Whats next for XAUUSD?
Happy new year to all! Make sure this year you take MASSIVE ACTION with a state of urgency to achieve your goals and dreams.
Gold is looking nicely right now inside this range I have highlighted out. I am looking for a bearish signal at around level the level we are at at the time of writing this (2655) and the level 2663. If we get a support forming and then a bullish signal, I will be going long instead.
Always REACT to what you SEE. Not what you THINK will happen.
How are YOU going to improve on your results from last year?
1. Treat your trading like a business. If you do not follow your business plan, you are not taking it seriously. Have your system, entry and exit plan, risk plan and your adaptability plan locked down. If 'x' happens when I am in a trade I will do 'y' etc. You need to take this seriously. Hold yourself accountable. Focus on weekly results, not daily.
2. I use the 4 hour chart for my high win rate system. The last 20 trades I took from this are from the start of October to present.... Thats 3 months! 20 trades.. 3 months! 12 weeks, averaging 1 - 2 trades a week. Less equals more.
3. Its not your system thats the problem.. its you. Always remember that. Don't change systems because you're failing. Change your behaviour.
Lastly I am not a perfect trader.. I make the same mistakes you do. But I'll be damned if I give up becoming 100% perfect.
Comment below how you are doing and what you will achieve this year in 2025.
Also let me know in the comments if there is anything you want help with and I will follow up with a post or a video!
~* Woodsy
Gold is looking nicely right now inside this range I have highlighted out. I am looking for a bearish signal at around level the level we are at at the time of writing this (2655) and the level 2663. If we get a support forming and then a bullish signal, I will be going long instead.
Always REACT to what you SEE. Not what you THINK will happen.
How are YOU going to improve on your results from last year?
1. Treat your trading like a business. If you do not follow your business plan, you are not taking it seriously. Have your system, entry and exit plan, risk plan and your adaptability plan locked down. If 'x' happens when I am in a trade I will do 'y' etc. You need to take this seriously. Hold yourself accountable. Focus on weekly results, not daily.
2. I use the 4 hour chart for my high win rate system. The last 20 trades I took from this are from the start of October to present.... Thats 3 months! 20 trades.. 3 months! 12 weeks, averaging 1 - 2 trades a week. Less equals more.
3. Its not your system thats the problem.. its you. Always remember that. Don't change systems because you're failing. Change your behaviour.
Lastly I am not a perfect trader.. I make the same mistakes you do. But I'll be damned if I give up becoming 100% perfect.
Comment below how you are doing and what you will achieve this year in 2025.
Also let me know in the comments if there is anything you want help with and I will follow up with a post or a video!
~* Woodsy
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