Justwin
GBPAUD and GBPNZD Documneted 17 Reverse TradesToday we had a correlated down move in the GBP pairs as The Bank of England cut their interest rate.
This set up our 17 Reverse trades:
GBPAUD was the next to last to trigger and had a 17 pip draw down and was good for + 53 pips while
GBPNZD was the last to trigger (our preferred choice) and had a draw down of only 9 pips and was great for +128 Pips
Allen
GBPNZD Documented Type 1 Trade + 69 Pip PotentialThe above is the documented Type 1 Trade on GBPNZD pursuant to the Gold Method Ichimoku:
We had all 4 Horseman aligned and it was a good solid trade to end the week.
Allen
Since I was sick last week and have not caught up with documenting those trades, I have not filled in the spreadsheet as it is POA to enter data out of order, and done a weekly review.
I anticipate being caught up by next week and will make the post accordingly.
The Gold Method Ichimoku Weekly ReviewHere is the Weekly review for the week of January 20th through the 24th:
Another strange week as the GBP pairs remained in a consolidation.
We only took one trade, which was a failed breakout on GBPAUD on Monday for a loss of -27.6 pips.
Recognizing and adapting to the current market conditions we became more selective with our trades. By doing so we avoided taking three more losses this week and you can never discount the benefit of not putting a hole in your account.
Moreover, we did have 2 trades that came close but did not reach our entry and therefore were invalidated. A huge benefit of using specific entries is that it allows us to have a small stop loss and hence a larger position based (based on risk%). The downside is sometimes, like this week, we will miss trades.
So there it is, the first losing week for the Gold Method Ichimoku since we started.
Consolidation is followed by expansion, market fact!!
Stay Green my friends,
Allen
The Gold Method Ichimoku Weekly ReviewThis week tested our patience and discipline in the Trade room for The Gold Method Ichimoku.
Here is a day by day breakdown:
Monday, we passed on both a breakout trade and a MA trade, both of which made money. However, despite the potential result the decision to stay out based on the market conditions at the time was correct.
Tuesday, we had a very nice Type 1 Break out trade on GBPNZD which was good for 26 pips.
Wednesday, we took a news/MA trade in GBPJPY that we closed flat.
Thursday, we had a Type 1 Breakout trade in GBPCHF which quickly jumped up 10 pips, but then unfortunately failed.
Friday, While we got teased with a couple of potential trades before UK retail sales, we got a News/MA trade in GBPJPY after that went for 45 Pips. ( I closed my position flat as did some others). However several traders who needed the trade to get above their BFV stayed in and accomplished the goal. Well Done!!!
Sincerely,
Allen Gold
Since I have had several more traders inquire about the book and I hate to turn people away, if you are interested in the book, please send me an email at FXGOLD54@gmail.com
GBPJPY Post UK News documenetd trade +122 Pip PotentialThe UK interest rate decision was released today at 12 pm GMT and turned out to be a non-factor. That allows to revert to our technical trades, which provided a Type 1 Breakout on GBPJPY.
With all 4 Horseman aligned, this pair ran beautifully down to our profit target.
Allen
The Gold Method Ichimoku Weekly reviewThis was our Seventh week, and the last of the month, in the Training room for The Gold Method Ichimoku.
I need to thank those who took part and for all their hard work and effort this week. With the various news events we were meeting at different times and looking at different market conditions Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our days together:
6 winning trades
1 losing trade
Pips won: + 2768
Pips Lost: - 20.3
Here is a day by day breakdown:
Monday: We had a Type 1 trade set-up in GBPJPY which triggered, rocked up to our Profit target, closing for 75.1 Pips profit. The trade never saw red
Tuesday: We took a news trade on GBPAUD, which did not work out -20.3 Pips but then Had a great textbook Type 2 trade in GBPNZD god for 82.2 pips.
Wednesday: We took a Type 1 PB trade in GBPNZD trade which worked out unfortunately we got out prematurely with a +10.7 pip gain.
Thursday: We took a GBPJPY Type 1 breakout banking 33.9 Pips and another Type 2 Trade in GBPNZD good for 24.8 PIps
Friday: Starting with a mixed market, we patiently waited for the right opportunity. Which came in a MA trade on GBPAUD which we closed for +50 Pips, although it did reach our profit target of 60. Awesome trade that got positive quickly and stayed that way.
For the week, since I risk 2% per trade, I ended the week with a 21.08% gain. Another Great week!!!
Sincerely,
Allen Gold
* Remember Monday is the deadline to join the Gold Method Ichimoku.
