Get started

Gold-short

GOLD: Exploiting a trend - secrets shared! Some have asked me about my rather different methodology. This 15 min chart of Gold which isn't my favourite, shows it all. No secrets. No fees. No signups. No signals. No obligations! 😃👍 The position setup shown looks back only to show how it works. There are 5 points at which this trend could have been shorted. If you're a day trader, you might have lost some sleep on this one, but it would have been worth as much as 69 points, or multiply that by whatever you put in for a position sizes. If you had the 'bottle' (not recommending alcohol), you could have added one or two position sizes. (The trend shown could have happened on any time frame - no law says it couldn't. Unlikely on a 4H but who cares). Some knew that gold was likely to head south, but nobody could predict how far, when an important plunge came. Trends predict nothing. You just follow and 'a system' can determine your get-out point. I can't provide skill in this methodology. It sure has it's losses like any other methodology. I can only show how it's composed. The following are important: 1 - one has to spot the trend switch early - so alerts can be set up to spot it. 2 - flattening of price and trend may say something is about to happen (north or south) 3 - price alerts can be set up, so you know to look when something happens (if you're asleep - tough). 4 - an initial RSI plunge or punch does not necessarily mean that price is going to recoil - it could mean start of a big move. 5 - do not fear the RSI - but respect it. 6 - take some or all profits in a very deep or high RSI (depending on direction of trade). 7 - Watch for a 'theory of curves ' - it often gives a warning of the trend ending (approx 55% chance). Skill in any methodology means lots of time and effort sequencing and practicing. Do it on a paper trading account. If you don't do the time you don't get the 'dime'. One day traders will wake up to the value of teamwork. So some can take the watch while others have a nap - the 'watchman' wakes everybody when important stuff happens. 😃🤣 Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSDEducation
by Captain_Walker
6
GOLD - DAY TRADE VIEW.GOLD - Narrow range movement is there on the chart, Momentum is in favour of Sellers. My approach is a short sell at current price 1907 Potential Downside target 1902 -1897 Maintain Stop loss around 1914 Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
OANDA:XAUUSDShort
by Professor_GS
1