Mastering Outside Bars with Gold On Steroids Software Techniques

Look out for "Outside Bars" Full explanation below...

I often mention the concept of "Outside Bar" within the context of the Gold On Steroids Software, which is a powerful tool for analyzing market trends and price movements in the gold trading sector. In the chart referenced above, we can observe a definitive break of the established channel on three separate occasions. Such breaks are significant indicators in technical analysis, as they typically precede a sharp and often volatile movement in the opposite direction. This phenomenon is particularly noteworthy in the context of gold trading, where price stability is often preferred within defined range settings.

Put simply, the #Gold price exhibits a strong aversion to remaining outside of these range settings, which can lead to rapid price corrections and, consequently, very fast profits for traders who are strategically positioned. This is especially true when the Outside Bar formation occurs within a demand zone—often referred to as a BUY ZONE—indicating a strong likelihood of a price rebound. As indicated in the chart above, these demand zones serve as critical areas where buying interest typically increases, leading to upward price movements. Understanding the dynamics of the Outside Bar in conjunction with demand zones can significantly enhance a trader's ability to make informed decisions. It is essential to recognize that these patterns are not just random occurrences; they are reflective of market psychology and supply-demand imbalances. Traders who can identify these signals early can capitalize on the swift movements that often follow, making the Outside Bar a vital component of a successful trading strategy in the gold market.

Once you have acquired the Gold On Steroids Software, which comes equipped with specialized settings tailored for optimal trading performance, you will find that executing trades becomes a straightforward and efficient process. With this sophisticated tool, you can potentially bank over 300 pips with relative ease. The key to harnessing the full potential of this software lies in understanding the setup process. When you identify the specific trading pattern known as the 'outside bar,' you are presented with a prime opportunity to enter the market. At this point, you simply need to execute a BUY order. To manage your risk effectively, it is crucial to set your stop loss at the previous swing low, which acts as a safety net to protect your investments against unexpected market movements. Additionally, it is equally important to set your target at the previous swing high, allowing you to capitalize on upward price movements while maintaining a clear exit strategy.

For anyone seeking further information or clarification regarding the use of the Gold On Steroids Software, please feel free to reach out to me directly via email at info@thetradingmentors.com. Alternatively, you can also purchase the software directly by clicking HERE. One of the standout features of this offering is the comprehensive support and coaching that comes with it for a full 12 months. This extensive support system is designed to ensure that you not only understand how to use the software effectively but also achieve the trading success you aspire to. With dedicated guidance and resources at your disposal, you will be well-equipped to navigate the complexities of the trading world and make informed decisions that can lead to significant financial gains.

Regards

Chris

Head Coach & Trader for over 35 years