Alan Solarsh trades live with three open positions: one long trade gaining, two shorts in large profit. He notes a false signal on candles versus the ATMA and says to wait for a trend reversal before making moves.
Another day of trading. Let's do this. So let's check at the chart. So as you know, the fractal your sell stop activated over here and you now have two trades that are now in profit. The first trade is this trade over there. The second trade is this trade over here. And you're now massively in profit. So there was a false call over here where you think that this was the second candle that was above the atma, but it actually wasn't, was the first candle. That red candle failed. Second candle failed, not above the atma. So we were still short. So now we've got three trades open. We've got one trade that's going north, we've got two trades that are going south. The two trades that are going south are now in massive profit. You can now use one of the trades that are in blue to offset the trade that is in red if you want to. But the trend hasn't reversed. Wait for the trend to reverse, then we'll take action. So right now, what do we do? Nothing. Sit on your hands, wait for the reversal. See you on the next video.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
