![]() For more information go to © Copyright 2020 Lex van Dam Financial Education. Even though we do our best to provide reliable data, you should not trade based on this information. (PS Here’s the link to our latest video on YouTube )ĭisclaimer: For educational purposes only. ![]() But don’t forget, you can join us for our analysis in real-time including new insights each week, or learn from the ground up with online tuition from Lex in our MDT online course at and take your financial knowledge to the next level right away! Typical moving average time frames are 20, 50, 100, and 200 days. I look forward to revealing the score for our gold Checklist with you in due course. Support and resistance: If an index or stock is bouncing between a consistent low and. It’s all well and good being able to spot potential areas of support and resistance, but unless you have done your homework by following the Checklist process beforehand, then the odds may still be against you if you don’t have a fundamental bias! In other words were you looking for a retracement to sell in to (counter-trend rally), or buy (bullish reversal)? Since 200 EMA is a long-term indicator, it is suitable for position trading. When looking to time my entries and exits, I find this provides a more reliable edge than indicators which lag price. Here’s a reminder of how we evaluate gold from a fundamental perspective, and the 8 factors that it tracks:Īs you can see, it had very little to do with the 200-day moving average, and everything to do with the 50% Fibonacci retracement level at 1763. News Live Blog Earnings Podcast Market Classroom Dons of Dalal Street Recos Stock Reports Plus Candlestick Screener Stock Screener Stock Watch Market. As you know, that is NOT how we generate ideas with our trading process! However, it did provoke conversation on twitter from people questioning whether we were buying (bullishness assumed!) simply because of a pull back towards the 200-day simple moving average. As we have only just updated our Checklist Report for paid Trading Club members, it is still a bit too early to reveal the total score here. In last week’s blog I featured gold with the title of ‘ The Last Big Trade of 2020?’. Your engagement so far has been brilliant and we’re really grateful for your encouragement – so special thanks to all of you who have supported us in our first few videos. ![]() It has been another busy one for myself and Lex given month-end duties alongside our ongoing efforts with our new social trading initiative on YouTube (if you haven’t yet seen it, go check it out!). ![]()
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