I know that most traders now prefer the short side. I feel this will be a good time to check the long side.
Yesterday I was surfing against the tide and still made good money. I know good traders can make money in both directions.
H4 Chart
A trend will reverse sometime and its difficult to know when so I start with small volumes based on shorter time frame technicals (H4 in this case) . The advantage is the low risk if I was wrong, and High rewards if I caught the trend reversal. So my plan is to BUY gold whenever it gets cheaper, and then ladder up when it starts to build the up trend.
Yesterday I was surfing against the tide and still made good money. I know good traders can make money in both directions.
H4 Chart
A trend will reverse sometime and its difficult to know when so I start with small volumes based on shorter time frame technicals (H4 in this case) . The advantage is the low risk if I was wrong, and High rewards if I caught the trend reversal. So my plan is to BUY gold whenever it gets cheaper, and then ladder up when it starts to build the up trend.
No guts, no glory