AGold54

AGold54

CCS Disease: CCS Disease is a disease many new traders are afflicted with and it can be fatal!! CCS disease is short for "constantly changing strategies". Certainly, I firmly believe that a trader must find a trading strategy that fits both their personality and the time they have to trade. However, once you find a strategy that you like, imho, you must back...

AGold54 Updated 

We have a nice down move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR. Entry = 1.9305 Stop = 1.9325 Risk = 20 pips Profit target = 1.9221 Reward = + 84 Pips RRR = 4-1 **Once this trade is up + 25 pips, move your stop to breakeven and let it run

AGold54 Updated 

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. Entry = 1.8350 Stop = 1.8375 Risk = 25 pips Profit target = 1.8275 ( The projected daily low ) Reward = 75 Pips RRR = 3-1

AGold54 Updated 

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 136.23 Stop =136.43 Risk = 20 pips Profit target = 135.35 ( The projected daily low ) Reward = 88 Pips RRR = 4.5-1 2nd Entry = 135.50 Stop = 135.80 Risk = 30 pips Profit target =...

AGold54 Updated 

AUD weaken significantly after the Monetary Policy meeting minutes were released. So lets take advantage. This pair has now gone into a consolidation between 1.6418 (High) and 1.64068 (Low). Moreover, it is now Above the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS Entry = 1.6408 Stop = 1.6388 Risk = 20 pips Profit target = 1.6468 Reward = 60...

AGold54 Updated 

Price is below the Daily, and 60 as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.8341 Stop = 1.8361 Risk = 20 pips Profit target = 1.8238 ( The projected daily low ) Reward = 103 Pip RRR = 5-1 2nd Entry = 1.8289 Stop = 1.8314 Risk = 25 pips Profit target =...

AGold54 Updated 

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. Entry = 137.43 Stop = 137.63 Risk = 20 pips Profit target = 136.60 ( The Daily Support level ) Reward = 83 Pips RRR = 4-1

AGold54 Updated 

Although, I am not a big fan of taking trades late in the US Session, This news trade is a good one. That said, please use appropriate risk management as the spreads tend to expand considerably late in the US Session into the Sydney Session. We had a good push down on the GBP pairs on UK Brexit news and this pair has now gone into a consolidation between 137.73...

AGold54 Updated 

We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR. Entry = 1.8301 Stop = 1.8281 Risk = 20 pips Profit target = 1.8361 Reward = + 60 Pips RRR = 3-1 * understand that this entry is based on a moving Average, so it will...move. I will update before it is triggered. **Once this...

AGold54

BACK TESTING CONT.: High probability set-ups To be a consistently good trader, you must trade in a consistent manner. As those of you who follow me and review my trade idea’s know, they are the same, almost boring. You see Type 1 (Shown above) or Type 2 trades all the time and they look all the same. EXACTLY!!! That is what you need. If you have taken (either...

AGold54 Updated 

We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR. Entry = 1.8247 Stop =1.8227 Risk = 20 pips Profit target = 1.8320 Reward = + 60 Pips RRR = 3-1 * Understand that this entry is based on a moving Average, so it will...move. I will update before it is triggered. **Once this trade...

AGold54 Updated 

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. Only looking for a Pullback entry today Entry = 1.6838 Stop = 1.6858 Risk = 20 pips Profit target = 1.6746 Reward = 92 Pips RRR = 4.5-1

AGold54 Updated 

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.6932 Stop = 1.6952 Risk = 20 pips Profit target = ( The projected daily low ) Reward = 132 Pips RRR = 6.6-1 2nd Entry = 1.6852 Stop =1.6882 Risk = 30 pips Profit target = 1.8762...

AGold54 Updated 

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.3304 Stop = 1.3324 Risk = 20 pips Profit target = 1.3203 ( The projected daily low ) Reward = 101 Pips RRR = 5-1 2nd Entry = NEED a CLOSE below 1.3263 Stop = 1.32?? Risk = 20...

AGold54 Updated 

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries (it is one or the other, not both) Entry = 1.6968 Stop =1.6988 Risk = 20 pips Profit target = 1.6845 ( The projected daily low ) Reward = 123 Pips RRR =6.15 - 1 2nd Entry = 1.6937 Stop = 1.6967 Risk = 30 pips Profit target...

AGold54

BACK TESTING CONT.: Picking up from my last Educational post, Segment A... Pip Potential (PP) is a key component for me as it allows me to statistically determine how far a trade will run. In all my trades, I want, at the very least, a 3-1 risk to reward ratio (RRR). Basically I want to make $3 for every $1 I risk. Please understand and, this is very important...

AGold54 Updated 

Price is below the Daily and the 15 KS as well as the cloud, but above the 60 KS. This is a Type 2 trade with a High probability and good RRR. Entry = enter short on a CLOSE, not a penetration, below the 60 KS at 1.25932 Stop = approx 1.2610 Risk = 20 pips Profit target = 1.2530 ( The projected daily low ) Reward = 60 Pips RRR = 3-1

AGold54

BACK TESTING: Some traders find it helpful other do not. Back-testing is, imho, the most critical part of trading Back-testing the proper way, although arduous, provides incredibly valuable data. It is the Ditch digging of trading but well worth it. I have come to embrace back testing and reviewing my trades religiously and in this day and age of automation,...