The Gold Method - Ichimoku The Gold Method – Ichimoku has been generating consistent profits as verified by the traders in my training, who have become known as the “The Gold Diggers”.
The Methodology is contained in my E-book, The Gold Method – Ichimoku. This is the most complete publication that I have done. The first several chapters, explain in great detail, my methodology. The next 20 Chapters is a step by step, day by day application of the methodology for varying real-life market conditions.
I will explain and you will see, as there are tons of screenshots, how each step of the methodology is progressed through. The end result will be knowing the best pair to trade, direction and specific entry and exits.
You will be presented with high probability set-ups with good to great RRR and equally important when there are no high probability trade set-ups.
Included with the purchase of the E-book is the following:
1) The Book itself…duh
2) Unlimited email support.*
3) The excel spreadsheets, for all pairs, that I use to help document my trades.
4) And most important, 4 Sessions in my training room, where we will work in live market conditions from 1:45 am est., to 4am est., on Monday, Wednesday, Thursday and Friday.**
The Purchase price is $54.95, which unfortunately is non-refundable as the material and training are proprietary. As I am sure you can understand, once you have it, there is no way to get the genie back in the bottle. Because of that, I would urge you, before, you purchase my Ebook, to look at my trading posts and make sure for yourself that this is for you.
As most of you know, I combine Strength and Weakness, Correlation and Multiple time frame analysis with Ichimoku concepts. The result of which are High probability (85% or better) set-ups with good to great risk reward ratio (3-1 or better).
I am not interested in the amount of trades, just the quality. If you want to just hit buttons and place trades, this is not for you. If you want to generate consistent income read on…
To purchase the book please remit $54.95, via Paypal, to FXGold54@gmail.com
Please note that the last new trader training will be the week of December 2. Since I think it is extremely beneficial to have the book at least 2 weeks prior to the training, the last day to obtain the book will be November 15.
Sincerely,
Allen S. Gold
Lead Trader for FXGold, L.L.C.
Ichimoku_trader
The Gold Method Ichimoku Weekly ReviewThis week was our fifth in the Training room for The Gold Method Ichimoku.
First, I want to thank those who participated and for all their hard work and effort this week. Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 5 days together:
3 winning trades
2 unsuccessful trades
Pips won: 83.3
Pips Lost: 50.9
Here is a day by day breakdown:
Monday, we took a loss on GBPAUD breakout trade. It was a good Type 1 Breakout set-up that just did not work out. – 26.2 pips and a -2.12% loss
Tuesday, we hit on 2 trades, both on GBPCAD, first we got a Breakout trade which was good for +25.4 pips and then we got the pullback trade good for 31.7 pips netting 5.23% gain
Wednesday, we took a GBPNZD Breakout trader that failed for -24.7 and a – 1.96% loss
Thursday, we got a News trade after the UK interest rate decision, which while it did not run as far as would have liked (they never do) we banked 26.2 pips for a 2.57% gain.
Friday, no high probability trades presented so no trades were taken.
For the week, since I risk 2% per trade, I ended the week with a 3.72% gain and the majority of the room achieved similar results.
Sincerely,
Allen Gold
Additionally, I want to give everybody a heads-up that the last new trader training session for 2019 is going to be the week of December 2. Since I think it is extremely beneficial to have the book at least 2 weeks prior to the training, the last day to obtain the book will be November 15.
If you are interested in The Gold Method Ichimoku, please act before then, as at this time, I do not plan on taking on new traders in 2020.
If you are interested or have any questions, please send me an email or message me.
The Gold Method Ichimoku Weekly/Monthly reviewThis was our fourth week, and the last of the month, in the Training room for The Gold Method Ichimoku.
I need to thank everybody who participated all month long, especially those this week who stayed late, logged in during the various news events and put in the extra work. You all were awesome, and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 4 days together:
3 winning trades
Pips won: 72.5
Pips Lost: Zero
Here is a day by day breakdown:
Monday: We had a Type 1 trade set-up in GBPNZD which triggered, rocked up and ee were able to close for 33.7 Pip profit in 18 minutes. The trade never saw red
Tuesday: We did not have a high probability trade set-up and therefore no trade.
