On Wednesday it was possible to add to the long trends on gold and crude oil below tuesdays low.
Everytime a market can not make a new close above its 52 week high I plan on exiting a trade if there was a large range day.
Will we see 100$ crude soon, i dont know, all I do is managing risk. So I will exit on new highs and conside the trend to end if there was a close below 18 moving average.
Same for gold exiting at the top and getting back in below prior sessions lows is the way to trade these markets...
Everytime a market can not make a new close above its 52 week high I plan on exiting a trade if there was a large range day.
Will we see 100$ crude soon, i dont know, all I do is managing risk. So I will exit on new highs and conside the trend to end if there was a close below 18 moving average.
Same for gold exiting at the top and getting back in below prior sessions lows is the way to trade these markets...
Comment:
see my other positions at www.tradingview.com/...watchlists/58589587/