Gold going to 1500

Gold going to 1500

17 August 2015, 16:12
forexintel
0
129

Paid the price of not waiting for the candle to close. Should have waited for the H4 candle to close before deciding on the trade. The gold price doing a double top at fibo level of 50.0 on last month's candle has been playing on my mind and was expecting a downward spike, hence ordered SELL order in the middle of a candle. Another mistake was to change the stop loss level to Friday's high from Thursday's high. Ultimately lost $200 in this confusion, but the equity is still on a profit at around $1400 from $1000. Still maintaining my BUY order as i believe this to be a downward retracement, if at all!!!

 

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