Taking Profits

Taking ProfitsLesson 3 of 105 min read

Five prices ahead

One short on gold, and the five exit prices already drawn below it before the trade opens.

One trade, and everything the chart offers as an exit.

The trade

Gold runs at 2,431 and wicks to 2,440, then gives it back. A candle closes at 2,415, below the 2,420 swing low, and the trade is a short.

Module 30 called this trade's arithmetic poor: 26 dollars of risk against a first target 19 dollars away. That has not changed.

Ignore the entry on this one. Look at what is already drawn below it.

What is in the path

Two blocks and one pool sit under 2,415.

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