I've been trading gold for many years and I can say that I have a pretty good handle gold's behaviors. While I think many think now might be the right time to buy gold as it is "really low" at least by comparison, I don't think so. Gold Buys slowly and overtime, big bull spikes while they do occur they typically aren't the catalyst for the actual bull push....
If Btc cannot clear this level I cannot buy - According to one of my students I am suffering from PTSD from the buys I took yesterday lol I can seriously agree with that if I am being honest, the drop came out of nowhere and the thing with btc is when it starts to move, it really moves.. Now, what I will say say is that when you look at this area I've...
GU unlike EU is actually a bearish market overall and this makes sells more readily available to me. TBH since shifting over to trading gold almost exclusively I can't stand how much slower forex pairs such as GU and EU move by comparison so it is unlikely that I would trade it even if I do end up seeing something but I will call it out if I feel like it needs to...
Alright so it's been a literal while since I've analyzed anything other than gold and or maybe BTC. But neither of them have any opportunity currently so I am taking a look at a few other assets to see if there is anything interesting. On EURUSD, we can see here what appears to be price stumbling at a level in which price has bought multiple times in the past...
Btc has shifted into a state of consolidation which suggests that some profit taking is occurring right now. BUT This also means that orders are being acquired - as this is one of the main purposes and causes of what we see as consolidation. Traders becoming interested in both buys and sells at the same time. In hopes that it would actually either buy or...
I'd be a fool to believe that gold is ready to continue with it's bullish trajectory at this time Especially with this current move that is playing out right now. It all seems to obvious from my perspective. It almost feels like the dealer is baiting me into buying. Keep in mind we have a red folder news event in about an hour from now. Also when you look at...
Imagine, not giving a flying F about anything and just taking trades where you think the market is likely to react. Well you don't have to imagine because that is quite literally exactly what I do using this scalp system I've created. Truth be told I've created this scalp system many years ago but I only recently (within the last few months or so) perfected this...
I do believe gold is going to continue to buy. As much as I know traders are interested in selling at the high, I don't think it is that probable to take that trade and the more you think of every trade in terms of probability, it saves you from taking some really shit trades, honestly. Would you take a bet that you are either A. unsure you can win or B. know...
Humble yourself and come to realize that: 1. Nothing is on YOUR time 2. You don't know everything 3. You cannot win every single trade Most traders struggle in 1 or all of these areas and thus it stops them from actually progressing forward. Pride cometh before the fall.....
Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime. Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right? Have a good weekend guys, see you on monday
I don't know anyone who would complain about making 700 usd in one day and I am not about to either, I'm quite happy with that as It is more than I asked for so I will be stopping here. That being said, Gold continues to create new higher highs and break new boundaries. I also would not be surprised if gold attempted to breach 2500 either I did cover all of...
Yes gold is bullish, yes I sold gold, yes I took 2 losses, Yes I am still in profit at the end of the day. The more I grow as a trader the more I realize that it is much more about what decisions you make as opposed to just what trades you take. Yes the trades you take are important but ultimately you have to make a decision to take that trade in the first...
Feels good to be right....As I would have mentioned in the video all of this is documented and on the record, Have a great day guys
Using CPI I was able to capitalize on USD's move from gold, I was able to take another 3 trades which added up to another 100 usd or so. Nothing else to really talk about here, I will let the video do the rest of talking. Have a good one today folks :)
The best thing about being a full time trader is being able to do what I want when I want and as much as I am in pain as I type this, Just knowing that I don't have to answer to anyone reduces that pain 10 fold for me, honest. I don't have to request any leave, I don't have to report to anyone. I can just go. Yeah sure making money is great but what good is it...
I hope that this video finds you well, I really want you to sit and listen to what it is I have to say in this video, I could be absolutely wrong as I have been before but that doesn't mean that what I am saying doesn't make sense (at least to me) lol. Anyway I wish you a safe CPI News event.
Winning Trades can be made easier when you learn to look at the market from a completely different perspective. We have to understand at some point that random strategies found on youtube and instagram aren't enough, there must be something else that we are missing. Well this is it. I think most traders don't take in consideration. Have a good rest of your day.
As I would have mentioned within the last video I posted I was actually expecting a pullback - well it turned out to be a full on retracement and that forced me to stop trading because the momentum literally went against what I was expecting. This is to show how we can use probability, timing and momentum to make informed decisions on what trades we should and...