Yesterday, I published a bullish trade idea on gold. It was a nice setup with fib, MA, momentum, demand zone, you name it... But it ended up with failure. The zone got violated in the middle of day(Beijing time). I observed the US 10Y yield started to go up again with a intra day rally of over 3%. Hang Seng index fell with Nasdaq. That also weighed on gold and BTC. Luckily, China market closed 0.5% higher at 3 p.m. At least, clients can have a not bad weekend.
Stop loss is something traders need to deal with. As my key zone on 1H violated, I changed my short term bullish view to bearish, also, the daily is downtrend. I got both my little buddy and big buddy on my side!
From the chart, I marked two possible entries, with one inside my previous buy zone.
To increase the winning percentage, trigger mechanism is necessary. I will look for price action on 5m. However, everything has two sides. I need to be in front of screen for price action setup.
Stop loss is something traders need to deal with. As my key zone on 1H violated, I changed my short term bullish view to bearish, also, the daily is downtrend. I got both my little buddy and big buddy on my side!
From the chart, I marked two possible entries, with one inside my previous buy zone.
To increase the winning percentage, trigger mechanism is necessary. I will look for price action on 5m. However, everything has two sides. I need to be in front of screen for price action setup.
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That's why trigger matters. Price touched the two zones after I slept. I saw higher high and high lower formation(trend continue pattern). There is no short entry. I would make the same decision if I am in front of the screen. 
plan your trade and trade your plan
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plan your trade and trade your plan
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。