XAUUSD Don't jump on a speeding train. I will try to explain the dangers of trading in an accelerating exchange rate. The graph (not analysis) shows how the daily correction distance changes as time progresses. The daily adjustment bar may not be met within a day. It may take 2-3 days. But the point is as follows. The width of the correction bands is given by the difference of the extreme value ATRs. This is also a measure of volatility. Here, I clarify. Volatility is an exchange rate fluctuation that occurs. The extreme value ATR is a "predictive volatility" value. So, if panic breaks out in the gold market, the price will move up to levels (in this case, gold) in terms of predictive volatility. The higher we go, the higher this value. Let's first look at when the predictive volatility is small 21usd wide the correction band later it can increase to 48usd. These have a stop distance (especially for devices purchased at the top of the bar, which are difficult to scale). Therefore, ALWAYS WAIT FOR CORRECTIONS upon entry. In order not to buy any full correction band. Late entrants lose a tremendous amount in a trend reversal.
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THIS PUBLICATION IS INTENDED AS A FRACTAL RULES TRAINING MATERIAL. PLEASE DO NOT READ ANALYSIS.