I’m sure even the best traders will admit they are also students of the market. I have never been a natural trader, but I am always trying to hone my skills.
Here is my most recent attempt to determine buy and sell orders. Of course one should also consider daily and 2 hour charts. There will be noise that can throw one into a bad trade.
Its most profitable, of course, if you catch a through train as it is pulling away from the station. Even so, a sudden turn around can leave one standing on the station platform wondering what the heck just happened.
BTW, I made a similar weekly chart for Labrador Gold.
Cheers – SF.