Gold Spot / U.S. DollarUpdated [Information] How to trade efficient and How to make profitable
Hi, guys.
As I promise, I bring how to trade efficient and how to make profitable.
I am not going to say this method change your life rapidly.
Definitely that is not true.
You need practices, backtesting, and trading with demo until you are familiar this concept and feel comfortable.
Nothing can make profit instantly and we all know we need practice again and again.
I am going to stop teaching lesson, that is not the reason the people who want to know the method.
Two indicators are essential for trading.
1. 2 EMA; 5 days and 15 days
2. Ichimoku "BASE LINE ONLY".
That's all. Then how to trade for long position and short position.
Please follow it step by step.
You must need to use 5 Min chart.
**Long position**
1. 5 days EMA and 15 days EMA must be above the base line.
2. Once all 3 lines are straight arrangement, then you can trade when 5 days and base line are crossing. (As you know, you will enter on next candle, not same candle. Please enter on next candle. This is important)
3. Stop-loss would be last candle's lowest value + 1-2 pip (10-20 points/Gold case 100-200 points) or last candle's base line value.
4. Profit would be 1:2 RR. After 1:2 RR, you need trailing stop.
**short position**
1. 5 days EMA and 15 days EMA must be below the base line.
2. Once all 3 lines are reverse arrangement, then you can trade when 15 days and base line are crossing. (As you know, you will enter on next candle, not same candle. Please enter on next candle. This is important)
3. Stop-loss would be last candle's highest value + 1-2 pip (10-20 points/Gold case 100-200 points) or last candle's base line value.
4. Profit would be 1:2 RR. After 1:2 RR, you need trailing stop.
It seems to be too easy, and you don't understand why I am sharing this if it is profitable.
Yes, it is profitable method and winning ratio is more than 80% on backtest and live trade.
I have experiences that blowing accounts, scammed by scammer, etc since entered in FX/Option market.
I do not want to see people are struggling and too frustrated.
I cannot put 5 min chart, that's why I use 15 min chart. But as you can see as example, I took long position. It took profit 1:2 RR and also ultimately got 1:5 RR which is not necessarily.
Please go through it by yourself and find out whether it works or not.
I am here to help people, not against people. Greedy is killing people. Respect and support people makes our life better.
If you have question, please leave the comment. I will try to help as much as I could
As I promise, I bring how to trade efficient and how to make profitable.
I am not going to say this method change your life rapidly.
Definitely that is not true.
You need practices, backtesting, and trading with demo until you are familiar this concept and feel comfortable.
Nothing can make profit instantly and we all know we need practice again and again.
I am going to stop teaching lesson, that is not the reason the people who want to know the method.
Two indicators are essential for trading.
1. 2 EMA; 5 days and 15 days
2. Ichimoku "BASE LINE ONLY".
That's all. Then how to trade for long position and short position.
Please follow it step by step.
You must need to use 5 Min chart.
**Long position**
1. 5 days EMA and 15 days EMA must be above the base line.
2. Once all 3 lines are straight arrangement, then you can trade when 5 days and base line are crossing. (As you know, you will enter on next candle, not same candle. Please enter on next candle. This is important)
3. Stop-loss would be last candle's lowest value + 1-2 pip (10-20 points/Gold case 100-200 points) or last candle's base line value.
4. Profit would be 1:2 RR. After 1:2 RR, you need trailing stop.
**short position**
1. 5 days EMA and 15 days EMA must be below the base line.
2. Once all 3 lines are reverse arrangement, then you can trade when 15 days and base line are crossing. (As you know, you will enter on next candle, not same candle. Please enter on next candle. This is important)
3. Stop-loss would be last candle's highest value + 1-2 pip (10-20 points/Gold case 100-200 points) or last candle's base line value.
4. Profit would be 1:2 RR. After 1:2 RR, you need trailing stop.
It seems to be too easy, and you don't understand why I am sharing this if it is profitable.
Yes, it is profitable method and winning ratio is more than 80% on backtest and live trade.
I have experiences that blowing accounts, scammed by scammer, etc since entered in FX/Option market.
I do not want to see people are struggling and too frustrated.
I cannot put 5 min chart, that's why I use 15 min chart. But as you can see as example, I took long position. It took profit 1:2 RR and also ultimately got 1:5 RR which is not necessarily.
Please go through it by yourself and find out whether it works or not.
I am here to help people, not against people. Greedy is killing people. Respect and support people makes our life better.
If you have question, please leave the comment. I will try to help as much as I could
Note
You can play only 3 hours and you could trade at least 1-2 trades per day which mostly profitable.Once you are done maximum 3 trades a day, then go outside.
Do not trade more, don't be greedy. Everyday step by step, steadily and slowly will be better. :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.