Gold-strategy
GOLD MACD StrategyRules for engagement:
- Price must be below the 200SMA
- MACD must cross above the 0 line (higher the better)
- Price must then cross over short term SMAs (5&8)
- Stops at previous high
- Take Profits at the target low
Here we saw price break down to create a new lower low and sweeping previous support. Price on the daily has broken below the 21 moving average and price is close to crossing the 200 moving average on the 4hr chart.
Using the FIB we can set an expected target entry zone between the 382 and 618 zones which also aligns with previous support which could turn to resistance. We see price stall here and we look for entries short.
two entries identified using the above rules with a 130SL and a 400+TP.
XAUUSD SHORT UPDATE | 15m Short/Mid Term ViewRBR = Rally Base Rally Demand Zone
LQP = Liquidity Pool
Arrows = Inducement Points
2WT = 2 Way Trap
Price is still moving in a way that tells me it should continue going down at least to 2024. (retracement + imbalance curve)
Price nearly hit my TP. I closed most of my position and left a runner.
Gold to 2100 ?The U.S. data points of the week will be the December consumer price index report on Thursday and the December producer price index report on Friday. U.S. inflation has cooled in recent months, which has allowed the Federal Reserve to back off on its tighter monetary policy. The CPI report is seen up 3.3%, year-on-year versus a rise of 3.1% in the November report.
DXY (US DOLLAR INDEX)Hello traders!
The dollar index (DXY) in the 15m timeframe is in the (RISING WEDGE) pattern. Wait for the line break to confirm the scheme. The price retests the level of 101,750 and then the complete completion of the scheme begins. Rising to the level of 102.470. Be patient and wait for the breakout to enter the trade. Be careful!
Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
GBPAUD Pullback is comingOn this pair, we are experiencing a bullish moment for the pound; it is simply reacting to the news. The objective is to wait for a price retracement in the area of 1.86, where we have an excellent supply zone that has been validated three times and where the market has created a bullish setup. The target objective is 1.89.
Let me know what you think.
Happy trading to everyone.
Forex48 Trading Academy
gold 4 hour : are you ready for buy gold?2 place i will buy gold 1731 and 1722 with SL1714 then will hold them 7-8 day
technical say gold 1st target is 1840 and then 2st target is near 1900 ,fibo61 daily so dont close your buy soon, after 10.00 point move SL to open price and let it go 7-8 day
bad scenario :if news come and gold break 1715 can go down to 1682, i will buy again there
when gold start go up dont pick reverse sell understand? reverse sell on gold is very dangrous , only under red arrow we can pick very low size sell after sell pinbar come with sl on pinbar high
good luck , if posation win please send me 10$ CHEER from my profile i can buy tradingview subescribtion,becouse i am in iran and for sanctions icant buy myself , thanks
www.tradingview.com
Gold 1hour : 3angel pattern say buystop in today highabove green arrow pick buy is good but wait PINBAR comes on 1h-4h-daily chart SL like always under pinbar low
ALERT: AC INDICATOR daily turn green , if low not break this mean +up trend will start so be careful from sell
first upper target is 1695...after pinbar we can sell ther too
good luck...stand on very very low size and levrage under 1-20....high size mean margincall and loss in trade
GOLD 1 HOUIR: fibo 61% in up not touch yet today is NFP news day so technical analyse is very hard but i think gold little can go down then will go up to fill 1734 ....main trend will +up to 1800
let see gold futures candels on daily chart and AC indicator
advice : very low size sellstop in low sl:last high 1715 + buy above green arrow after pinbar apear on 1hour-4hour-daily chart then dont close it soon hold it min3-4 day it can go to 1800 sl: pinbar low
ALERT: if gold break 1735 will flyup and wild up trend will start so be careful from sell side ...90% looking for buy when pinbar comes or trendline break to up...
if you have old sells 100% put sl in 1735 ok? close all or hedge near 1692
wish you win
GOLD Scalp breakdownRisking 1%, one winning scalp a day is all you need. Enjoy the rest of the day! Keeps you from overtrading, revenge trading, and minimizes losses. If you start with 200$ account , and make 1% profit each day, your equity will be approx. 45M$ 5 years later!
Two trades a day. If the first one is a loser, another trade can fix that. 2 losers, end of day. 1L and 1W, you are the winner. End your day.
A third trade is allowable under certain circumstances. Like market conditions, reduced position size (risking only the day's profit), and the like.
"How do I control my greed?"
Here you go....
