Potential 4.5:1 Short

Grabbing small short position here off CAM Day S3 backtest. $DXY $GLD $GDX

Comment:

White trendline comes from here:

Comment:

Stop is yesterday's close.

Trade active:

Opened limit sell 1.1750.

Comment:

DXY

Trade closed: stop reached:

Stopped out, opened a sell stop at 1.1745 just in case. These are pre-FOMC games.

Trade active:

Re-entered short. Big shift after the fed, money into bonds and yen, out of stocks, EU, AU, GU.

Trade closed: target reached:

Lesson on this trade, sometimes you have to bend the rules a little. I was stopped out with a loss of 15 pips the first time, and doubled down on a second trade after the raw 15m and 1H price action showed fakeouts after the Fed.

The LARGE descending wedge for DXY shown above is broken hard today.