Confused about gold

A

Alexis_0

Whenever I trade, the market breaks the trend and whenever I don’t trade, the market follows the trend. Why does it happen?
 
Alexis_0 said:
Whenever I trade, the market breaks the trend and whenever I don’t trade, the market follows the trend. Why does it happen?
More...

Psychology and physiology, it means you are destined to have a job, when you become 'unemployable' as someone I know eloquently put it, it means you have the ability to trade the markets as a career.

Now some bright spark will make the comment that people make profits in the markets and have day jobs, they do, however there are many nuances specific to them often one having low returns expectations.

Lower timeframes are your friend as it shortens the learning cycle up to 10x, once you perfect that you will be able to master higher timeframes, MN240 and DY1 are good choices across multiple instruments.

It's these small fractional details that allows you to see who are career traders (virtually none), those who are hobby traders (a few), and those who are neither helping fund the markets (most).
 
Alexis_0 said:
Whenever I trade, the market breaks the trend and whenever I don’t trade, the market follows the trend. Why does it happen?
More...
You should know when to trade. Breakouts are better when NY opens. You can expect some trendy moves at NY session start.
 
Your chart time frame is probably too big/long.

By the time you enter a trade, it is too late.

Use a short time frame.
Gold futures is excellent for day trading
 
Try range bars...

The bars will complete slower when market is dead and complete faster when market is active.

Here is a chart I use for day trading gold as well as a video on range bars and volume charts

Range bars

upload_2024-1-16_9-5-3.png
 
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