MISSED OPPORTUNITY, GOLD, 1.9.2016

TRADE SUMMARY: market presented the opportunity. I have identified a potential fade at the green line, but did not place order due to other correlated plays. The target was not pre-set so hard to give an opinion about exit now seeing the move. 

Good:

– good spot for fade area

Bad:

– no limit entry (even smaller size)

To Improve:

– next time calculated better the correlated size positions

Result:

no trade

SCREENS:

D1

H1