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GC - GOLD - Take 1: It looks very promising to meHow is this possible? How can one find those spots (red dot), to initiate a trade with a high probability of over 80%? Yes - if you short the upper Medianline Parallel, then you have a chance of >80% that price reaches the Centerline (grey). The "secret" lies in KNOWLEDGE. If you know WHY you choose the spot where you draw your lines, then you know the reason behind it. And then you know what to EXPECT from your TA with Action/Reaction. Start today and enhance your analysis arsenal with Action/Reaction for free: mytradingcoach.teachable.com P!
COMEX:GC1!Short
by Tr8dingN3rd
Trading a breakoutBreakout trading is considered to be one of the most common trading methodology. There are lot's of pro's and con's about the methodology, biut to keep the post short. I will only point on the main aspects. 1. find tops and bottoms 2. Place orders 3. Never miss a trade, as you never know which position will be a winning one, 4. Always have a critical stop 5. Always use a timing stop to close a negative trade 6. trail a position 7. use a fast profit 8. Never miss a thing!!! I guess that for some it has started to be not as easy as it seems to be , but believe me, it is worth to understand. the hardest part is not missing a trade, a good part is that you will always enter in a market direction. please ask me anything. Sincerely
by Marenno