If I would have to name one single quality in this game that separates the few winners from all the losers I’d point at persistence as what counts the most. There’s not one day that goes by when I don’t work my butt off to keep myself on the winning side of the tape. You’ve seen me post quite a bit of educational content as of late and it seems to have been well received as we got several likes by stocktwits and some renowned players. But at the end of the day knowledge and even skill means absolutely zilch if you don’t show up for work every single day and press that button when it’s time to take action.
Happy Monday everyone. I’ve got my eyes on gold this morning which touched hourly support on Friday and has been pushing sideways since the Sunday open. The daily panel is looking extremely tantalizing as gold futures have been painting a sideways pennant with a diagonal support line which is currently backed up by a stack of daily Net-Line Buy Levels.
If the bulls want to breach the current ceiling then someone better call Mackelmore & Lewis, because as of now she ain’t budging. After a pretty annoying and range bound session yesterday we remain pinned below 1940 which is an intermediate hurdle before we reach real resistance below approximately 1980.
I hope you all enjoyed your extended Presidents Day weekend. By my count this was the last holiday for now until after the summer – one hopes! Although the weather was pretty nice over here in Spain I actually wound up slaving away on some internal projects through most of it. As the saying goes – no rest for the wicked. I’m a bit exhausted and in dire need of some gym time, which is why I didn’t at all mind seeing calm seas overnight with no drama on the equities side.
My demo campaign actually stopped out on Friday evening due to an EOW routine I still had left in the code. I now made that a flag as I want to be able to choose whether or not [...]