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Buying the Dip in Gold
As much as it’s talked about, “buying the dip” is a non-consensus trader. Think about today’s “dip” in the S&P and Dow. The dip never comes with good news… yet it’s a better risk/reward than buying at new highs in a trend! Gold is confirming that “buy the dip” is valid and in this video I explain why and where.
The Edge Directional Bias Offers Daytraders
The signs from a strong Yen to trading below the HPMR resistance and the VWAPs were there… know the signs, get your directional focus, and days like today are a gift.
Daytrade Targets and Hourly Ranges
Moving targets. We want to be disciplined and process driven so contraction and expansion in volatility is something I account for using Hourly Price Movement Ranges or Volatility Analysis. It’s a unique approach I created using data that allows for a trader to understand historical volatility hour by hour or day by day. In today’s daytrades, these levels played a key role for profit taking.
Playing the Probabilities
It’s important to take the valid trades as they come and not pick and choose. If a trade is affordable from the entry level, take it, manage it, and let the market do its thing. For example today, three daytrades triggered, two hit target 1 and one hit the stop loss. Trying to avoid the loss is futile.
Is 2020 The Year To Sell Gold? Revisited.
In late December I started to ask if 2020 was the year to sell Gold, wanting to see 2019 highs taken out first. Now they have been and I’m looking at whether a multi-year high might be in place.