** And for those who missed it…
After I am done with new trader training and starting on December 9th, I will be converting the training room into a trade room for The Gold Method Ichimoku.
This will give all members real time insight as to what I am “seeing” in the live market and allow me to further explain concepts.
All for the tremendous, outrageous price of Zero, nadda, nothing.
The Gold Method Ichimoku Program updateHello Traders;
I just wanted to thank everybody who expressed interest, and those who are participating, in The Gold Method Ichimoku experience. i.e. The Gold Diggers.
The program is now closed.
Understand my goal was/is to take a group of motivated traders who are willing to work and help them become Professional Traders. Based on the feedback and results the Gold Diggers have been achieving, that goal will be obtained!!!
An integral part of the process is the training room and since I will not be conducting new trader training, beyond the sessions scheduled for the week of December 2, my book is also no longer available.
Thank you again,
Allen aka FXGold
The Gold Method Ichimoku Weekly ReviewThis week was our Sixth in the Training room for The Gold Method Ichimoku. And our best one!!!
First, I want to thank those who participated and for all their hard work and effort this week. Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 5 days together:
3 winning trades
1 unsuccessful trade
Pips won: 206.6
Pips Lost: 19.4
Here is a day by day breakdown:
Monday, we took a GBPCAD breakout trade. It was a good Type 1 Breakout set-up with a correlated up move allowing us to hold the whole position to the profit target. +75 Pips and a 6.12% gain
Tuesday, the best trade set-up we had was a pullback trade on GBPAUD, however, it triggered 12 minutes before the UK employment numbers came out. So we did not take the trade but it would have produced a good result. Something to know for the future.
Wednesday, we took a GBPNZD news trade that never saw red, closed for +80.2 pips and a 8.02% gain
Thursday, we got a News trade in GBPAUD after the AUD employment news release. This trade was closed for nifty 51.4 pips and a 5.43% gain.
Friday, we took a Type 1 PB trade on GBPNZD, while most of us, including myself, got clipped out, several traders did not and made money on the trade. However, being the lead dog, I will take it as a loss -19.4 Pips for -1.97% loss
For the week, since I risk 2% per trade, I ended the week with a 17.6% gain and the majority of the room achieved similar results.
Sincerely,
Allen Gold
Please be aware that today is the last day to obtain the book, participate in the training and all the other bonus that I have been giving out.
If you are interested in The Gold Method Ichimoku, please act quickly to avoid disappointment, as at this time, I do not plan on taking on new traders in 2020.
If you are interested or have any questions, please send me an email or message me.
The Gold Method - Ichimoku The Gold Method – Ichimoku has been generating consistent profits as verified by the traders in my training, who have become known as the “The Gold Diggers”.
The Methodology is contained in my E-book, The Gold Method – Ichimoku. This is the most complete publication that I have done. The first several chapters, explain in great detail, my methodology. The next 20 Chapters is a step by step, day by day application of the methodology for varying real-life market conditions.
I will explain and you will see, as there are tons of screenshots, how each step of the methodology is progressed through. The end result will be knowing the best pair to trade, direction and specific entry and exits.
You will be presented with high probability set-ups with good to great RRR and equally important when there are no high probability trade set-ups.
Included with the purchase of the E-book is the following:
1) The Book itself…duh
2) Unlimited email support.*
3) The excel spreadsheets, for all pairs, that I use to help document my trades.
4) And most important, 4 Sessions in my training room, where we will work in live market conditions from 1:45 am est., to 4am est., on Monday, Wednesday, Thursday and Friday.**
The Purchase price is $54.95, which unfortunately is non-refundable as the material and training are proprietary. As I am sure you can understand, once you have it, there is no way to get the genie back in the bottle. Because of that, I would urge you, before, you purchase my Ebook, to look at my trading posts and make sure for yourself that this is for you.
As most of you know, I combine Strength and Weakness, Correlation and Multiple time frame analysis with Ichimoku concepts. The result of which are High probability (85% or better) set-ups with good to great risk reward ratio (3-1 or better).
I am not interested in the amount of trades, just the quality. If you want to just hit buttons and place trades, this is not for you. If you want to generate consistent income read on…
To purchase the book please remit $54.95, via Paypal, to FXGold54@gmail.com
Please note that the last new trader training will be the week of December 2. Since I think it is extremely beneficial to have the book at least 2 weeks prior to the training, the last day to obtain the book will be November 15.
Sincerely,
Allen S. Gold
Lead Trader for FXGold, L.L.C.