Wednesday: We took a GBPCAD Breakout trade that jumped up +26 pips even faster than Monday’s and we closed for a nice +25.2 pip gain.
Thursday: We took a GBPCAD Type 1 breakout which perhaps we closed a little pre-maturely netting 12.6 pips and .74% gain.
Friday: Is Non-Farm Friday payroll, so will take the day off and enjoy a 3 day weekend
For the week, since I risk 2% per trade, I ended the week with a 5.13% gain. A good solid week. More importantly, I think everybody in the room learned a tremendous amount that will yield benefits in the future.
For the Month, ended with a 15.13% gain
Sincerely,
Allen Gold
** As some of you know, I combine Strength and weakness, correlation and multiple tine frame analysis with Ichimoku concepts.
Applying my methodology, you will know the best pair to trade, direction as well as specific entries and exits.
I am holding an introductory webinar on Tuesday November 5 at 5:30 am GMT (30 minutes before the European open)
I will explain the components of my methodology and the logic behind it Refreshments will be served....Lol
If you are interested, shoot me a message with your email or respond below and I will send you an invite.
The Gold Method Ichimoku Weekly reviewThis was our third week in the Training room for The Gold Method Ichimoku.
I need to thank everybody who participated, stayed late and put in the extra work. You guys/girls were awesome, and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 4 days together:
2 winning trades
2 losing trades
1 flat trade
Pips won: 66.6
Pips Lost: -52.3
Here is a day by day breakdown:
Monday: We had a Type 1 trade set-up in GBPAUD which unfortunately did not work out. We then got a SMA trade, which did work in our favor and ended the day with a +.40% gain
Tuesday: We did not meet.
Wednesday: We took a GBPCAD Breakout trade that failed for -25.3. pips.
Thursday: We took a GBPAUD Type 1 breakout which all of traders in the room, myself included, netted between 28 and 33 Pips.
Friday: We took a Type 1 Bo trade on GBPCAD which challenged, but did not hit, our stoploss twice. The trade was closed in the room for a small gain but had decent pip potential if we stayed in.
For the week, since I risk 2% per trade, I ended the week with a 1.3% gain. Certainly not the most productive weeks in percentage gain but I think everybody in the room learned a tremendous amount that will yield benefits in the future.
Sincerely,
Allen Gold
If you are interested in a complimentary 2 days in my training room, please message me and provide your e-mail
The Gold Method Ichimoku Weekly reviewThis was our second week in the Training room for The Gold Method Ichimoku.
I need to thank those who took part and for all their hard work and effort this week. With the various news events we were meeting at different times and looking at different market conditions Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 4 days together:
1 winning trade
1 losing trade
Pips won: 30.9
Pips Lost: -26
Here is a day by day breakdown:
Monday: We had a very Nice Type 1 trade set-up which unfortunately did not trigger till 1:11 pm GMT (9:11 am edt) which is outside our trading hours. The trade had a drawdown of only 8 pips with a pip potential of 126.
Tuesday: We did not meet. However, the traders provided their set-ups with the consensus being that GBPNZD was the best Type 1 trade. That trade generated 93 pips with a drawdown of a mere 3 pips.
Wednesday: We took a GBPCAD Breakout trade that failed for -26. pips.
Thursday: We took a MA trade which most traders, myself included, netted between 30 and 37 Pips.
Friday: No trade.
For the week, since I risk 2% per trade, I ended the week with a 1% gain.
As discussed before the training room ended, trading during the U.S. Session would have generated a significantly greater %gain. Specifically, the GBPMZD trade on Monday would have closed for a 6% gain and there were 2 MA trades (1 winner and 1 loser) that would have netted 4%. So, the opportunity for a 11% week was there.
Sincerely,
Allen Gold
The Gold Method Ichimoku Weekly reviewThis week was our first in the Training room for The Gold Method Ichimoku.
First, I want to thank those who participated and for all their hard work and effort this week. Working with you guys was an absolute pleasure and I look forward to continuing our relationship, so you achieve your goal of becoming Professional traders.
