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Patience

Master Gold Trading in High-Volatility Zones! Unlock Risk Manag.In this video, I delve into the crucial aspects of Risk Management and share my insights on interpreting the market when it is in critical zones, just like the one displayed on our current XAUUSD chart. Here's what you can expect: Risk Management Techniques Learn the strategies I employ to manage risk effectively, ensuring that my trades are protected against sudden market moves. I will cover: Setting appropriate stop-loss levels below key support zones like the 15M LQZ. Calculating position sizes based on account equity to maintain a disciplined approach. The importance of risk-reward ratios in ensuring long-term profitability. Market Perception in Key Zones I explain my approach to analyzing the market when it is within significant liquidity zones (LQZ), as seen in the chart. This includes: Understanding price behavior around Daily LQZ (2,450.370), 4hr LQZ (2,447.909), 1hr TP/LQZ (2,419.054), and 15M LQZ (2,399.472). How these zones influence my trading decisions and help identify potential entry and exit points. Time Frame for Trade Execution Discover the time frames I focus on when executing trades in these volatile zones. I discuss: Benefits and drawbacks of different time frames. Why certain time frames, such as 15-minute, 1-hour, and 4-hour charts, are more suitable for analyzing price action and making informed trade decisions in the current market context. Trading Sessions Participation Gain insights into which trading sessions I actively participate in and why. Understanding the dynamics of different sessions (Asian, London, and New York) can significantly impact your trading strategy and execution. I will share: My preferences and how each session's characteristics influence market volatility and trading opportunities. The best times to trade gold (XAUUSD) based on historical volatility patterns. Chart Analysis Overview We analyze the current XAUUSD chart showing an ascending channel, highlighting key support and resistance levels. Key technical points include: Support Levels: Near the bottom of the ascending channel and around 2,399.472 (15M LQZ). Resistance Levels: Near the top of the ascending channel and around 2,450.370 (Daily LQZ). Price Action: Higher highs and higher lows within the ascending channel, indicating a bullish trend. A noticeable spike breaking through the channel suggests strong buying interest at lower levels. Potential Trade Setup Long Position: Consider entering near the lower boundary of the ascending channel or the 15M LQZ support level, targeting the 1hr TP/LQZ or the Daily LQZ. Stop Loss: Place below the 15M LQZ to manage risk. Key Takeaways Master the art of risk management to safeguard your trades. Learn to perceive and analyze the market effectively within key liquidity zones. Understand the importance of selecting the right time frame for trade execution. Know which trading sessions offer the best opportunities and align them with your trading strategy.
OANDA:XAUUSD
by Adlercon333
Patience, discipline and a bit of judgementOne of the big issues for many traders is simply patience. In this video I'm showing how one set up could have taken 63 days to deliver around 500 points. What's the rush? Let the charts work for you. Patience and discipline takes time to develop, of course. Do the time. Take the time. Let time work for you. Sometimes a bit of judgement is required. But whatever we do, minimising loss is the big issue. Taking an affordable chance (or loss) is sometimes necessary - as in this game there is no certainty. My own methods therefore do not rely on 'confirmations'. Importantly in this 6H chart, one need not check the trade more than once or twice per week.
Education
by Captain_Walker
AUDNZD - patience, vigilance and planning required.This video is not about an instant opportunity for jumping in the markets. I'm sharing how I stalk the markets. New or novice traders - all too eager to make a fast buck - tend to miss the big issues i.e. that it is about patience, vigilance and planning ahead. The methodology shown is relevant to trend following. How do we find trends? Well, we need to be tracking price action on all time frames and key levels of probabilistic reversal. It's been a long journey for me and many new traders out there. For too long I've been told by the experts that it is mainly about vigilance and planning. Pain delivered by the markets brings home the truth of that golden message. These days I say it's about 80 to 90% vigilance and planning, and 10 - 20% execution.
by Captain_Walker