Wednesday, February 5, 2020

GLD Bullish Cup and Handle - Update 3


Today we formed a 2 candle pattern that is very close to a Bullish Harami. The 2nd candle is supposed to be within the open and close of the previous candle. Yesterday's close was 146.43 and today's open was 146.38, so technically its not really a Harami. 

However, it did close a little higher than yesterday, so that's enough for me to hold this trade open for now. Probably should have exited this trade yesterday, but a little intuition and judgement is what human's have to offer over robots, right? This is what I'm telling myself anyway, to avoid the pain of taking a loss, then having to re-enter the trade anyway.

They say psychology is 80% of trading. I'm still working on that part.

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