Commodities: GC target reached. Taking a breather (see jgp).
Our first target when trading pullbacks with our Remek! Momentum Pro system is always a) the previous low or b) 1R. Whichever is less. What happened on the CL this morning will show you why that is a good practice. Mindful trading!
In trading, doing the right thing and the trade working are not the same thing. By entering, we did the right thing. Trade not working? We’ll do the right thing and will have no trouble dumping it (or as a matter of fact, posting it). A well-executed trade that turns out the be a loser is the cost of doing business. (Note: the timestamp on the chart is CET.)