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Daily Bias, Backtesting and a Loss Recap

Daily Bias, Backtesting and a Loss RecapLesson 13 of 136 min read

The level held

What price did for the rest of the day, why a correct reading and a losing trade sit together comfortably, and the recap that closes the day.

The position was closed. Price carried on, and what it did next is the point of the whole module.

Where price went

It kept falling. Down through 2,418, down through 2,413.50, and into the empty range at 2,404 to 2,412.

It reached 2,404, held there, and turned back up.

Figure 1 · Gold after the stop at 2,420 was taken, falling into the 2,404 to 2,412 gap, turning at 2,404 and rising back towards 2,431

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