There were 2 very good intraday swing on Gold today, which were accompanied by climax churn action on the 5 min chart. The first one occurred while I was asleep. That was the best volume signal as we had very large volume with a wide spread bar and RPM signals on the tick charts. That lead to a 170 tick reverse.
The second swing was a good set up, but I chickened out of the short because it occurred at a supply zone that had been visited twice before. But price action today had formed it's own supply zone, so I really should have taken it. I am totall miffed at missing out on a 140 tick swing.
I think I am still afraid of being wrong. This stems from my time of removing my stop loss and incurring large losses. I know that I will have losers and as long as my stop loss is in place, then, I am protected from having big losses. So I should really stop worrying about being wrong and trade what I see.
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