Here are the quick Stats for our 4 days together:
1 winning trade
2/3 loosing trades (discussed below)
1 Flat trade
1 No trade day
Pips won: 138
Pips Lost: 51.8
Here is a day by day breakdown:
Monday we closed our trade flat as all indications were the market was going to move against our position. This trade was reviewed on Wednesday with the conclusion being that while it was a good trade set-up, either a slightly larger stop or a more conservative pullback level could have been used to make this trade successful.
Tuesday: We did not meet
Wednesday: We took a GBPCAD Breakout trade that failed for -26.8 pips
Thursday: We could not find a high probability trade set-up, so we did not take a trade.
Friday: We had 2 Type 1 Trades on GBPCHF and GBPJPY with both Breakout and pullback entries. The Breakout trades were triggered at the European open. Some traders took GBPCHF, others took GBPJPY and some, including myself split my risk-based position between the two. That is why it listed as 2/3 losing trades
Unfortunately, as shown above the breakout trades on both pairs failed.
However, the pullback trade on GBPJPY triggered at 8:44 a.m. GMT (4:44 a.m. edt) and ran to it’s profit target for a + 138 Pip gain. Since the training room ended approximately 30 minutes before the pullback trade triggered only slightly more than half of the class took the trade. I take responsibility for not making it clear that the pullback trade was still viable. That is on me and I will make that up to you guys.
For the week, since I risk 2% per trade, I ended the week with a 7.7% gain and while those who caught the GBPJPY pullback trade ended similarly, I want every trader in the room to experience those gains.
Sincerely,
Allen Gold
The Gold Method IchimokuThe Gold Method – Ichimoku
My New E-book, The Gold method – Ichimoku, is now available!!! This is the most complete publication that I have done. The first several chapters, explain in great detail, my methodology. The next 20 Chapters is a step by step, day by day application of the methodology for varying real-life market conditions.
I will explain and you will see, as there are tons of screenshots, how each step of the methodology is progressed through. The end result will be knowing the best pair to trade, direction and specific entry and exits.
You will be presented with high probability set-ups with good to great risk reward ratio and equally important when there are no high probability trade set-ups.
Included with the purchase of the E-book is the following:
1) The Book itself…duh
2) Unlimited email support.*
3) The excel spreadsheets, for all pairs, that I use to help document my trades.
4) And most important, 4 Sessions in my training room, where we will work in live market conditions from 1:45 am est., to 4am est., on Monday, Wednesday, Thursday and Friday.**
The Purchase price is $54.95, which unfortunately is non-refundable as the material and training are proprietary. As I am sure you can understand, once you have it, there is no way to get the genie back in the bottle. Because of that, I would urge you, before, you purchase my Ebook, to look at my trading posts and make sure for yourself that this is for you.
Moreover, this is not a novice book, it does require basic trading knowledge.
As most of you know, I combine Strength and Weakness, Correlation and Multiple time frame analysis with Ichimoku concepts. The result of which are High probability (85% or better) set-ups with good to great risk reward ratio (3-1 or better).
I am not interested in the amount of trades, just the quality. If you want to just hit buttons and place trades, this is not for you. If you want to generate consistent income read on…
To purchase the book please remit $54.95, via Paypal, to FXGold54@gmail.com
Please use the same email you want the Ebook and Bonus material sent to. Please note that the material and training room invitation will only be sent to that e-mail address (unless you advise otherwise in advance).
Sincerely,
Allen S. Gold
Lead Trader for FXGold, L.L.C.
How to be a Successful Forex trader Segement 12Ichimoku Daily Levels:
The ichimoku Daily levels are like stone walls. price hits them and stops. As you can see above price came down to the Daily Kejun Sen (black line) at 1.63258 and reversed.
You could have placed a buy order at that level with the following parameters:
Entry: 1.6325
Sop: 1.6295
Risk = -30 pips
profit target = 1.6403 (the daily Senkou B)
Reward = + 73 Pips
RRR = 2.43 - 1
that trade would have hit the Profit target for + 73 pips
with a draw down of 19 pips
You could then take a stop and reverse trade at the Daily Senkou B
which would have been good for + 42 pips with a drawdown of only 5 pips.
