
While we think in probabilities here at Omicron FX, which means that any one trade is not significant in itself during normal trading, it is nevertheless instructive from time to time to examine particular trades from the point of view of checking the validity of our assumptions. We like to call this “examining the anatomy of a trade”. A type of post-mortem, if you like.
On August 29th we identified and wrote about
a formation in the gold daily chart which, along with fundamental
considerations, also discussed in the blog, qualified it as a High Probability
(HP) trade.
Running the
Omicron FX Silver Trigger routine to trade gold on that day and setting the
parameters so that only a short trade would be entered, in accordance with the
technical and fundamental analysis, results in the outcome shown in the chart
above. Two percent of equity is placed at risk and the routine is set to take
off half the position when one percent profit was attained, leaving the balance
to run until stopped out by the trailing stop.
great article..It will help me while trading in commodities. www.fx-insight.com
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