In this section on Trade Diary, we would demonstrate to you some of the trades on our Trading System so that you can learn from them. These are real trades that we have taken. These trades would not only include successful trades that make money, but also failed trades to give you a proper perspective on both sides of the coin.
The following trade on Silver Mini occurred on 6th of June, 2024. On 4th of June, Silver broke down below a Double Top pattern and closed below the neckline. However, on the next day, after going down early in the day, it rallied for the rest of the day to close back above the neckline, in what appeared to be a Double Top pattern failure.
On the 6th of June, Silver completed a Reverse Head & Shoulders pattern and broke out on the C6 candle, thus completing a pattern failure and a breakout in the opposite direction. The implication of a bigger pattern failure and a breakout after forming a smaller pattern in the opposite direction is a strong move in the opposite direction of the pattern failure.
This was a blockbuster trade as Silver moved by about 1500 points on C6 and closed very strong. The candles to go long was C5, prior to the breakout, as it formed a Bullish Engulfing pattern.
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