GDX 13ema is Wicked!
These hourly doji’s much be driving short term traders crazy….perspective is key!
…and a quick update on the GLD vs GDX chart……….
"IVERMECTIN"
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POSTING INFORMATION
“These hourly doji’s much be driving short term traders crazy….perspective is key!”
Yes I am going crazy and I am losing perspective. But that’s OK. College football starts tonight. I think what I really need to start doing is “plan the trade and trade the plan”. Right now I am more like a small sailboat on the sea getting tossed to and fro.
Yes, planning the trade and sticking to the rules of the plan is critical. It’s also easier said than done!
BTW – anyone notice the volume today in JDST? It’s huge and the fact the open was above the midpoint of the Bband on the daily suggests we have a massive upmove coming provided that prices close above the midpoint today.
I would add another step to that. In between planning and trading I’d add “practice”. Practice the plan. I guess it’s the same thing as paper trading. But paper trading isn’t just play-trading, it’s training.