Interview Will Bancroft Co-founder of The Real Asset Company. Will offers his advice to those keen to buy gold bullion to protect their wealth.
Charts indicate that 12- and 36-month long term moving averages do act as support and have some charting value.
EURGBP shows flag-like continuation pattern on Monthly Chart Flag or pennant-like chart patterns are trend continuation patterns. They consists of two key features: a ‘flagpole’ and a ‘flag’ or ‘pennant’. The flagpole represents the initial impulse and the flag represents a consolidation / retracement movement.
Follow Gold price action as we look at its weekly performance, market sentiment. Also I propose 1 red line that may explain gold movement.
Imagine a trader is a machine. This machine trades 10 times in an hour. Will machine wear out faster than another machine that trades once in a day? I trade once a day. I aim for 100 pips each time. Definitely I feel happier than another trader who trades 10 times an hour who make the same amount.
Yesterday, during preview, a potential client talked to me about his problem. He had hedged his positions (basically both long and short at the same time of same currency pair) and asked me for my opinion.
I was unwilling to answer, because whatever that I’ve said will be in different context from his understanding. Ultimately he arrived at a conclusion “maybe he should cut his positions with losses and start all over again”
I made a comment: Doing so will not solve your root problem. Starting over again requires a plan. Do you know your plan?
Received quite some emails from recent intakes and find that their analysis tend to skip the broad conditions with boxes but to skip to identifying trigger and 1234. In this posting, I would like to share a step by step analysis on USDJPY illustrating how