And I was stopped out with the remaining part of the position. Nevertheless it was wise to reopen the short position. I have not yet decided whether I will reopen the short once again.The bears struggle hard at this point and I wonder whether the bulls will succeed at all.
It was good that I did it again at least. Now I took the first part of the profit leaving the remaining part at risk. This time it is really risk as, if I consider the 3 attempts as one, the deal is still under water. But there is much less water above me now.
As long as small losses it is ok, frankly i am also very louzy in intraday trade, which is why i need to use larger timeframe to guide me.
Especially when Saudi said Oil will be difficult to pass 100 mark, causing oil to plunge and the effect is pushing the gold up!