my plan.
Speaking of wich, I use CCI(20), EMA's: 20,50,200,600 and support/resistance.
On the chart, you'll see the CCI was not in compliance with my judgement because it was below 50. According to the CCI and my plan, I should of bought at #2 wish represent the bull candle at #3. Or the following candle. I only use CCI to time the entry. Target around 1250.
Any ideas you want to share or comment, feel free and be responsible.
Happy trading!
Matt