week41 Review of losing trade XAGUSD/ Discussion of good and bad channels

trade outcome for XAG

Attempted to hold the first trade which was almost $1 in profit, but subsequent lousy entries made this trade overall a loss.

week41 XAGUSD trade outcome 110114

I also wish to look into the type of channels which are good, and the type which requires more risk to undertake ( basically no good)

shown in the chart will be two channels , which on hindsight, are not good channels

channel 1: only 1 macd and kind of reveals desperation to get into a trade. even when 123 i.e end of shooting star still too far away from SL.

channel 2: channel is too wide and again too far away from SL, which does not seem to have a strong R.


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