Gold Zones For The Inexperienced Trader
To the man who’s been trying to teach me how to sit. I was late to the 2016 (Get in Zone) and believe this chart clearly illustrates what a none experienced trader like myself should do once your in the (Sit Zone). I can honestly say that I wasted way too much time watching the screen and lost a LOT of money while trying to be a hero at trading. An experienced traders account will most likely end up like a bar of soap if he cant sit. The more you mess with it, the smaller it gets. It also reminds me of a quote I heard as a child that was stated by a man following the test firing of a very early inaccurate pistol. “If the cow would have only stood still, it would still be alive today”. Mark Twain.
Although golds 2011 high was in the proximity of the center of the little red circle which the solid line chart don’t represent, I still chose to use the solid line in place of candles due to the simplicity of the picture.
Sit 😉
Thanks!
Sounds so simple. Nice chart.
Cheers
Yes, simple, but effective momentum chart…CCI indicator is my favorite!
Great chart. Although, the title might be better as “what long term traders do”
Confession, I’m a “long term trader”
Thanks Guys
Great point Scofield. Ive come a long ways towards that direction.
Thank you.
Thanks Guys.
Love that chart Optional. It says it all really.
Thanks Northstar. Hopefully it will serve as a useful tool.