Daily Bias + Break Even Trading Recap

Daily Bias + Break Even Trading RecapLeçon 9 sur 126 min de lecture

The reason is gone

The chart event that ended the trade before its stop, the rule that has to be written before it can be used, and the exit it must never become.

Two hours in, the chart did something specific, and the position was closed because of it.

What changed

A 15 minute candle closed at 2,509, above the last 15 minute swing high at 2,508.

That is a break of structure upward, on the same chart the entry came from. The break that put you in has now been reversed by the chart that produced it.

Figure 1 · Gold sweeping the 2,518 session high to 2,520, the short entered at 2,512 with the stop at 2,521, price stalling near 2,506 and then closing back above 2,508, closed at 2,510

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