Gold And Silver – Follow What The Market Says, Not What Others Sa
Gold And Silver – Follow What The Market Says, Not What Others Say About The Market
The article title is a wise message from a voice in the past. The best way to follow what the market says is to read its net effect as derived from the collective of all market participants that have made a buy or sell commitment. If it does not show up in the chart, then what is being expressed is an opinion about the market.
When one takes this approach, letting the market lead, there is no need to wonder what to do next. Present tense developing market activity, combined with a fixed setof trading rules is all that is needed. It is then a relatively simple matter of viewing a market from different time frames to see what is being “said.” We like to start with a monthly to know what the prevailing forces are doing because higher time frames tell what “smart money” is doing
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