The Gold Method Ichimoku Weekly ReviewThis week was our fifth in the Training room for The Gold Method Ichimoku.
First, I want to thank those who participated and for all their hard work and effort this week. Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 5 days together:
3 winning trades
2 unsuccessful trades
Pips won: 83.3
Pips Lost: 50.9
Here is a day by day breakdown:
Monday, we took a loss on GBPAUD breakout trade. It was a good Type 1 Breakout set-up that just did not work out. – 26.2 pips and a -2.12% loss
Tuesday, we hit on 2 trades, both on GBPCAD, first we got a Breakout trade which was good for +25.4 pips and then we got the pullback trade good for 31.7 pips netting 5.23% gain
Wednesday, we took a GBPNZD Breakout trader that failed for -24.7 and a – 1.96% loss
Thursday, we got a News trade after the UK interest rate decision, which while it did not run as far as would have liked (they never do) we banked 26.2 pips for a 2.57% gain.
Friday, no high probability trades presented so no trades were taken.
For the week, since I risk 2% per trade, I ended the week with a 3.72% gain and the majority of the room achieved similar results.
Sincerely,
Allen Gold
Additionally, I want to give everybody a heads-up that the last new trader training session for 2019 is going to be the week of December 2. Since I think it is extremely beneficial to have the book at least 2 weeks prior to the training, the last day to obtain the book will be November 15.
If you are interested in The Gold Method Ichimoku, please act before then, as at this time, I do not plan on taking on new traders in 2020.
If you are interested or have any questions, please send me an email or message me.
The Gold Method Ichimoku Weekly/Monthly reviewThis was our fourth week, and the last of the month, in the Training room for The Gold Method Ichimoku.
I need to thank everybody who participated all month long, especially those this week who stayed late, logged in during the various news events and put in the extra work. You all were awesome, and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 4 days together:
3 winning trades
Pips won: 72.5
Pips Lost: Zero
Here is a day by day breakdown:
Monday: We had a Type 1 trade set-up in GBPNZD which triggered, rocked up and ee were able to close for 33.7 Pip profit in 18 minutes. The trade never saw red
Tuesday: We did not have a high probability trade set-up and therefore no trade.
Wednesday: We took a GBPCAD Breakout trade that jumped up +26 pips even faster than Monday’s and we closed for a nice +25.2 pip gain.
Thursday: We took a GBPCAD Type 1 breakout which perhaps we closed a little pre-maturely netting 12.6 pips and .74% gain.
Friday: Is Non-Farm Friday payroll, so will take the day off and enjoy a 3 day weekend
For the week, since I risk 2% per trade, I ended the week with a 5.13% gain. A good solid week. More importantly, I think everybody in the room learned a tremendous amount that will yield benefits in the future.
For the Month, ended with a 15.13% gain
Sincerely,
Allen Gold
** As some of you know, I combine Strength and weakness, correlation and multiple tine frame analysis with Ichimoku concepts.
Applying my methodology, you will know the best pair to trade, direction as well as specific entries and exits.
I am holding an introductory webinar on Tuesday November 5 at 5:30 am GMT (30 minutes before the European open)
I will explain the components of my methodology and the logic behind it Refreshments will be served....Lol
If you are interested, shoot me a message with your email or respond below and I will send you an invite.
The Gold Method Ichimoku Weekly reviewThis was our third week in the Training room for The Gold Method Ichimoku.
I need to thank everybody who participated, stayed late and put in the extra work. You guys/girls were awesome, and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 4 days together:
2 winning trades
2 losing trades
1 flat trade
Pips won: 66.6
Pips Lost: -52.3
Here is a day by day breakdown:
Monday: We had a Type 1 trade set-up in GBPAUD which unfortunately did not work out. We then got a SMA trade, which did work in our favor and ended the day with a +.40% gain
Tuesday: We did not meet.
Wednesday: We took a GBPCAD Breakout trade that failed for -25.3. pips.
Thursday: We took a GBPAUD Type 1 breakout which all of traders in the room, myself included, netted between 28 and 33 Pips.
Friday: We took a Type 1 Bo trade on GBPCAD which challenged, but did not hit, our stoploss twice. The trade was closed in the room for a small gain but had decent pip potential if we stayed in.
For the week, since I risk 2% per trade, I ended the week with a 1.3% gain. Certainly not the most productive weeks in percentage gain but I think everybody in the room learned a tremendous amount that will yield benefits in the future.
