'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Monday, August 12, 2013

Gold Made a Double Leap

Shown is the 15-minute chart from the Gold Futures where it made a two vertical leap, the first from the overnight session and the second from the regular session. Capturing this kind of setup needs a lot of waiting and patience. Able to capture the first leap but missed the second one for I fell asleep, got tired waiting for it (Jesse Livermore says, 'Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn').