First trade: I bought at 7:40PST (after price retraced to PP) at 1330.30 and sold at 1331.30 because:

  1. Silver made a seemingly substantial lower low
  2. Relative True Range wasn’t going up with price as I expected

I didn’t get stopped out this time because I set my stop slightly below PP and not above it (lesson from yesterday).

Related posts:

  1. 10-27-10 Gold Signal Cycles or Inconsistencies?
  2. Gold Trades 8-5-10: Trusting Myself
  3. Gold & Euro Trades 8-4-10
  4. Gold Trades 8-11-10
  5. 10-26-10 Relative True Range in Gold