High volatility - not every thing is done under chart patterns only.

[atif58]

The volatility of gold is very high and a gold trader should have a deep knowledge of market. A strong fundamental analysis is very important for gold as gold's prices are effected by many factors. That is the reason for which gold's chart breaks the pattrens many times. Gold trading seems very risky to me. But i will do trade in Gold in future after having a lot of experince and knowledge as these the very important requirements for gold trading.

[ermaniso2011]

actually that is why most of the experts advice not to trade during impotent news .couse of very high volatility. if you have a stop-loose so dont have to worry ,you have to accept the loose and forget it and only back to the charts and rules again.you will it will be very easy to recover if you lost only %5 of your account but if %50 gone then it will be harder to recover.

[dmambi]

apparently you melakuka buy when prices are above. you should use BB 20 as an indicator of price movement limit so you will not buy when price touches upperline bb 20 and at that time you do sell and tp line BB in the lower line 20

Prices of the currency pairs and metals not always follow the Bollinger band most of the times they also violate the signals of this indicator. Hence it is always wise to use other indicators also to double confirm in volatile situations.

[sinjiku]

Look how gold prices went out of chart pattern (from 1631.80 to 1624) and returned back in chart pattern after hitting so many stop losses and stopping several accounts. 70% of my trades were stopped due to this.

Attachment 462

apparently you melakuka buy when prices are above. you should use BB 20 as an indicator of price movement limit so you will not buy when price touches upperline bb 20 and at that time you do sell and tp line BB in the lower line 20

[forexman]

i agree forex and especially gold is high volatile and some time it goes outside patters so be careful and use only lower leverage while trading in gold and you must tarde small lots only and should have good balance also

[yogesh]

Look how gold prices went out of chart pattern (from 1631.80 to 1624) and returned back in chart pattern after hitting so many stop losses and stopping several accounts. 70% of my trades were stopped due to this.