Doesn't mean that I will trade only here, The Gold will get volatile, creating a lot of opportunities. AND we rock and roll with the market. catch the mid swing and flip it back and forth, within the channel.
There may be a quick flush - Trapping shorts .
This is multiyear plan. Not interested in what is happening tomorrow.
It does produce some random noise, still working on optimizing.
How to hedge main position against counter trend move with options? Its called Defending with Options. Google it, there are people who did some nice videos. Worth building the basics.