As you see on 2-100k challenge account the buy opened Friday is in + based on Friday analysis given that time!
I decided to leave this position open and run it up as it goes.
But this is not a decision made by the system.
That's a decision made by emotions.
AI is suggesting a sell anywhere below 1277.
Emotions suggest - Hold it, it's going to the moon.
The tricky part here is to know is it a reversal?
The Only thing that can prove it is breaking Swing H's like 1277 - 1282 because in trending market it is what it does.
In bullish market it will break Swing H's in bearish market it will break swing L's
That being said. I think I will close the green position and go short. I don't mind losing a portion of profits with sell position.
I just want Gold to prove that it can break swing H's and then I can load the real long positions.
Emotions vs AI.
If Gold is not breaking Swing H's it has a superior chance to visit 1228 like 1,2,3.
The Swing H I'm considering as a bullish proof is 1282.
I may regret this or salute about this, only gold on the chart will tell.
But Like described before I give a fifth of a half-eaten $ about losing profits in this challenge, as far as I have 2K the challenge is intact.
A lot will depend on open price, gaps, first move etc, but if I do something that, of course, can be seen on the account.
Good Luck.
I decided to leave this position open and run it up as it goes.
But this is not a decision made by the system.
That's a decision made by emotions.
AI is suggesting a sell anywhere below 1277.
Emotions suggest - Hold it, it's going to the moon.
The tricky part here is to know is it a reversal?
The Only thing that can prove it is breaking Swing H's like 1277 - 1282 because in trending market it is what it does.
In bullish market it will break Swing H's in bearish market it will break swing L's
That being said. I think I will close the green position and go short. I don't mind losing a portion of profits with sell position.
I just want Gold to prove that it can break swing H's and then I can load the real long positions.
Emotions vs AI.
If Gold is not breaking Swing H's it has a superior chance to visit 1228 like 1,2,3.
The Swing H I'm considering as a bullish proof is 1282.
I may regret this or salute about this, only gold on the chart will tell.
But Like described before I give a fifth of a half-eaten $ about losing profits in this challenge, as far as I have 2K the challenge is intact.
A lot will depend on open price, gaps, first move etc, but if I do something that, of course, can be seen on the account.
Good Luck.
Comment:
Was worth a try but bull is in.
After 1277 broken it was an immediate buy + the break of 1282 another one.
Trail the stops as this can go all the way up to 1348 finally.
Every swing L is a dip for new buy.
After 1277 broken it was an immediate buy + the break of 1282 another one.
Trail the stops as this can go all the way up to 1348 finally.
Every swing L is a dip for new buy.
Most probably I will hedge.
Let's see the opening price anyway!