Gold_Rider

XAUUSD - Keep drawing while trading

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
iHello Traders,

Since the movement is slow today because of the US and UK banks holiday, I want to share with you idea of "Keep drawing while trading ".
I mainly do it for scalping at 5M time frame but since Tradingview wouldn't allow to publish idea on 5M, I've changed to 15M.
It is the yellow lines and yellow zone where I use it as sell/buy zone and keep layering within the zone and lines with SL above/below the zone and lines.
From my experience, the successful rate is 65%-75%.
I'm trading this way when the market is slow and no high impact news are coming, other than that I relay on Support/Resistance at 4H frame.

hope you like this idea and good luck for all.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.