THE BOUNCING BALL ANALOGY

1300 Neighbourhood

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GOLD --- Heads up!!!!!
Im thinking some short

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But not yet :joy:

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I need momentum for my trades -- I'd rather wait to see 1300 destroyed 1st

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U'll note this.....
(1) Since after BREXIT.... every rally attempt and the bulls neck gets broken
But then
(2) Impulsively, the trend is up

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I dont know which trader is not watching this line
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Bull's neck broken once more. Never even kissed TL
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Jan 22, 2015 High = 1307.58
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TL from late Dec 2015. And Jan 22, 2015 High Support
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CONCLUSION --- Both bears and bulls have valid argument. A fake BO of this KEY ZONE down could be construed as a big bear trap, and that cud herald a wild advance. Alternatively, A decisive Break of this KEY ZONE would invariably shake off all bulls. TIMING IS KEY!
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If you can bisect an ant, you can grow $100 to $2000.
I did it in a month, back in 2009.

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As a trader , you must have warning signs to detect when a thesis is no longer valid --- That's why trading with a well crafted TRADING PLAN is a MUST----one that stipulates in details most/all potential possibilities in the future, and has rules to take care of them. Operating on such a document, nothing comes as a surprise to you, unless tis some act of God :pray: