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XAU Trade Strategy | AmiBrokerAcademy.com

December 24, 2016

 

Do You Know George Soros?

No, I do not know him personally. Have not got a chance to meet him. May be one day may got to see him. Ha ha.

 

Do You Think George Soros Always Make the Right Trade?

Do you think George Soros made all his money because he was right? Wrong. Someone share this with me. I thought it is a useful information for you, trader. As many of the trading courses preview I went so far, there is always one evergreen question for the presenter. How accurate your trading strategy? Hundred percent?
In fact, your probably do not get to hear story about Soros made investment errors. The true is he probably has made a multitude of investment errors. We just simply don’t hear about them because they were small in size, too small that no one mentioned about it.
Was told that in fact, Soros was notorious for “testing” the markets by sending out small orders in the opposite direction of his view just to see how they performed. If the trade turned profitable he would rethink his whole investment thesis.
Now, even if the above George Soros story is not hundred percent true. It is still worth thinking about it.

George Soros Famous Saying

George Soros is famous for saying that “it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

If You Miss Do Not Chase

If you miss the short near the 34 EMA Wave, then do not chase. You may be ended up sell low and expect the price action will be even lower. Can be hard.

Wait the price action pullback near the optimal zone, Wave before short again.

See other XAU posting for the previous analysis.

^XAU | PHLX Gold/Silver Index

December 22, 2016 PHLX Gold/Silver Index

December 22, 2016 PHLX Gold/Silver Index

 

 

Moses Stock Desk

AmiBrokerAcademy.com

 

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December 24th, 2016 | Tags: , , , , | Category: AmiBroker Charting Software, How To, Lessons, Technical Analysis, User support