Knowledge is power but applied knowledge is more powerful

Gold did explode, did you get some?

I sure hope you did because this thing has got a lot more upside potential. The monthly is triggering now as we speak and the weekly followed through on our bottoming tail from last week. I know your thinking to yourself does he have a trading crystal ball predicting these moves? The answer is yes and it can be yours for the low price of just kidding with you lol!

But with hard work, back testing, the proper money management & risk management one can become successful in the markets. But the question some traders have to ask themselves is am I applying what I know, am I executing when I am supposed to. A lot traders find themselves stuck like a dear in the head lights when it comes time to execute. And other traders throw their strategy or even their whole trading plan out the window during the heat of the moment and start trading on the fly.

It is important that you are disciplined but it is equally important that you apply what you have learned and pull the trigger when your plan calls for you to without hesitation, reservation, or fear.

Now Looking at the charts below we can see gold is gaining some momentum. So for my swing traders you can take the monthly or weekly as is with your stop below the last pivot on the weekly. But for my intraday traders and my day traders you might want to wait for a pull back on the daily as we are a bit vertical and due for a pull back. Oh I cannot forget about silver she is a beast as well. Stay tuned there is much more bullishness to come from both metals.