Box Trading Mastery. Simply utilize the average movement over a specific period to establish a trading range. Focus on the most recent range. Every time this range is breached, anticipate an equivalent movement in the next range. This is the essence of the 'Box Breakout Strategy,' enabling seamless trading without reliance on external indicators.
I humbly apologize for the extended hiatus, as I was navigating through some profoundly personal challenges. Despite the setbacks, I’m pleased to share that my trading endeavours have not only persisted but also yielded remarkable results. Miraculously, each of our trades has culminated in a profitable outcome, marking a pristine 100% success rate. Allow me to...
Hello, TradingView community! One of the foundational elements of technical analysis is the concept of 'Support and Resistance'. Whether you're trading BTCUSD, Gold, or any other instrument, these principles remain consistent. Let's dive in! 1. What are Support and Resistance? Support is a price level where a downtrend can be expected to pause due to a...
Hi, This is a trade review for 27 July 2023. Here are some details for the trades. XAUUSD 1-hour time frame 2% per trade 3 lose, net -3R / -6% Due to the robust US data, Gold experienced a significant decline, resulting in a substantial setback. Unfortunately, all three of my carefully positioned mechanical trades ended up losing -3R, erasing all the profits I...
True story: Yesterday I was having a cigar perched under an umbrella in the rain - not ideal, but peaceful nonetheless. And out pops a family of birds to feast on the worms that rise to the surface in need of some high quality H2O - little did I know, this would become one of my favourite trading metaphors of all time! The Rain = Despair/Panic The Birds =...
The monthly nonfarm payroll data is coming soon. Do you know how it will affect gold prices? The "nonfarm" data is released by the US Department of Labor on the first Friday of each month. It consists of three values: nonfarm employment, employment rate, and unemployment rate, which reflect the development and growth of the manufacturing and service industries....
Trading Gold (XAUUSD) Using Heiken Ashi (HA) Framework With the candlestick pattern, we will have a clearer direction in trend trading. Minimizing the problems that occur with the wrong direction leading to errors. On the video, we will clearly see the difference between the 2 candlestick patterns and the HA pattern. Entry conditions at the start of the trend Exit...
Take profit and stop loss are one of the most important links in the entire trading system. After studying this article, you will be able to thoroughly understand the stop loss method. You can bookmark it before reading it. If you feel that you have gained something, you can like it, thank you. 1. 6 stop loss methods Stop loss means that when our order loss...
For most trading masters, their success is not based on luck, but on strength. They all have a deep understanding of market trends and the ability to continuously learn and adjust. At the same time, they also have a calm mind and meticulous analysis ability, and can fully consider various possibilities and risks when making decisions. They usually have their own...
A reasonable trading plan is the starting point of success An excellent investor never trades aimlessly. Before making a trade, they always have their own trading plan to help them identify trading opportunities and avoid chasing market trends. Developing and executing a trading plan is an important component of trading success. So, how do you develop and execute...
Before entering the market, we knew about the Pareto principle in the trading field. But after studying it for a while, you may enter the market with confidence, thinking that trading is not that difficult and that you are superior and can beat the so-called "housewives." This is the human tendency to overestimate oneself and be overconfident. After entering the...
Given that no matter what market conditions may be, there will always be friends who find themselves trapped in a position, here are several methods for unlocking these positions: Long-term unlocking: If an investor has a clear view of the big trend (such as a bullish market), and their position is trapped in a small trend (a dip in the market), they can first...
Today, the U.S. February quarter-adjusted non-farm payrolls data will be released. Everyone knows that this data will play a key role in the gold market, because the performance of non-farm payrolls will directly affect the fundamental sentiment, which will determine the direction of the gold market in a short period of time.Does the non-farm payrolls data to be...
Here we will use the United States as an example since it is a major world economy with significant influence and weight. Point 1: Release of important data For instance, the release of US non-farm payroll (NFP), employment data (ADP), initial jobless claims, CPI, GDP, PMI, etc. all have varying degrees of impact on the price of gold. Often, the release of...
How to grasp the trend in this market? It is to follow the trend. When the trend comes, the invisible force is pushing you forward. To gain profit and income in the gold and foreign exchange markets, this is particularly important. What is the secret to making profits? The answer is simple and also the most overlooked and precious thing that is free, just like...
OANDA:XAUUSD Gold has been an inconsistent inflation hedge, but there may still be benefits to holding a small amount of the yellow metal in your portfolio. Gold has historically had a low or even negative correlation to both stocks and bonds, suggesting it offers value as a tool of diversification. Gold prices held up pretty well during the Covid-19 pandemic...
Generally, traders who participate in buying and selling gold futures contracts sell and buy back the same number of contracts as the previous contract before the contract expiration date, which is known as closing out, without the need for physical delivery of gold. The profit or loss from each transaction is equal to the difference between the buy and sell...
Hey guys. I'm Martin Sylvester😅😅😅😅 Everything Charts. I want to engage you a little. If your chart is open. You could use horizontal lines on the higher Timeframe like D1. Something is really really nice there and I spotted it. I may be wrong but it's so sweet and I'll like to share it. $2000 price $1900 price $1800 price $1700 price Each with 1000pips...