Other than the fundamental reason behind a bearish position on GLD which is a little involved, this is exactly what I look for on a head fake move.
All 3 timeframes leading negative right at the breakout move, this is high probability, if I don't take a signal like this, then there's no signal worth taking.
2 min trend
3 min trend.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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