When I’m stopped out on a trade, I try to examine what happened.  Was it my mistake?  Did  some type of news suddenly rock the market?  Was it a conspiracy or could I have done things differently?   In the case of GFI, I was stopped out by a lousy 8 cents.  8 cents!    What did I do wrong?  Was my stop too close?  I used .20 cents below trend line support on an $11 stock.  That seemed more than fair.  So what happened?

As it turns out, it was my fault.  It wasn’t the wrong market.  Gold was about to bounce off its 200dMA and the AUD/USD was rebounding.  No bad earnings or downgrades.  The market had sold off but the commodities were rallying back.  All was right with the world but there was one thing I missed.  The 200d EMA.  Very often a MM will go down and grab orders lying near a moving average before turning around and that’s exactly what they did here.  They hit the orders near the 200dEMA then turned and went North; leaving me in the dust