01.08.2024 – Trade review for 2 oil long attempts and 1 gold short win

Kipu Trader

You can’t win em all! Best losers win — a wise man (@TomHougaard) once said.  Stopped out of two oil long attempts this morning for small losers.  Gold short later hit my initial targets, now a runner is :man-running:ing…..

Oil –> Initially scouting bear due to scope of the pull back & two zones of supply overhead. However, pit & us market open led to big pull back. I attempted a long scalp. Tried twice, stopped out and moved on. Original thesis was correct. Patience would have paid off here.

Gold –> Was stalking 4h LH more as likely scenario as price was coming into multiple zones POCs. Set a sell stop order if we broke 15m stairstep (and we did). Triggered, eventually tightened TP as my first target was 15m ema12. Targets 1 & 2 hit. Leaving a runner

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