During this session, we considered the underlying psychology of price patterns on various gold charts. Although we routinely use Hidden Pivots to trade, they are indispensible for understanding price action at a deeper level.. The ability to “read” stocks is a skill that some students may not even know they possess. Recall how the Karate Kid unknowingly built up his muscles painting fences and waxing cars. He didn’t know he had those muscles until he began to use them for karate. Similarly, as we become increasingly skillful at the mechanical task of finding Hidden Pivots, we subconsciously improve our ability to read the markets with discipline and detachment. This in turn can help bring us to a fundamental understanding of its basic rhythms – which is to say, its psychology.
