tradedevil

Gold Rips, stops hit, next trade, next target...

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
4
Sure getting stopped out sucks. Part of trading. If a trader ever starts thinking they'll be right more than they're wrong... performance will suffer. First assumption always; where am I wrong? That's why money management is the key to long term success in this game. A move like this gives clues. We can now see an algo is attached to this price action and setup the next trade based on what we see and the likelihood of where the algo will be programmed to next be buying. First though... we wait for a pivot to draw from... until then, it's sit on your hands and look to another market.

Crypto Trading and Education - goo.gl/AUxrWz
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