by Michael Noonan, Edge Trader Plus:
There are some patterns that are consistently reliable. They do not always turn out profitably, but they generally allow for time in the trade before having to sell, profitably or otherwise.
The fast drop in this morning’s precious metals was typical for those who do the [controlled] selling, and it was a bit of a surprise, making an exit more subject to being stopped out than allowing for an informed decision. This is also an example of “anything can happen,” which is another market reality.
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