Sincerely,
Allen Gold
If you are interested in a complimentary 2 days in my training room, please message me and provide your e-mail
The Gold Method Ichimoku Weekly reviewThis was our second week in the Training room for The Gold Method Ichimoku.
I need to thank those who took part and for all their hard work and effort this week. With the various news events we were meeting at different times and looking at different market conditions Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 4 days together:
1 winning trade
1 losing trade
Pips won: 30.9
Pips Lost: -26
Here is a day by day breakdown:
Monday: We had a very Nice Type 1 trade set-up which unfortunately did not trigger till 1:11 pm GMT (9:11 am edt) which is outside our trading hours. The trade had a drawdown of only 8 pips with a pip potential of 126.
Tuesday: We did not meet. However, the traders provided their set-ups with the consensus being that GBPNZD was the best Type 1 trade. That trade generated 93 pips with a drawdown of a mere 3 pips.
Wednesday: We took a GBPCAD Breakout trade that failed for -26. pips.
Thursday: We took a MA trade which most traders, myself included, netted between 30 and 37 Pips.
Friday: No trade.
For the week, since I risk 2% per trade, I ended the week with a 1% gain.
As discussed before the training room ended, trading during the U.S. Session would have generated a significantly greater %gain. Specifically, the GBPMZD trade on Monday would have closed for a 6% gain and there were 2 MA trades (1 winner and 1 loser) that would have netted 4%. So, the opportunity for a 11% week was there.
Sincerely,
Allen Gold
The Gold Method IchimokuThe Gold Method – Ichimoku
My New E-book, The Gold method – Ichimoku, is now available!!! This is the most complete publication that I have done. The first several chapters, explain in great detail, my methodology. The next 20 Chapters is a step by step, day by day application of the methodology for varying real-life market conditions.
I will explain and you will see, as there are tons of screenshots, how each step of the methodology is progressed through. The end result will be knowing the best pair to trade, direction and specific entry and exits.
You will be presented with high probability set-ups with good to great risk reward ratio and equally important when there are no high probability trade set-ups.
Included with the purchase of the E-book is the following:
1) The Book itself…duh
2) Unlimited email support.*
3) The excel spreadsheets, for all pairs, that I use to help document my trades.
4) And most important, 4 Sessions in my training room, where we will work in live market conditions from 1:45 am est., to 4am est., on Monday, Wednesday, Thursday and Friday.**
The Purchase price is $54.95, which unfortunately is non-refundable as the material and training are proprietary. As I am sure you can understand, once you have it, there is no way to get the genie back in the bottle. Because of that, I would urge you, before, you purchase my Ebook, to look at my trading posts and make sure for yourself that this is for you.
Moreover, this is not a novice book, it does require basic trading knowledge.
As most of you know, I combine Strength and Weakness, Correlation and Multiple time frame analysis with Ichimoku concepts. The result of which are High probability (85% or better) set-ups with good to great risk reward ratio (3-1 or better).
I am not interested in the amount of trades, just the quality. If you want to just hit buttons and place trades, this is not for you. If you want to generate consistent income read on…
To purchase the book please remit $54.95, via Paypal, to FXGold54@gmail.com
Please use the same email you want the Ebook and Bonus material sent to. Please note that the material and training room invitation will only be sent to that e-mail address (unless you advise otherwise in advance).
Sincerely,
Allen S. Gold
Lead Trader for FXGold, L.L.C.
How to be a Successful Forex trader Segement 12Ichimoku Daily Levels:
The ichimoku Daily levels are like stone walls. price hits them and stops. As you can see above price came down to the Daily Kejun Sen (black line) at 1.63258 and reversed.
You could have placed a buy order at that level with the following parameters:
Entry: 1.6325
Sop: 1.6295
Risk = -30 pips
profit target = 1.6403 (the daily Senkou B)
Reward = + 73 Pips
RRR = 2.43 - 1
that trade would have hit the Profit target for + 73 pips
with a draw down of 19 pips
You could then take a stop and reverse trade at the Daily Senkou B
which would have been good for + 42 pips with a drawdown of only 5 pips.
Although the daily Ichimoku levels are very powerful, the only issue is the amount of trades.
Moreover, I would point out that you only want to trade the level the first time and reaches it.
hope you guys like the post.
Also I would like to thank everybody who has pre-ordered my new book which will be published this Monday September 30th.
Those who have pre-ordered, will be receiving their copy tomorrow afternoon ( Friday September 27).
In fact, from all the support I have gotten while working on the book has made me even more precise and focused resulting in one of my best performance months ever.
