As gold breaks out in many major currencies, is this signifying a more defensive shift for investors?
Chris Vermeulen, Founder of The Technical Traders joins us to highlight a chart he sent out this morning highlighting the gold price breaking its downtrend line in 6 different currencies. You can see the chart below. This leads into a discussion on the potential of a broad shift of investor interest toward defensive or safer assets.
Click here to visit The Technical Traders website.
Unfortunately, you are right…quite frustrating to follow the guidelines and not realize any gains at all.
Hey guys, sure it sucks to have a couple 15% losses on trades that eventually turn around and move up, but that’s just part of trading. If you attended any of the live mentoring sessions or watched the morning videos you would understand better. sometime strategies are out of favor and get chopped up a little but. Its not that BAN does not work, it’s just that market is not in a favorable stage for it to excel at the moment.
Oil Prices Climb As API Report Adds To Bullish Sentiment
By Julianne Geiger – Jun 08, 2021
Nothing in trading is 100% ask Jessie Livermore, and I do not need to be spoon feed from any service as I have acquired an old school systematic process that I learned. Yes, it is work and I do not have to rely on a robot. I use the Technical Trader service as learning tool and confirmation as to what I see in the charts, and not so much the trades. Vince and his team do a fantastic Job in aiding me in the process. It appears that most retail traders always must have a line on without understanding the risk or how to effectively manage it. Patience is one of the keys.
Waiting for confirmation, you just said gold broke out??
Just like your ban list was in xop and you sold for 15 pct loss and oil broke out to $70.
Here is your ban xop trade:
XOP March 18 2021 bought, 86.99 25pct position
Trend Exit
15% Trailing Stop April 20 2021 73.94 $ -15.0%
Oil on fire xop at 98 now, and you sold out for loss, BAN not working. Anyone who owns your newsletter can see last few ban trades history not doing anything.