GDXJ Congestion resolution?

Jul 6, 2018

-80 Week symmetrical triangle
-7 Week falling wedge "launching pattern"
-Weekly Bollinger band squeeze
-Daily gap ups all week
-Strong break of 200DMA which has been subduing price for a month and a half
-Gold price at inflection point

60 basis points planned due to smaller pattern launching the breakout of a larger pattern
Trend follow strategy

Jul 6, 2018

Note

Buy stop @ 33.42
Last week rule stop @ 32.19

Jul 6, 2018

Note

Correction
Buy stop @ 33.69
SL Last day rule @ 33.12

Jul 6, 2018

Note

Bought at market before close

Jul 6, 2018

Trade active

Jul 7, 2018

Note

I like to look for a confluence of time frames
Monthly Bollinger band squeeze with 50SMA resistance broken

Weekly Bollinger band squeeze with 50SMA breach. Dojis leading into break

Daily Bollinger band expansion with 50/200 SMA breach/crossover with daily gaps

Jul 9, 2018

Note

Being shaken around by AUDUSD strength. As an Aussie trader, I hate currency conversion fees, One of the few criticisms I have for Saxo Capital Markets

Jul 10, 2018

Trade closed: stop reached

Stopped out
So after logging the data, turns out my fees were greater than the actual trade loss. I am good at accepting ownership of my failures but thats a fucking joke.

Jul 10, 2018

Note

Will NOT be trading international equities for a while