Although the daily Ichimoku levels are very powerful, the only issue is the amount of trades.
Moreover, I would point out that you only want to trade the level the first time and reaches it.
hope you guys like the post.
Also I would like to thank everybody who has pre-ordered my new book which will be published this Monday September 30th.
Those who have pre-ordered, will be receiving their copy tomorrow afternoon ( Friday September 27).
In fact, from all the support I have gotten while working on the book has made me even more precise and focused resulting in one of my best performance months ever.
Accordingly, I felt compelled to give a little love in the book to everybody who has pre-ordered the book, because it has in fact raised my game.
I can't wait to work with each and everyone of you and assist you in becoming professional traders.
warm regards,
Allen
100 PUBLISHED TRADES - StatisticsToday I published my 100th trade idea. (this excludes educational idea’s)
Here are the quick Stats:
WINS : 49
Losses: 14
Flat trades: 8
Cancelled Trades: 29
PIPS Won: 2,560
Pips lost: 515
A 3.5 to 1 win to loss ratio
A 4.97 to 1 win to loss Pip ratio
*Cancelled Trades: these are trades that were cancelled prior to entry. It is important to understand that I only want High probability trades with good to Great RRR. If market conditions change after the idea has been posted but prior to being triggered, and it no longer meets that criteria, then I cancel the trade. I believe sitting on the sideline IS a position. Some of these trades would have lost, some would have won but I rather just not be in the market.
I would appreciate if you let me know what you think and a like.
Thanks
Allen
Wait for the Easy Set-ups and the purpose of Trading I often have traders ask me, how can I get alot of trades? And my response is that is the wrong question, the purpose of trading is to make Money, Period. It is, imho, to make as much money as you can in as few trades and in as little of time as possible. Although I have several methods of trading, the SS MA method, shown here is my absolute favorite. It has an 87% success rate with a healthy 3-1 RRR.
That said, I often ask those same traders "If you could consistently make 6-12% per week but could only take 2 trades, would you do it?" The answers are surprising as again, imho, anybody that says anything but yes really needs to rethink why they are trading. You should not be trading for the excitement, you should not be trading just to hit buttons. You should be trading so you can sit on a beach with the cocktail of your choice in hand.
to that end, I would implore you to come up with your best trading methodology and trade only that. As I have prominently posted between my monitors, as a reminder to myself "Wait for the easy set-ups and don't do anything stupid in the mean time" :)
How I trade News with high probabilty and a Great RRR :) Trading news can often be a nightmare especially trying to trade at the time of release as brokers often widen their spreads
and slip orders to the extreme of the spike.
This is a high probability method with Great RRR
As you can see the market spiked up on worse then expected AUD GDP news.
then the market went into a consolidation, and this is key to finding great entries.
After the market consolidated for at least 60 minutes, look for a support level for a buy
and a resistance level for a Sell.
Place a limit order at the support/resistance level with stop appropriate for the pair.
(in this example I am trading GBPAUD - my fav, so I use a 20 pip stop)
Place your profit target at 5x your stop. This gives you a Robust 5-1 RRR.
let the trade unfold. If you have any questions, either place them in the comments or message me
Hope this helps :)
Allen
When Not to TradeSometimes it is better not to trade. Today for me, was one of those days. I was extremely tired, which happens from time to time as I get up at 1:30 am my time to trade. This can lead to mistakes. Today's trade idea is a good example, although GBPAUD was in a bullish run and I was looking and posted an idea for a pullback trade, there was signs of a reversal. I believe if I was awake and thinking clearly, I would have seen these signs from the beginning. Fortunately, I was able to close my long trade for a small gain (+ 5 pips). The following is a list of indications that I missed because I was tired.
