Bobby's homework assignment part 15.5.23 We looked at gold that had a breakout higher Earlier in the week but then it corrected, And we were able to speculate that we could draw a range box on the highest bar once the market corrected and went back to where it had gapped higher. If you look at the video you'll see what I mean. The significance is that I estimated what the range Box should be by the end of that bar. Wrench boxes are great, But to get the most utility out of them you need to know what they look like before they're obviously arranged box. There is always Going to be A component of Doubt on any decision that you make... including the decision that the Market's going to range when it looks like it's trending.... but knowing how markets move and correct you make decisions based on the probability,And whatever your decision is to enter the market you package that decision with a small stop in case you're wrong. It is not an easy way to trade until you test it... paper trade it. Don't ever take trading advice from somebody you don't know and haven't followed.... this means that you're making trading decisions from somebody you don't know.... Traders do this all the time and they lose money. And then they're angry when they lose money that they were given Losing information when in fact they took a trade Trying not to take responsibility to find opportunity and manage the risk.... everything about this Is a losing strategy. We talked about a long trade that was initiated yesterday on the coffee contract.I'm going to be home
