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How to determine when to be long or short daytrading?
Directional bias is part of how to select which symbols to daytrade. Your trading is only as good as your watchlist, and a watchlist of clear bias is the key.
I have gold and bond buy triggers
In both these markets, the overall trend higher is under pressure, but is this a retracement (buy the dip) or is this a reversal (get out)? Here’s how I measure the move and why I am sticking with the long side.
Gold Update. 8/14/2020
Setup on Gold on the Daily continuous contract and the 30 minute.
Handling Gold’s Volatility
I am sticking with the long side of this market, but I have to also deal with the volatility that has triggered today — no doubt shaking some buyers loose — so I will shift strategies, not direction!
Gold (finally!) Flinches
After the rip higher we’ve seen in gold, here’s the “dip” that traders have been waiting for. It’s a 2.5x Daily Price Movement Range correction, and so that could be reason to pause, but there are tactics we can use to understand where the entry is waiting, despite the larger-than-normal move.





