7/24T9:00 News & Notes

Gold: Another date to consider is August 5th, about a week later, when the Fed next meets,.. My guess is that they’ll be keen to keep the dollar well bid leading up to this meeting, before showing to the world that they have little intention of raising rates,.. This may keep Gold and other commodities pinned back for a further week before the ‘fireworks begin’,..
Kind regards,..

Keep in mind the trader's adage - "He who plays and runs away, lives to play another day". You can always get back in! Don’t try to be a hero unless you have the deepest of pockets and can sustain large drawdowns in your account without worrying about it. Most cannot and as another saying goes – “Sell down to a sleeping level”.
There is no shame in having a bad trade as long as you can quickly admit it and get out. The shame is allowing a small, manageable loss become a career ending trade. Do not make that mistake! There is nothing wrong with sitting on the sidelines while you take stock of what is going on and have some time to think through a good trading strategy away from the heat of the battle when your mind is calm and your emotions are less involved. It takes a clear head to be successful when you are dealing with large sums of money. Do not make trading decisions when you are under extreme mental or emotional