Gold

Last gold trade stopped out.  I also attempted to reverse....for a small loss.  Then went long.  Anyhow, long is my bias, and I am trading my bias vice waiting for a great setup.  I am long gold, and luckily my bias trade is setting up into a decent breakout trade of this saucer.  Not too happy with my trading.
I have traded my bias before, and it rarely works out.  So when do I bias trade?  When I don't see any proper breakout or breakout-pullback trades that I trade 99% of the time.  This is impatience and trying to outsmart the market.  There, self-critique complete.  Today is the day I become super duper disciplined.

As I finish this entry, gold is breaking out and rewarding me for being undisciplined.

Gold

New plan.  New trendline looks like it is established.  Red line my stop, target....the moon.  I will adjust it accordingly.  Nice 15 minute pin bar formed  after my entry.

 

Gold

Have a buy stop @ 1674.00.  Blue line buy stop, red initial stop loss, and green lines target 1 and 2.

August 2 Trade

Euro coiled in a symmetrical triangle at the bottom of a big drop, then false broke the low.  I then went long  when it broke to the upside.

Euro Spot bigger picture 1 minute chart:

Trade 1 min: (blue line entry, red initial stop, yellow exit).

 

Quote of the Day

Why seek for revenge.  Because you know that Karma will get the bastards anyway.

Ajahn Brahm (jokingly)

August 1

Ended day in the green but I traded poorly.  Long Aussie in the middle of a 5 minute bull flag at resistance......range was BARELY broken on 3 hour chart over last few hours....but not last couple days.  Trying to front run this break that already broke but didn't break again was a bad idea.  The 3 hour chart tells the story.

Third trade was a pure momo continuation play on the Euro using 1 minute chart.  Blue line entry, red line initial stop and green circle exit.

3 hour chart:

1 minute chart:

Quote of the Day

A man begins cutting his wisdom teeth the first time he bites off more than he can chew.
Herb Caen