The last week I’ve been sick as a dog, really struggling with work. I have bronchitis and I’ve been in hospital twice for it, which isn’t fun.
And I just haven’t been able to think of any interesting market commentary.
Nothing I would put my name to, anyway.
The markets are in a kind of slow motion limbo across the board, close to, but not at turning points. Boring.
So I’d like to show you how to interpret “limbo markets” and know when it’s time to get positioned again.
Here’s the thing.
There is always a bullish view and a bearish view.
The bulls think X is gonna happen and the bears are hoping for Y.
There are points where the odds get tilted if they get crossed.
Consider the monthly chart of gold right now.
The first thing I want you to notice is that we have already broken out *and closed* at all time highs. That’s a game changing bullish situation, and it tilts the odds of the bullish setups going forward.
We have an inherently bullish formation, followed by a textbook sell setup (the same one from our scalping system, actually).
But, because we are at all time highs, the odds aren’t really 60/40 on the sell setup, more like 50/50.
And then, we have a forming bullish setup, exactly the same thing in reverse.
The trigger point for the long setup, marked with the green line, is the point where the short setup starts to look on thin ice.
That is the exact point where gold stops fucking around and starts to wake up again.
It’s a bull market, after all!
Does that sound complicated to keep in your head?
Believe me, it really is.
Complicated as fuck. And honestly its a high degree of difficulty getting this right all the time.
Which is why I do only a tiny fraction of my trading this way. 90% of the time I’m just following the rules of our trading system, grinding it out.
I put together a free training on our system, which is frankly awesomesauce.
How does it perform? Like a boss!
You can see very clearly that it’s a steady and smooth series of wins, with very small, quick and easily overcome drawdowns.
The best thing about it is that the rules are black and white. There is no “intuition”, no “one day I’ll be good enough” bullshit.
You can be up and running very quickly. For most traders 4-6 weeks is about right.
I’d be delighted to mentor you in this, its actually the one aspect of this “marketing stuff” I really enjoy.
You can check out the free training HERE
Scott
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