GC current states of affairs
Updated
I’m still bullish for GC. So far plan is being executed but I be hoping for more true breakout by now.
My options are
= end trade
And no loss, but no potential profit
=Stay in trade
Risk bigger loss
Potential gain
Exit and re enter on test of wedge
Better RR ratio
Risk no entry
At this time I stay in trade and watch. Why? So far acting the way I predict. When no longer following plan then I exit and try for re entry if still valid trade setup.
Reversal trades have lower success rates but higher profits.
Please comment your thoughts and ideas. Please support with thumbs up if you like this post.
My options are
= end trade
And no loss, but no potential profit
=Stay in trade
Risk bigger loss
Potential gain
Exit and re enter on test of wedge
Better RR ratio
Risk no entry
At this time I stay in trade and watch. Why? So far acting the way I predict. When no longer following plan then I exit and try for re entry if still valid trade setup.
Reversal trades have lower success rates but higher profits.
Please comment your thoughts and ideas. Please support with thumbs up if you like this post.
Note
Yes I am still in this trade. But just by my hair. This be either double bottom bounce or breakdown support. If we make through trading day without hitting SL we could be okay. Right now we are on ledge. Or wedge. Haha!!Note
Something I rare to do is average down. But I have after deep thinking. I still believe in trade and I think it will result in profit. If I lose I will do a instruction on things I do wrong in this trade because their are some education points Note
I am still hanging by a thread. I expect this trade to be not successful. But see if I can find another entry for long. Or short if it looks that way.Trade closed: stop reached
Trade done. I lost. Next.
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