Human-beings are insane...make much NOISE Humans like to place money all around noise to make more money in order to make more NOISE... EVERYTHING ON THIS CHART ...IS...NOISE... Humans ...Enjoy...making noise...more than enjoy making money... Enjoy... ...its your mind... ...theMatrix Everything on this chart is ...noise...sooo much noise...its enough to make you dyslexic and stutter... Everthing on this chart is noise...Humans try to make sense out of their making noise by placing technical indicators and price indicators on charts...which only succeeds in making more noise...
One day... one... not-so-crazyHuman decided to add one more line to noisy chart...and said for each price bar there's a closing price on the chart...I have drawn a "whiteline" inside all this noise at the closing price...IT is not noise on the chart...everything else on the chart is NOISE... ALL other crazyHumans thought this was very smart to draw a white line on a noisy chart. Call it ...notNOISE...on noisy chart...that was... smart!!!... Then all not-so-crazyHumans went back about their business of making more NOISE...
QUESTion is... at what price... is all this noise changing direction. You too would be smart to answer this without adding MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOORE... NOISE... I already have enough noise in my head...don't you...?... In order not to become part of the insanity (noise) of the first 1/2 hour of trading...I'll try to make sense of another chart...
Everything on this chart is noise...except the green line...if it was a 5minute chart it too would be noise except the green line... Knowing that the ...movinginging averages smooth out some of the noise...I have a couple of averages...knowing the sequence of the 3 averages 3-5-10 as they change direction...I'm going to read between the lines by changing changinging a few of the settings on the chart and technical indicators...so take note of these...and the fact this is a bearish chart of GOLD and around January 24 the bottom fell out and there was a 20% drop in price. I can define this while reading between the lines as ...something significant has happened...in all the world's history of GOLD.
If I was paying attention to certain indicators I would have been out of goldDUST and not been caught in that big drop... First with Bollinger Bands price is effectively boxed in...price outside the bands is significant and I should take note of the other technical indicators when this (significant) happens...especially stochastics because it has a fastline and a somewhat slower line that is a signal line...notice when stochastics went sideways in overbought and recently went sideways in oversold...likely means price is "basing" before its next move...the recent base from oversold has given price a better than 10% move up so all is not lost if you got caught in the 20% drop...it is your job to understand what these indicators on the chart and the technical indicators are saying at certain price levels ...especially when outside the Bollinger Bands and when overbought and oversold...all the rest is NOISE... Hope this helps...
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