spectertrading

GOLD, Sell or Hold? Gold Coins VS Marshmallows

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
I'm constantly selling gold for cash, but sometimes I can wait a few weeks and get an extra 5% boost on my dividends. Have you ever heard about the marshmallow test?

It's a way to determine the odds of a kid becoming a successful adult. I dare to say, to discover if he/she is a natural trader.

So the kids are offered a marshmallow, but if they wait 10 minutes alone with the marshmallow and not eat it, they will be rewarded with another one.

The vast majority of kids fail.

The difference between boys and men is the price of their toys, and my marshmallow became american eagle gold coins, and since it's time to sell my monthly quota, this dilemma came to my mind.

Should I eat my marshmallow now? Or get an extra in a couple months?

Fortunately I have this nice tool to help me figure out if I should sell it or not.

So I'm using Spectro™ M to understand what's going on with one look.

Keeping it simple the auto pivot system tells me we're in a bullish reversal zone, which is the "bollinger band" look like kind of thing, this is actually a custom murreys lines model.

Plus you see those curious little green arrows? So that's the X Confirmation algo, which tells you that you have10 indicators agreeing with a bullish signal.

Observe past behavior and see what happens when those elements get together.

Plus we're past half of this candle and we have a nice a nice reversal candlestick pattern, call it doji, pinbar, dragonfly, hammer, whatever...

My max risk, aka stop loss, is -0.5% because I wanna play it safe, if it's not guaranteed I'll get my extra marshmallow, I'm out!

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