We have been waiting for a short trade out of this triangle but the rally in gold might have made it harder to get that momentum. Can we still drop? Of course, it can do anything. But over the years, I have also learned to implement not only the use of Stop losses but also as important is the use of "TIME STOP".
It is never a bad idea to be on the sidelines and see what the market is up to instead of hoping your trade to come to fruition.
-TRADEPLICITY
You hardly ever hear people's bad trades, just their good ones and why others are wrong. When they are wrong, they always want to justify that it wasn't certain news or certain overbought or oversold conditions and or even economic policy change but try to find a way to make their system bend to that move.
IF YOU MAKE ENOUGH PREDICTIONS WITHIN ANY SYSTEM, YOU ARE BOUND TO GET SOME RIGHT.
It is never a bad idea to be on the sidelines and see what the market is up to instead of hoping your trade to come to fruition.
-TRADEPLICITY
You hardly ever hear people's bad trades, just their good ones and why others are wrong. When they are wrong, they always want to justify that it wasn't certain news or certain overbought or oversold conditions and or even economic policy change but try to find a way to make their system bend to that move.
IF YOU MAKE ENOUGH PREDICTIONS WITHIN ANY SYSTEM, YOU ARE BOUND TO GET SOME RIGHT.
