Build On Your Strength – Seventeen Months Of Silver Trading In Review:
With a hit rate of 93.3%, one way to gain confidence is the knowing, that one doesn’t have to be fearful of taking additional trades even if a loosing trade should become part of the trade sequence. In addition the two loosing trades we experienced were small. The loss of -1.02% and -1.31% versus the average runner percentage return of 5.52% presents a low risk model that again allows to step aggressively into the market if warranted.
Gold in US-Dollar Weekly Chart – Gold Showing Directional Strength:
Gold is in a clear uptrend. We took another 3.17% profit on a reload runner, posted live in our telegram channel on January 27th.
Silver in US-Dollar Weekly Chart – Silver In A Sideways Range:
While gold broke to the upside, silver prices above US$18.50 get strongly rejected and pushes this precious metal into a sideways range.
Build on your strength
When confronted with a possible dilemma of internal debate of participating into a market situation or not, taking a step back is the first remedy. Emotions can flair up in situations like the presented diffluence between the gold and silver market. “When in doubt stay out” is certainly a rule of thumb that can help, but the more refined solution is to build on your strength. Looking back through ones trading history and building a case based on ones strength might provide the necessary fuel to be more clear minded whether to participate or stay on the sidelines.
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