US30: Right about the trade wrong about the execution
Yesterday I had an intention of providing a buy signal on us30. If you have a look at the chart provided, you will notice I had established the low of the week which happened on Tuesday. I anticipated a stop hunt to the down side breaking 35547 before rallying up. Well, it moved but I never took the trade. Thing is, when you trading and you are waiting for something specific to add to your arsenal of confluences, it is important to always follow your rules and never break them because of a "hunch". Sure I missed out on this opportunity, but we as traders need to understand that no trade is also a position. Now that us30 is on the rise, I'll be waiting for the market to provide a swing high, retrace to a more favorable price and execute. Keep you guys updated but for now, whoever is still long on gold and GBPUSD with me. well done.
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