ScottBogatin

Comparing the dynamics of Gold, DXY and Oil

TVC:USOIL   CFDs on WTI Crude Oil
3.22.21 Comparing the dynamics of Gold, DXY and Oil. In the past week or so Oil has been a fast market, with the Dollar and Gold being contracted markets. I believe fast markets require special attention, and faster thinking because it's easier to be affected by your biases that can result in bad trading decisions. I believe there is useful information in fast markets, but they can be dangerous for both buyers and sellers. Fast markets are more stressful by definition, and by their very nature they can rapidly change in favor for buyers and sellers very quickly. Even if your goal is to not engage in fast trading, I believe it is possible to learn how to make an analysis and consequently make trade decisions to your advantage in a discretionary fashion. If you trade long enough to learn that your markets are not always the same and that they do change, and is much as you might try being one kind of a traitor, there are times that require something different from you. There is a saying: plan your trade, and trade your plan. Your experience should tell you that actual trading is a much more complex process. My effort has been to learn the dynamics of the market, based on the information from the market as objectively as possible, and base my trading decisions and my concerns on market information... and minimize my decisions on more subjective, not market-based speculation about the market. Tough markets are tougher to trade... Trading is an ongoing process through the years.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.