for day trading, I estimate the success rate is around 25%. In fact, I have minimised my gold chart. if gold still refuse to improve, I will delete the chart. perhaps other traders can do a better job day trading it.
gold is a highly emotional mean motorscooter, lol. another train will come into the station. and i know you are ready to roll, padman.
you are probably right but the rewards are huge. and given a choice between a small certain reward and a big uncertain reward, research shows that most people would choose the uncertain big reward. this is because people like to dream...riches
as you can see i do not decide a target.......deciding a target may make you prejudice and not take notice of price action...... that may make mockery of the target expected.