TRADE, GOLD, 3.10.2016

TRADE SUMMARY: SZP pattern at key higher low, lower high pattern. Expected a indecission, not a breakthrough. Also, several days of decline seemed to me as something what can pause for a while and fill some leftover liquidity at the TP (2R). It didnt, it stalled slowly, inch by inch, until it completely shit itself. This time, the risk was covered very well.

Good:

• good idea
• bias = bullish

Bad:

• pressure on the support for the 4th time, maybe too much

To Improve:

• This is the part of the intuition. With lower high on DAILY keep rolling, you could have expect higher pressure on lows, so less probable outcome. This was a on the other hand a trade supported by good level. That level turned out to be the low and that low was valid. The only question is. How to act in this case in the future? What were the characteristics?

Result:

-1R

SCREENS:

D1

H1