XAUEUR : I'm still convinced its bull time
I use trends, waves and fibonacci.
The MACD indicators help me better to decide when it is the right time to trade. Keeping in mind that in this business, loosing money is more probable than earning, being cautious and taking my time to make the trade is part of not loosing money.
i also use moving average to help with my decision : you will see the 200 MA which is on its way below the candles : yes i would have been wiser to wait it out a little more : ( im human and i took the leap )
The priority in my strategy is : to safeguard my investment.
My second priority is to earn.
You don t need to make a trade everyday, especially if you are not a full time trader.
Having said so , i might be completely wrong here, hence why i setup my stop loss.
What's your view ?
The MACD indicators help me better to decide when it is the right time to trade. Keeping in mind that in this business, loosing money is more probable than earning, being cautious and taking my time to make the trade is part of not loosing money.
i also use moving average to help with my decision : you will see the 200 MA which is on its way below the candles : yes i would have been wiser to wait it out a little more : ( im human and i took the leap )
The priority in my strategy is : to safeguard my investment.
My second priority is to earn.
You don t need to make a trade everyday, especially if you are not a full time trader.
Having said so , i might be completely wrong here, hence why i setup my stop loss.
What's your view ?
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.