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...
Hello traders❗️ This is Viktor and Strifor team❗️ We welcome you to our learning content, where we briefly talk about the main things and learn how to apply our knowledge in practical trading. The topic of today's lesson is Break Level . So, let's see what it is☝️ ❗️To get know more about levels support this video with a like and a comment, follow us and...
Hi, This is a trade review for 02 Aug 2023. Here are some details for the trades. OANDA:XAUUSD 1-hour time frame 2% per trade 1 open trade. Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you! On Wednesday, we came close to securing a successful winning trade. The price exhibited a...
Hi, This is a trade review for 27 July 2023. Here are some details for the trades. XAUUSD 1-hour time frame 2% per trade 2 Solid Wins, net around +5.5% Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you! Monday's trading was exceptionally successful with both trades yielding outstanding...
Hi, Here's a weekly trades review on my mechanical consistency strategy. Here are some details for the trades. XAUUSD 1-hour time frame 2% per trade 3 win, 4 lose; Net Lose -2.2% The week started out great but ends horribly after wiping out all my profit from Monday and Tuesday. Let's review each day. Monday's trade was executed beautifully, price went into...
Hi, This is a trade review for 27 July 2023. Here are some details for the trades. XAUUSD 1-hour time frame 2% per trade 3 lose, net -3R / -6% Due to the robust US data, Gold experienced a significant decline, resulting in a substantial setback. Unfortunately, all three of my carefully positioned mechanical trades ended up losing -3R, erasing all the profits I...
Hi, This is a trade review for 26 July 2023. Here are some details for the trades. XAUUSD 1-hour time frame 2% per trade 1 win & 1 lose, net -0.2R (-$40) My mechanical strategy is still working as intended. Although the first trade ended up losing but the second trade manages to perform and reduce the overall loss to -0.2R. I am still...
Throughout the ages, the allure of rare and captivating metals like gold, silver, platinum, and palladium has remained unwavering. Their scarcity, exquisite aesthetics, and enduring nature have made them objects of desire. While these metals are commonly associated with ornamental jewelry, their utility extends far beyond adornment, finding applications in various...
Regardless of experience, every trader needs a plan. The key factors that can help the transaction become safer, they are the necessary strategic minimum requirements to ensure stable income and avoid unpredictable losses. Why Do Traders Fail? Let's take a look at the top reasons why traders lose money: Trading is a complex process. Trading strategies require...
A rising wedge in an up trend is usually considered a reversal pattern. This pattern is at the end of a bullish wave, by creating close price tops, shows us that the supply has intensified and there is a possibility of a trend change. Of course, nothing is certain and if the buyers are more willing and strong, this pattern may be broken in the direction of the...
A Cost-Benefit Analysis of Looking outside the Scope of Trend: To Peek or Not to Peek “The trend is your friend until the end when it bends.” - Ed Seykota Trend analysis lies at the core of technical analysis. Modern technical analysis derived from Dow Theory. In turn, Dow Theory emphasized the nature and importance of trends and their constituent parts and...
True story: Yesterday I was having a cigar perched under an umbrella in the rain - not ideal, but peaceful nonetheless. And out pops a family of birds to feast on the worms that rise to the surface in need of some high quality H2O - little did I know, this would become one of my favourite trading metaphors of all time! The Rain = Despair/Panic The Birds =...
Picture this: the XAUUSD trading pair, Gold versus the US Dollar, is like a playground game of tug of war. On one side, you've got the bulls (buyers) yanking the rope, trying to pull the price up. On the other side, you've got the bears (sellers), doing their best to yank the price down. Now, imagine there are lines drawn in the sand on each side: these are your...
In Forex trading, understanding price movements is essential for success. This article presenteds a conceptual ideology that metaphorically interprets price movements in Forex. We explored range trading as breakfast and conversation, where traders analyze overbought and oversold levels on a RSI 4 for potential breakouts. Trends were attributed to...