12.3.19 11am More happened on Gold from previous video today. At this point look for breakout failures in gold and the DXY. If you were a buyer, think about what knowledgeable sellers might be thinking...and vice versa when you are a Seller....and then adjust your target, your position accordingly.
More talk on price dynamics with gold. I think it is a decent, worthwhile video, but I ran out of time and the "probability discussion " is incomplete because the probability that this market will go higher and above that range box because of those two larger range green bars. I will elaborate on this in other videos. The point will become clear...which is...
5 currencies compared against GOLD. I say no more. Watch the video - and if you disagree, say so and why with some evidence!
This is about my personal rejection of a few of the quotes ( i.e. Plan your trade, trade your plan ). How some price action is much tougher to trade and is much more difficult to hit bigger targets, or to have smaller stops ( example given...as I see it ).
11.19.19 A look at that complex, currently ambiguous relationship ship between the dxy and gold. I did not have time to say that I think the gold probably will go lower based on the price action and the recent correction lower followed by a weak 382 correction higher, but it also has too much risk if you use structural stops. I didn't get to this because I spent...
Who knew that a coil could be the source of so much misery.? A look at oil and DXY/Gold with respect to coils and how this can generate stress and counterproductive trading decisions.
Follow up; some price action talk. Caution with NWL.
Most traders are familiar with the experience of sitting on trades for large periods of time without realized losses ( the market hasn't hit their stops...and the waiting is VERY stressful ). Recognizing that markets move in a way that drives traders to a scalping type of trading...and this can keep you from capturing the benefits of trading swings...if you could...
gold, dxy, oil, copper, enph.
comparing the "old" pattern to oil with highly profitable swings to the way it is swinging ( or not swinging ) now. Then I briefly compared price action of oil to gold.
Important distinctions to be more accurate in judging price dynamics in a way to allow you to be more effective with how you use your trading tools.
Looking at price action around trend lines. Measured moves. Scaling techniques to reduce loss.
comparing gold to DXY; potential scaling technique for gold ( probably a little too risky here because of the very bullish three day move higher is the DXY.
It seems like black magic sometimes how the squares of math lines up with future price. But, using the Gann box can help you look right instead of left. That is powerful. Trade safe M~
Hi Guys Thanks to everyone who recently followed me on here This is my longer term outlook and what I'm seeing at the moment and believe is a good time to position in longer term trades and bias
This is the end of July and #GOLD can start the next month with a bull mommentum, the last week the price slow down but this week we have non-farm payroll so we can expect volatility. Enjoy the video and let me know your thoughts about #GOLD.
In this video we analise the Monthly. Weekly and Daily chart for the week ahead. Enjoy the video and good week for everubody.
It is good idea to compare instruments to get a deeper insight into potential big moves. In this 3 min tutorial I show how to create four scales on the right of the chart for four instruments. To add instruments you use the compare button. Then us a drop down arrow on the instrument at top left to find Pin to scale.