h1
1)What I did not do well:
hasty entry, without waiting for h4 close.
2)What i did well:
Subsequent close below 5-day iceline I manual cut loss and avoided furthur bloodshed.
It was a decisive trade exit.
3)What I could have done better to demonstrate mastery level:
I saw a bear trap, but it did not occur to me that a bear flag with invisible pole was forming! Had I seen this,I might have paid attention to the small 1234 downflow.
Nevertheless, turning spurned chances into opportunities:
h4 XAUUSD
updated 030314
Seems like bearish divergence for silver vs bullish gold and oil.
Looking at a bearish h1 continuation 1234 pattern towards a stronger support.
Optimum will be a bearish day close below the w1 key support
updated 080314
no trade eventually as bullish expansion day did not allow me to enter a trade based on
right shoulders.
