After a long time in considering how to create a nice and profitable trading community at tradingview.com I have now decided to do something new and special, in which I will try to update and follow up with our daily trading setup for FX and Gold ; I intend to trade 18 instruments included XAUUSD . Each trading instrument will have an own average profit target for a day and I will update them in a list below for referring to.
Shortly about my trading strategy:
I try to do simple trading system by trading the markets. Trading the markets, for me, means that how the markets are, we will trade like this, so if it ups, we go long, if it downs we short. How to recognize when the markets are up and down, I used to read the chart and analyze the fundamental points of view and put the lines to find out some critical levels to setup my trades. Indicators I will use very few, MA, and , but mainly reading the price actions in their movements( identify the current trading prices levels (zones) and the possible price zones the markets prices will reach.)
18 trading instruments of course I can only update here some of them and put my efforts to follow up when to enter and exist the trades, for I don't like to lose the money, if my trades are in an acceptable profits.
List of trading instruments and the average profit target/day as following:
- 1) XAUDUSD = 5 price levels
2) EURUSD = 30-50 pips
3) GBPUSD= 40-60 pips
4) GBPJPY = 50-80 pips
5) USDJPY= 25-40 pips
6) AUDUSD = 25-40 pips
7) USDCAD= 50-90 pips
8) USDCHF= 30-50 pips
9) EURAUD= 55-80 pips
10) EURJPY= 30-70 pips
11) EURNZD= 45-70 pips
12) NZDUSD= 25-40 pips
13) GBPAUD= 70-120 pips
14) GBPNZD= 80-120 pips
15) CADJPY= 70-110 pips
16) NZDCAD= 50-80 pips
17) NZDJPY= 40-60 pips
18) EURGBP = 25-45 pips
What does it mean with the pips above?
As said that the pips updated above we will consider as average pips we will get for every trade setup; anyway we will not fix our mind on that numbers adhere to targeting them, but when we are near at the min t/p target, then we have to think about to secure our profits, like to move your open position to your entry point, trailing them or do what ever you feel best and most suitbale for you. If I have enough time, I will follow up with my trading setup to advise when to exist.
About s/l it depends on the markets conditions at each time, therefore there are no "fix" number here to update.
So: if you are interested in our trading Guild, then follow me to get the trading setup and the explanation thereof.
I really appreciated comments and questions about and try to answer you all.
Trade well and safe!
P.S.: the coming updating trading setup will be differ wth the previous updated ones with the symbol: # in prefix of tag