GOLD, Gold and XAUUSD - page 122
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Have you tried refining your approach?
So you’ve got the basics sorted – have you tried looking for more precise entry points and minimising equity drawdowns? Any success?
No, of course not
He’s got himself caught up in the idea of indicator reversals, just sitting there like a ..., doing nothing, waiting for the indicator to reverse on a short timeframe.
A creative dead end – that’s what it’s called
USD inflation is stagnantly up, at best. Bitcoin isn't exactly "killing it" either. For whatever it's worth... Mike McGlone, senior commodities guy on Bloomberg (free on YouTube), is calling gold at 10,000 USD the ounce by 2030.
Yeah, we shall see...
he, too, has fallen prey to the idea of indicator reversals; he just sits there like a ..., doing nothing, waiting for the indicator to reverse
Yes, you’re right!
This method is called ‘trend following’...
This is when a change in price causes changes in the values of trend indicators, which together provide a SIGNAL for the trader to make a decision.
And overall, I really like this method..., and I have no intention of swapping it for GUESSWORK involving ‘levels’ or ‘wave analysis’...
He, too, has fallen prey to the idea of indicator reversals; he just sits there like a ..., doing nothing, waiting for the indicator to reverse on a short timeframe.
A creative dead end – that’s what it’s called