Oro / DollaroAggiornato The XAUUSD Learning Curve
Hey Traders,
You may remember we looked short as the market rallied and rallied. Well, you can see how that turned out.
Now before you look to decide how you will trade the following move you must take the opportunity to save in your brain (or this post) a key lesson to learn.
The fall to Circa 1600+ area gave way to this long move. That is because the fall was harsh and fast and moved the market to comfortable support. There are 2 traders in this situation:
- This will keep falling.
- This will turn around.
Both are hypothetical, but only ONE is logical.
The latter, in any situation, you will find up ends being right over time. That's because markets cannot fall forever they have to change and move the opposing way, that's just how things have and do always work. Simple Market Economics and experience Trading tells you this.
That is why the markets are oscillations of price over time. Buyers and Sellers move in and out according to the overall sentiment and key price points for value on an asset.
So again, next time this kind of thing happens... Don't be a neigh-sayer. Be a Trader. Be patient and wait for the returning move, it'll come.
PS if you mind then says 'OK when will it come, how do we know?'... That's what PA and a risk plan is for. Never let any market ruin your portfolio and make you scared.
Scale your risk in accordance with available capital and never overleverage.
You may remember we looked short as the market rallied and rallied. Well, you can see how that turned out.
Now before you look to decide how you will trade the following move you must take the opportunity to save in your brain (or this post) a key lesson to learn.
The fall to Circa 1600+ area gave way to this long move. That is because the fall was harsh and fast and moved the market to comfortable support. There are 2 traders in this situation:
- This will keep falling.
- This will turn around.
Both are hypothetical, but only ONE is logical.
The latter, in any situation, you will find up ends being right over time. That's because markets cannot fall forever they have to change and move the opposing way, that's just how things have and do always work. Simple Market Economics and experience Trading tells you this.
That is why the markets are oscillations of price over time. Buyers and Sellers move in and out according to the overall sentiment and key price points for value on an asset.
So again, next time this kind of thing happens... Don't be a neigh-sayer. Be a Trader. Be patient and wait for the returning move, it'll come.
PS if you mind then says 'OK when will it come, how do we know?'... That's what PA and a risk plan is for. Never let any market ruin your portfolio and make you scared.
Scale your risk in accordance with available capital and never overleverage.
Nota
Exit second longs for gains.Nota
Exit all longs, shorts come higher stay postedNota
Think about your learning curve. Notice the SECOND long catering for gains.Nota
Get lightly short. Risk averse shorts @ 1850Nota
Exit for gains againNota
Get lightly short.Nota
Looking for exits this week on light shorts.
Free Pro Multi Asset Trading Guide:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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