Since the last GOLD article, the metal has seen a decline of over 250 PIPs, The Supportive region failed to hold, and bearish momentum remained in control. $1250 major Supp (Now Res) has been broken with two prominent daily retests. However, price remains tightly wedged, sat on Daily Supp $1241 with low volume as we approach today's New York session.
The USD index has tapped a high point; it's the highest point since the 22nd of November with 94.00 Being a stable Resistance region. Ultimately the USD is bearish from the weekly perspective with lower pricing on the cards, and in US data last Friday, positive employment growth hit 86 straight months with non-farm figures.
Gold is unchanged this morning unsurprisingly as attention in Asia is drawn to cryptocurrencies as opposed to the real world. It makes or breaks here for GOLD as a break below $1241 will ultimately lead the metal lower to test the $1225. All eyes on tomorrow's rate hike release as we could be surprised & GOLD could spike ferociously to the upside. It is advised to stay out until Thursday. Refer to the chart markups for extra clarity.
Earn more than $10,000 and over $30,000 with binary options in just seven days of trading, ask me for more info
One of the most enduring sayings on Wall Street is "Cut your losses short and let your winners run.
" Sage advice, but many traders still appear to do the opposite,holding trades when they are not going in their
favor, and taking profit quickly after a small win.Successful traders are great at not only finding opportunities,
but also managing risk by exiting losing trades early.
If you don't want to place a stop loss, this means your ego is in control of you
as humans we don't like to lose,but in trading losing is a part of the game.
What do you think about stop loss placement ? and how do you handle it ?
Yesterday #Bitcoins drop 🥶 I was watching it live ...👽
154 52871:55 PM Jan 11, 2019
At its most basic, financial freedom is having enough wealth to live the life you want. For some people,
that means a condo on Park Avenue, New York. For others, it’s replacing your salary and breaking the chains of a 9-5. Either way, you have to decide where you are going before you can get there.
Unfortunately, some people see nothing but dollar signs when they start trading, and those unrealistic expectations wreak havoc on their ability to trade effectively. You’re better off starting with smaller, more achievable goals.
That way you can develop the risk management skills required to succeed.
I always recommend traders to strat smaller, and then grow their account step by step,the goal is not to make a million dollar overnightthe goal is to master this skill,and when it mastered,you can turn one dollar to one million dollar. and one million dollar to one billion dollar.this true and achievable if you have the right mindset.
If you are struggling to find a strategy or you have a money management problems, i highly recommend to get a copy of my ebook , i have explained everthing in details, and this work helped thousands of beginner traders become profitable.if you are interested click on the link in bio or send me a private message.