Had two sell positions on gold, these two positions closed my phase 1, 8% of a 300k account on my forex funds. i moved my stoploss to close in profits...
i was so close into getting out of this trade and just then the fed chair powell testimony drove my sell into my take profit and closed the 8% i needed very grateful ..
MGEN has been getting hammered lately. Not one single green close in the last few weeks. Friday was the first, somewhat green close and that ain't saying much. But trading action was interesting.
"riday’s action was something much different than what the penny stock had seen during the 2 weeks prior. It was the first trading day that MGEN shares didn’t close...
Technical
MAT broke and sustained its 200sma resistance a couple of days ago.
Todays candle above the trend (pink trend line) are confirmation MAT longer downtrend might be over.
Fundamental / News
December 15th tariffs were removed, easing pressures for them. However, 25% tariffs will remain on $250 billion
Chinese imports and 7.5% will be put...
Just imagine every turning point of a trend or a continuation of a trend, a fractal if you like, lies underneath or above it clusters of stop losses that the institutional traders look for to get liquidity. It sounds that it's evil, but whether we hate it or despise it, that is how the market works: you want to buy, you need someone willing to sell and vice versa....
