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6 Things That Separate The Pro From The Amateur Trader!! Ben SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
6 Elements of a Successful Trading Plan
1. Test
The test is considered as the start-up element of the successful trading plan. It refers to the
successfulness or failure of any currency involved. In most organisations, time is the primary
driver for assessing execution. The assessment period is constructed with respect to the quantity
of exchanges put and not by the measure of time passed. You should distinguish the correct
number of exchanges for the assessment, however, this number should be sufficiently high that
an individual has a nice example set, yet sufficiently low where it keeps you from going on a
damaging exchanging.
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Gold will move down to 2 yeas low $1121I think the price has big chance to move down because:
1. Long — term trend is bearish on XAU/USD + Major currencies (EUR, CAD, CHF, AUD, NZD, JPY)
2. The price is in a range. In sideways moving big players accumulate their positions.
3. We have the same situation, exchange rate 1,5 month was in the range, that means if the price will break down key level $1180 there will next price decreasing to 2years low $1121.
4. US economy becomes stronger, Stocks growing up. Gold increase it's price when will start a new economic crisis.
5. Big players before economic crisis want to make GOLD and BTC as low as it can be, to accumulate position at the lower prices.
6. How many times the price bounced down from $1214? It looks like someone hold it and didn't let to move up.
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Long Coffee area 100.00-120.00 with target 145.00 - 170.00 - 200Long Coffee area 100.00-120.00 with target 145.00 - 170.00 - 200.00