Tolerance is not weakness or submission, but rather the ability to understand others' difficulties, make up for their shortcomings, promote their strengths, and forgive their mistakes without jealousy, belittlement, mockery, or blame. Tolerance is about affirming oneself while recognizing others, and it is a state of treating life and others with kindness. Behind tolerance lies love and strength. Tolerance is the highest level of cultivation in life.
Yesterday, Powell's speech directly increased the probability of a 50 basis points rate hike by the US Federal Reserve in March to a high probability event. This result should not come as a surprise to anyone. I gave analysis and predictions last Sunday and yesterday, both of which were correct in predicting the main direction.
(Here is the specific analysis from last Sunday and this Tuesday. If you haven't seen it, you can click on the image for specific strategies.)
Taking the hourly chart of gold as an example, after a sharp drop (or rise) in a single day, two common patterns are:
1.A certain proportion of rebound and then a significant new low
2.A small rebound directly leads to a new low, then a significant rebound, and finally a new low again.
These are analysis perspectives.
When it comes to trading, at the beginning, we will inevitably have the illusion of seizing the rebound space of 30 points first and then shorting it again at the high point. However, in the long run, this is not cost-effective. If we get it right, we can seize the rebound of 30 points. If we get it wrong, we may have a loss of 60 points directly with a new low.
In the process, you may also increase your position, which will make the rhythm very messy.
Therefore, from the perspective of correct trading, regardless of whether the final trend is to rebound first and then hit a new low or hit a new low first and then rebound, we need to enter the market at a certain height of rebound, requiring more patience and psychological expectation. Specifically, it means waiting for a rebound to around 1830 to short.
In short, the current market direction is not clear enough, and we should wait and observe rather than take uncertain actions. We come to the market to make money, not to gamble, so we must have patience and self-control.
Finally: If you agree with this point of view, please click the rocket to express your support. Your support is the motivation for my persistence, thank you everyone!
GC1!
GOLD1!
XAUUSD1!
Yesterday, Powell's speech directly increased the probability of a 50 basis points rate hike by the US Federal Reserve in March to a high probability event. This result should not come as a surprise to anyone. I gave analysis and predictions last Sunday and yesterday, both of which were correct in predicting the main direction.
Taking the hourly chart of gold as an example, after a sharp drop (or rise) in a single day, two common patterns are:
2.A small rebound directly leads to a new low, then a significant rebound, and finally a new low again.
These are analysis perspectives.
When it comes to trading, at the beginning, we will inevitably have the illusion of seizing the rebound space of 30 points first and then shorting it again at the high point. However, in the long run, this is not cost-effective. If we get it right, we can seize the rebound of 30 points. If we get it wrong, we may have a loss of 60 points directly with a new low.
In the process, you may also increase your position, which will make the rhythm very messy.
Therefore, from the perspective of correct trading, regardless of whether the final trend is to rebound first and then hit a new low or hit a new low first and then rebound, we need to enter the market at a certain height of rebound, requiring more patience and psychological expectation. Specifically, it means waiting for a rebound to around 1830 to short.
In short, the current market direction is not clear enough, and we should wait and observe rather than take uncertain actions. We come to the market to make money, not to gamble, so we must have patience and self-control.
Finally: If you agree with this point of view, please click the rocket to express your support. Your support is the motivation for my persistence, thank you everyone!
GC1!
GOLD1!
XAUUSD1!
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Gold has reached 1830, enter the market empty order
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