Overview:
The Gold markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4...
What is important on this chart is not the trade!
It is how you can see support and resistance at the lines.
If you know how to use these tools your chance of profit increase dramatically, because all these lines do is follow the law of Action/Reaction - Newtons law.
It's not a holy grale or such. But when something is happening over 80% of time, then we should...
One of the rules (the Hagopian rule) of Action/Reaction is as follow:
" If price miss to go to the nextd line, there is a high probability that the market is going back from where it came, or farther in this direction".
Here we have the WL1, the Warning Line, which marks a area where price is running out of steam, and will pullback.
Check
Next we have the...
Your eyes looking at a real Action/Reaction Chart.
If you can master this, then you are on a very good way with you trading.
There is much, much more to come...stay tuned and start with the free
and very basic A/R & Fork Course today: mytradingcoach.teachable.com
P!
...today is a good day to start over, enjoy live and be thankful for what we have.
...down again?
hmmm....
As we can see the lower centerline was allready reached.
If price can work it's way above the upsloping centerline, then we are going much high, potentially above the GAP.
But if price will be rejected at the centerline, then a new low or a second touch of the downsloping centerline is highly possible.
P!
Learn this stuff for free at:...
What do i see in this chart?
- solid uptrend
- reacting big Centerline
- prior support at the red Centerline too
- support zone
- price at the L-MLH of the black fork
I go with the trend, so my trade would be long.
P!
Have you allready took your free seat at: mytradingcoach.teachable.com ?
Here is the second hidden hint i was able to reveale from the same chart, that gave me the heads up for a high probability short.
P!
Basic Action/Reaction for free: mytradingcoach.teachable.com
How is this possible?
How can one find those spots (red dot), to initiate a trade with a high probability of over 80%?
Yes - if you short the upper Medianline Parallel, then you have a chance of >80% that price reaches the Centerline (grey).
The "secret" lies in KNOWLEDGE.
If you know WHY you choose the spot where you draw your lines, then you know the reason...
Breakout trading is considered to be one of the most common trading methodology.
There are lot's of pro's and con's about the methodology, biut to keep the post short. I will only point on the main aspects.
1. find tops and bottoms
2. Place orders
3. Never miss a trade, as you never know which position will be a winning one,
4. Always have a critical stop
5....
