December 3, 2018 Raffaele

I am trading day 13 of The Gauntlet challenge with Earn2Trade.

…and how is it going?

GOLD long : +25 ticks

07:37 – Gold is moving up since market open, it just passed R1 so I’m entering with target at R3.

08:16 – price reached quickly R2 and I’m taking profit here; I will re-enter a long trade if breaks above R2, as it may instead bounce back down here.

S&P500 short : -17 ticks

At market open S&P500 jumped up 120 ticks creating a large gap.

07:37 – S&P500 is struggling to break above pivot R4 so I enter a short in S&P500 targeting the bottom of the gap  in price.

08:17 – instead it moved above the pivot and hit my stop loss.

GOLD long : -17 ticks

07:37 – price seems able to break above the pivot, perhaps this news fuelled trend will continue today, I’m entering an order long.

12:01 I got stopped out instead.

S&P500 long : -30 ticks

08:37 – price seems able to break above the pivot, perhaps this news fuelled trend will continue today, I’m entering an order long.

12:47 – stopped out.

S&P500 short : -17 -8 +64 +24 -40 ticks

12:57 – Enthusiasms about the G20 news are cooling down, perhaps that play on S&P500 filling the gap is valid again; I insert a short order; also the Slope Rider signals this divergence and change in trend;

I persevered until I took some profit out of this play.

Question is: how did I have the correct idea all along and traded it so poorly to make barely any profit out of it? see image

GOLD Short : +29 ticks

17:20 – I insert a short in gold on Slope Rider signal, also showing divergence on the hourly chart;

21:00 – I close this with a nice profit.

Sierra is miscalculating my Daily P/L in S&P500, giving random results really; this doesn’t help my calculations, so there may be errors in my post.

So visit the dedicated page to learn more about The Gauntlet by Earn2trade.

p.s.

I’ve renounced my affiliation fee to obtain a juicy 20% discount for you on the cost of The Gauntlet! 😉

Let me help you find your freedom.