If #correlation is true between #DXY and #XAUUSD something has to give in
Either #DXY gives false breakout and #XAUUSD gives a Double bottom reversal ro #XAUUSD gives up and breaks down and #DXY continue its rally.
@TechCharts your view on this
@mrmaburuse@TradersConf He has changed the rules to trade...he has shifted from if/then rules to sized down version of it where he controls his risk and entres every trade he believes would give him better results
@TechCharts 995 would be my SL....yet curious to know why is it that your analysis has 1:1 most of the time...wherein in retail trading space its always emphasised to have atleast 2:1 RR
@GopiKri04520761@BasuNivesh TQQQ has to reset daily due to leverage positions to adjust there positions
QQQ does not reset as they invest like a normal index funds
This reset causes the difference.
@chinmay This is an absolute banger of a hack!!
the same model my dad runs for his IT company he pays same as an teir 1 engineer would get and they pledge there loyalty as no one else would pay them that much in teir 2 or 3....and one thing i can say they are as brilliant as teir 1 folks
@krish290694@darshitpatel84 You are right but to earn post tax 10% on 5 year horizon, you need to invest in -BBB bonds which can be illiquid at times and highly risky as companies can go bankrupt in these categories. As for Gold the debate is equal on pros and cons