Bobby's Homework Assignment

4.11.23 In this video we're going to do a follow-up of the previous videos yesterday when oil gold. The gold actually found the support we were looking for after the video was published.... and the market went up about 2500 points even though I would have expected the market to eventually move to the top of the range box. If we had already been in the market Doing that video I would have told you where likely Reversals would have been because I do that on every video where we assume we're actively in that market. However,I didn't take the time to show that because there was no evidence of an act of trade. Once you're in a trade it is very important to know where your trade may run into a potential Reversal..... and that is what I discussed on this video. You need to study this if you want to understand how I look at markets.... not just to get into the market but how to make discretionary decisions about the market once I'm in. Not just that, I'm showing you how I might get into the market at a later time because I missed the initial chance to take a trade. We did one more thing: I showed you how I might have a long trade, but the market has reversal and goes down 1 ,200 or 1 ,500.... but has not reached my Stop.... and how I would handle the drawdown when a market shows me it's probably going to test higher and that will give me an opportunity to get out with a much smaller stop and give me A very respectable profit... even if I'm concerned that the market may not go to a new high. In this case I could have Recouped 1 ,000 of the drawdown. The market isn't All or Nothing...You can make discretionary decisions that will help your outcome if you're willing and able to make those decisions. I think this is an important video For Traders who want to factor in these issues for better results.