1hour chart say:important buylimit place we must put =red support , fibo 61% gold in way to 1850
advice for pro trade = reduce your levrage to 10 and dont open big lot more than 1000$ balance max 0.01 lot (or 10$) (stand on fix size ,dont increase size)
100% put SL on high/low 15min chart and TP=3*SL
try wait more on profit position(new traders close + pos soon, cant close - pos ,pro traders close - pos soon by SL ,wait more time + pos)
if you dont do above secrets= you will margincall soon or late
3 week think for above secrets
if you are new trader= try turn 1000$ to 2000$ with fix 0.01 lot and pro SL and TP=3*SL (dont come to real before pass this test ) frist days you will eat 9sl 1tp but with practice % will improve to 4sl 6tp
Moneymanagment
SL is 90% of this game ,read below word by word witout hurryupon gold 50% new pattern can comes ,if DXY go up allow
green arrow powerfull place you can buy , 100% put buystop on yesterday high 1720 (sl 4-5 pip below low)
SAVE IN YOUR MIND ,THINK 3 WEEK =
world best signal winrate max is 60% winrate(6tp -4SL) so 100% you must put SL under 15min chart clear low
new traders mistake=new traders cant understand SL is base of this game ,remove it ,they cant see when they put SL in low ,break low mean down trend
they close + profit posation with little profit ,cant wait but they wait on loss posations,,,Pro trader are opposite,they close loss posation soon(SL on low/high) but wait many time on profit pos ,their TP is above 3*SL (if close sooner , you will loss)
SECRET FOR PICK PROFIT =for trade gold (index like dax,dow and forex) your max lot size per 1000$= 0.01(10$) lot max open order=2 reduce your levrage to 10(max allow levrage=20) high levrage=high size=high loss in lower time
if you have 10.000$ in account for trade your lot on gold,index,forex,crypto must be 0.1 max ,,,above it you are not pro trader,you 100% will margincall
bank,fund trader per 10.000$ trade on 0.01 lot ,max levrage they pick=1to5