Monday, April 30, 2012
Fat Finger Gold: chaos to pattern.
The market is often chaotic and gold is more chaotic than most markets. But in the midst of chaos, sometimes the clearest patterns emerge and during those brief moments -- that often last less than an hour -- one can safely enter and exit.
Gold created the most obvious of patterns after the steep morning dive. I missed it. But guess what, it's the same pattern I look for every day.
/tf and /cl were mostly sloppy and didn't provide the opportunities or patterns I was looking for.
But here is the perfect 3 bump symmetry that almost always guarantees a nice trade.