Coils
gold and dollar11.19.19 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 time describing how coils ( non-directional markets and indecisive buyers AND sellers ) pick up interest through a series of wash and rinse patterns of buyers and sellers ( starting with either group )....and expand ( bars and swings ) producing more volatility and opportunity.
There is also an interesting story you should Google about a lady that did it her way and turned about $1000K into well over $41M...and now has some of the best numbers in the industry with minimal risk at the time of that interview.
CoilsWho 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.
