Thank you @sirrobbo for posting my chart during the week when I was indisposed.
The TA played out text book, hitting 7.1c (61.8% fib) as predicted when at 13c. Support and reversal came in immediately then reaching back to the 9c res level and 9.9c gap I mentioned in my chart. Certainly worth a retrospective review.
As much as my commentary was derided within the forum - it was designed to assist in understanding the trade options within DTR. I appreciate the longs and the believers. I just needed to call it as I saw it and - it did play out exactly as I anticipated.
@pega - thank you also. I appreciated your comments during the week. Yes, my long hit well at 100% to position (14.5 taken, 7.4 exited). You also knew that once the Fib level I estimated would be hit - I would trade it long again….which I did across two accounts - 1st position 850k units 7.1c entry to 8.8c exit and 2nd position 1.75m units (this position shown on chart above) at 7.3c entry to 9c exit - both over a 24 hour period. I exited both at that 50% fib level, didn’t get to see my holds reach the gap close at 9.9c as charted, took the safe exits instead.
Here on in ….I suspect it may quieten off a touch, consolidate and trade between 7-9c channel for a litttle while. The news of Middle East tensions could destabilise markets. Gold is a very good play. Capital protection is paramount now in my opinion.
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