'WHERE PATTERN SPEAKS FOR ITSELF' - OBSERVE&TRADE

Tuesday, December 9, 2014

A Nice 'Saucer Pan'

What a nice saucer pan pattern from Gold, the major indices suffered 'traumatic' drop, maybe that's why Gold market bounces back smoothly. It can also describe Gold's move today's pattern a shallow cup, that's why pattern recognition cannot be overlooked in the market. Pattern recognition is one of the 'edge' that can make/spot a good trade. No need to use those sophisticated signals, just implement simple method. Employing complex technical(s), that's make trading more difficult - that leads to more failures and frustrations.