Accordingly, I felt compelled to give a little love in the book to everybody who has pre-ordered the book, because it has in fact raised my game.
I can't wait to work with each and everyone of you and assist you in becoming professional traders.
warm regards,
Allen
How to be a Successful Forex trader Segment 11Contingencies:
Plan for the worst and have contingencies. As was I preparing for today’s trading session, I lost my internet. But I had a contingency in place.
There are 3 main issues traders can face, in addition to the market.
1. You can lose Power,
2. You can lose internet,
3. Your computer crashes
It is prudent to have contingency plans in place for all the above as they usually happen at the worst possible time.
Power: A good quality back-up will solve this problem and although 99% of the time it does nothing, when you lose power you will be ecstatic you have it.
Internet, Although Internet has become more reliable, it still goes out as mine did today. I have on more than a few occasions driven to the 24/7 McDonalds to use their wi-fi in the middle of the night. However, most newer phones will allow you to use the phone as a Wi-fi Hotspot or better yet, tether it directly to your computer. That is what I did today and was able to trade.
Computer issues. A good reliable, well maintained , computer is a must for the professional trader, it is your life blood. Not only should you run diagnostic and cleaning programs on a regular basis, you should blow out your computer at least every 3 months. It is absolutely amazing how much dirt/dust accumulates inside. In addition to maintaining your trading computer, you need to have a back-up, it can be an older computer and it does not need to have all the “bells and whistles” as your main computer but enough to run your essential trading programs.
I hope you enjoy this post and find it helpful. I would appreciate if you "like" it and follow me.
Stay Green my Friends :)
Allen
I am now accepting pre-orders for my book. As one of the Bonuses, I am providing 4 days of live training (limited to 10 traders per session) and those who pre-order, will receive priority placement. The cost of the book is $54.95 and will be available September 30. If you interested please send me an email to FXGold54@gmail.com
How to be a Successful Forex Trader Segment 10Correlation:
Correlation is a key concept and can make the difference between both winning trades and losing trades as well as good trades becoming great trades.
As those who follow me know, I trade almost exclusively the GBP pairs. Ideally, we want to see all the pairs moving in the same direction. That is a great sign that not only will the trade be successful but that there will be a big move. If there is a correlated directional move, there is a high probability that it will be a big move day. When that happens, once the trade is 1xRisk, we can move the stop to flat and let it run to the profit target.
When the pairs are mixed, we have to be more cautious. If they are evenly split, 3 bullish and 3 bearish, we can take the first breakout trade, but not pullback trades. Once that trade is + 1xRisk, we can close ½ our position and move the stop to flat. This is how we make money on not so good days.
Monday, Tuesday and Wednesday of this past week were great examples of correlated directional moves. While Thursday, was a split day where at the European open 3 of the GBP pairs were bullish and 3 were bearish. The GBP pairs sold off first allowing for a decent gain in GBPCHF and then rallied.
If you master Correlation, your trading will go to the next level.
I hope you enjoy this post post and find it helpful. I would appreciate if you "like" it and follow me.
Stay Green my Friends :)
Allen
I am now accepting “pre-order” commitments for my book. I am not asking for any money now. But for those who pre-order, they will receive a priority for one of the bonuses that I am providing. The cost of the book is $54.95 and will be available September 30. If you interested please send me an email to FXGold54@gmail.com
How to be a Successful Forex Trader Segment 9 How many Trades do you need?
I am often asked or advised that I should post more trades and/or have a signal service. This brings me to how many trades do you need. Understand, that enjoying the lifestyle that trading affords is always something you want to strive for. Do you want to be strapped to your computer for 8-12 hours a day? where is the fun in that?
if you have read my trade set-ups they are all designed to be high probability set-ups with Good to great RRR. However, there are only so many of those per day and I prefer to take the very best set-up there are. I risk 2% of of my capital per trade, always looking for at least a 3-1 RRR (meaning I am risking $1 to make $3). Simple math, If i net 2 winning trades per week, that is a 12% gain !!!
As I often ask traders, "if you could make 10-12% per week but could only take 2 trades would you do it?" the answers always surprise me, from outright no, to yes but I would hate myself, to sure but i would trade on the side (point of question goes over head...lol). As a professional trader, your purpose is make Money, PERIOD!!! it is not to hit buttons.
when reviewing your trades, are there low probability set-ups that you could eliminate?
Are there trades where the RRR is less then 3-1, eliminate those ad see where you would be?
I hope you enjoy this post and find it helpful. I would appreciate if you "like" it and follow me :)
Stay Green my Friends :)
Allen