How to trade GOLD by Keltner Channel & ADX indicator.* The signals is combined by 2 indicators Keltner Channel & The average directional index (ADX).
1. Long trend is confirmed when the close candle crossover the Upper 2 Keltner .
2. Short trend is confirmed when the close candle crossunder the Lower 2 Keltner .
3. ADX indicator below is used to performing the Entry by ADX crossing.
... When Keltner for Long is the crossover for Buy.
... When Keltner for Short is the crossover for Sell.
4. The Stop loss & Profit is with ratio 1/1. It's calculate by Average True Range Indicator (ADX) 20 bars.
* The result is report from 1/1/2017 - present.
Risk: 2%.
Strategy was minus the fee by:
...Commission = 4 USD/trade.
...Slippage = 2 ticks.
NEW GOLD STRATEGY UPDATE v2.1 ! +676% GAIN since Dec 19 ! NEW GOLD STRATEGY UPDATE !
Links at the bottom !
OUR STRATEGY EXPLAINED:
We are releasing this separate script file for trading Gold on the M15 time frame using our strategy. This can now run independently from the main file instead of changing parameters and saving as a template - thus making the use of these specific settings even easier for our traders.
You can see the back testing profitability shown below, although you can not use back testing to predict the future, both the volume of trades, net profit, win rate and draw down demonstrate a solid foundation and data to move forward from.
The strategy itself is explained in the 'Blue FX Strategy' but see below too for more info.
Our strategy will help you identify the current trend in the markets and highlight when this is changing. The strategy itself is based upon 4 indicators lining up in total confluence to increase the probability of the trade being a success.
Absolutely no technical analysis is needed to trade this - this is a trading tool and has solid back testing results trading in isolation - although you may also use to support your own trading - the choice is yours.
When a trade is valid - a Buy or Sell label will appear with the Entry price, SL and multiple TP's shown on the chart.
IMPORTANT note, the test results show and confirm that the most profitable exit strategy with these Gold settings is 'FT&SL' this means we enter the trade with a Stop Loss (SL) and simply hold and follow the trend (Follow Trend = FT ) until a reverse signal is printed.
In our supporting video (see related ideas) you can see the impact of changing this target between multiple TP's and the net effect on both win rate and overall net profitability.
The Lot size will also be displayed and this is based on the risk parameters you have set personally in the calculation section.
What is a Trading View Script?
A script is like an indicator but better, we can verify the success of our strategy by using Trading Views strategy tester function. As shown below and on the chart - you can see the 'Buy' and 'Close Buy' on the chart, supported by a live trading log showing you the entry, entry price date, volume and closing price.
This is a great function for numerous reasons; firstly, you know you are using a strategy that has provided a positive expectancy in back testing, secondly you can use this as a trading journal to support your trading too. This in itself can help you with your trading psychology - letting winning trades run is a prime example of this. Take confidence in the statistics and performance over time.
Ultimately, we believe we have saved YOU the need to firstly, find an edge and a strategy - and all of the time it takes to BACKTEST a strategy - to then find it may or may not work - and then you start again!
Disclaimer alert; Please remember past performance is exactly that - how our strategy performed over those dates tested, it is not obviously a guarantee of future performance.
Interested in access or more information?
No problem, simply drop us a DM via trading view for access information.
Thank you for reading.
295% GAIN ON GOLD / XAUUSD 15M TIME FRAME LONG SHORT 295% Gain since 03/03/2020.
Working with the BlueFX strategy on the 15M time frame has proven to be profitable as you will see from the strat tester stats:
57 Trades
40% profitable
295% gain meaning starting on £500 on 3rd March 2020 would now be £1476 with at the time of writing a current open PL £22
Every trade is shown, winners and LOSERS ! completely transparent !
GOLD SELL running +250! WHOS IN?Whos in the BUY?... GOLD sell running just over 250 pips in profit...
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too!
Trading levels for 10/07/2018Our analysis for Tuesday was right on point, we tried to take a short at R2, which was the high of the day, but we didn't get filled, after that bears took over and as has been happening lately we had an end of the day rally. Moving forward we can see the market moving higher in the after hours, tomorrow we will be looking to take a short at R3 7159.25, where also there is some structure that can push the market lower, in the other hand the Pivotpoint 6494.50 would be a zone to take some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/03/2018Market tried to rally early in the morning but then sellers took control for the rest of the session. Long term we are still bullish but short term it looks like the market wants to come down especially since not all the indices are moving at the same pace.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.