Took successful buys on gold after price broke resistance, waited for a pullback and entered anticipating price to move up with Asian volume. Looked to target a 4hr wickfill and stops were placed below the previous 30m candle.
I was reading another trading book today and much like watching the dumb money movie the other day, it prompted me to write another post. So, you may have heard the expression "the market is an Algorithm" whilst this is somewhat true, it's actually more a sequence, Ralph Elliott, Richard Wyckoff and Edward Jones knew this. In simple terms, the larger operators...
As a trader now of over 23 years, I have read a few hundred trading books in that time. It is always really interesting to have other people's perspective, strategies, hint, tips and tools. However, the main issue is not knowing if you are likely to get value from the book you purchase as it is also very subjective. You either have issues such as the book is too...
Whats up gold gang! .. price has closed above the monthly level .. 1000 pips ish in a week wow! thats crazy im expecting a small retracement before lifting off once more for gold this week .. the candle closed with no top wick, so a retrace is likely before more upside due to the ongoing conflict in Israel Ill be back later for the official outlook .. until...
The issue is everyone wants to make money (well, maybe not everyone) but nobody wants to take the time to learn how to do it properly. This is NOT a sales pitch by the way! it's FACT!! People often ask why I bash influencers so much, it's mainly for this reason. Majority of noobs, come into trading expecting to make a fortune. If only it was that easy, every...
After completing my weekend research/videos, I wanted to create something that provided an anchor for traders/investors. This video is not focused on the short-term market trends - although it does discuss what I expect to see play out over the next 12 to 24 months. This video is more about preparing traders/investors for the global events related to Central...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today we are going to go over a practical example on #GOLD , but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. 📚 Always remember to follow your trading plan when it comes to entry, risk...
How much ... and when? What else is there to know? Enjoy this multi-timeframe tour of the XAGUSD chart to learn how I find MAJOR reversals and targets BEFORE price action reaches them. As always, I strive to produce charts that speak for themselves, and yet this is my video debut here on Tradingview, and I could not be more pleased to narrate this unusual...
Good afternoon gold gang! I thought i would jump on here with an educational piece on how i trade using engulfing candles along with my algo levels Whenever you get a big push in the markets, this may be a news item or simply a market open, we normally see a candle being "engulfed" .. now this means that the candle closed bigger than the previous .. imagine it...
Hello, Welcome to this analysis about The Evolution Of Money. Till today money had a protracted history reaching back to times where there even did not exist electricity or industry like we now it these days. Since these beginnings money constantly reshaped and emerged new forms of money that theoretically can be applied still today however it is also a fact...
This is a simple example of how anyone can attempt to understand price action, trade setups, and determine if the current trade setup is valid for any trading action. Unless you have a trading system that helps you identify highly successful trade setups, most people struggle to find opportunities before they turn into breakout trends (up or down). Ideally, most...
04 Sep to 08 Sep 2023 TL;DR Total Profit of approximately $800 (around +800%) for the 1st week of September 2023. Total 8 trades, 6 wins & 2 loss. 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade. Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero guesswork, zero analysis. Disclaimer: I am...
I avoided trading on Non-Farm Payroll Day! 28 August to 01 Sep 2023 TL;DR Total Profit of approximately $300 (around +3%) for the 4th week of August 2023. Total 5 trades, 3 wins & 2 loss. 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade. Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero...
TL;DR Total Profit of approximately $900 (around +9%) for the 2nd week of August 2023. Total 9 trades, 8 wins & 1 loss. 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade. Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero guesswork, zero analysis. Disclaimer: I am not a financial advisor. The content for this...
Hey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises...
I humbly apologize for the extended hiatus, as I was navigating through some profoundly personal challenges. Despite the setbacks, I’m pleased to share that my trading endeavours have not only persisted but also yielded remarkable results. Miraculously, each of our trades has culminated in a profitable outcome, marking a pristine 100% success rate. Allow me to...
Jackson Hole Symposium: What is the Jackson Hole Symposium? The Jackson Hole symposium (Economic Policy Symposium) is held in Jackson Hole, Wyoming USA. It is an event attended by the worlds top financial professionals including ministers, bankers and academics. It is a closed event so no press are allowed access to the meetings or talks. Instead, press...
Trade execution video to show how I approach day trading WS open.