$35k+ trade on #goldfutures: Buying at support then again at breakout #gold #futurestrading
Channel: Candlestick Capital
Date: 2024-04-05

Protect your family online: https://sentrypc.7eer.net/c/2230580/398449/3022

This is a hypothetical trade and technical analysis on gold futures before it ran up to $2300. We get in long based on price hitting a crucial support level, then take profit right before it gets to a crucial resistance level.

From there, I aggressively buy, anticipating a break, but get stopped out because my stop-loss was poorly thought out.

You could argue this is mostly #fomo, looking for confirmation bias.

However, once it looks like it's about to break out a second time, we go in long again with a more calculated stop loss.

Learn from your mistakes, and mine.

💵💰**************The  Candlestick Capital *********************📈📉

The Candlestick Capital publishes charts and technical analysis for stocks and crypto, mostly Bitcoin. We focus on simple trading strategies, primarily trendlines and support/resistance chart patterns.

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