First, The market had already pulled back and bounced off of my moving average, so it is less likely to happen again;
Second, the Ma was flattening, as opposed to staying in an uptrend, which is never a good sign;
Third, I missed that the market had hit the 60 min Senkou A, which can always be expected to provide resistance;
Fourth, The market fails to hold bullish as evidenced by the long wicks. Moreover, This is a great indication that the market
is getting ready to reverse and a great selling opportunity
IMHO, Trading is hard enough without making avoidable mistakes. I hope this helps others
Allen
GBPAUD Long example of how I tradeWhen looking for trades, my purpose is simple:
I look for High probability trades with good RRR (risk reward ratio)
I consider a trade high probability if it has an 80%, or better, historical success rate.
A good RRR (risk reward ratio) is 3-1 or better. meaning that we are risking $1 to make at least $3
Understand that by maintain a 3-1 RRR, even if I lose over 50% of the time, I will still make money. Combine that with High probability trades and your golden.
That said, there are not a lot of trade opportunities that met this criteria everyday. So I am not the guy who is going to post alot of trades, most days I only take 1 trade. I risk 2% per trade,( because I have earned that right which is a different conversation), to make 6%. Generally, I will net 15-20% per week.
I start with a strength and weakness anylasis from the prior day's trading and rank the currencies
numerically. for example today "S GBP 5" means that GBP was ranked 5th while "W AUD 7" Aud was ranked 7th
obviously GBP was stronger than Aud. So we start the day with a Buy bias. this is confirmed before I start trading, which is generally at the European open (currently 2am est).
I then look at multi-frame analysis using Ichimoku Kinko Hyo concepts. Primarily the Kejun-Sen (KS). I look at the Daily the 60 and the 15 min Tf's.
Ideally, price will be above/below the KS on all 3 tf's, but the Daily as in this example is not necessary. Moreover, we need price above/below the Ichimoku Cloud.
Next is the Asian box, if the market has consolidated during the Asian session, as it often does, I will mark the high and low, creating a box. In the example above, we have the 60 KS (blue line), which is above the cloud at 1.82119. that is the bottom of the box as it is a place that found support during the Asian session. The Daily Senkou B, in this case provides the top of the box. Generally, the Daily Senkou's A and B, provide solid resistance or support.
Putting it all together, in the above example, since price is above the 60 Ks, the 15 Ks and the cloud in the conformity with our directional bias, we have a Type 1 trade, which has an 87% success rate. these trades are Great!!!
We have 2 potential buy entry points:
1st is a pullback to the bottom of the box at he 60 KS
the 2nd is a breakout trade. However because in this example we are using the Daily Senkou B as the top of the box we need a close above it, not just penetration.
As you can see the 2:45 candle closes above the Senkou B and we can enter a long trade. Using a 20 pip stop and a 60 pip profit target. This hits perfectly (what a great example) but seriously you can look back at my other trade idea's and see similar results .
I hope this provides a general idea of what I am trying to do tradewise. feel free to hit me with any questions
AGold 54
Bitcoin’s final destination close to $4920Today’s insights.
Although the left chart shows a significant support zone between 5555 and 5920, the OBV indicator still shows a downtrend of volume.
The bears rule the game.
We separate two time periods for more studies the recent downsides.
2018/01/05 to 2018/02/10: bitcoin price dropped 50% near one month
2018/03/05 to 2018/06/19: bitcoin price dropped 42% near three months
Obviously, we see that the recent fear was smaller than at the beginning of this year. Because most of us should know or technical analysed or even mentally prepared that bitcoin will fall to a bargaining level i.e. 4k to 5k.
If the support zone lost the name what it is called, then what will we do ? because there is no demand zone any more !
Ichimoku analysis may help you to locate where the support or resistance is.
This time we use chinkou span that many ichimoku traders selectively ignored.
The chinkou span cross bearish signal occurs when the chinkou span falls below the price.
The yellow oval A was telling us that chinkou span lies adjacent kumo, it was not safe to go SHORT.
However, the yellow oval B was telling us that chinkou span lies under kumo, it was safe to go SHORT. (i.e. since 7700)
Chinkou span fell sharply two days ago and what will you expect the market does (Falling or Rising)?
Now, we drew some dotted lines so that you will know how our logic thinking work.
Each dotted line tells you the chinkou span hooked either in a V-shape or inverted V-shape.
Chinkou span in V-shape means support, while chinkou span in inverted V-shape means resistance.
When you look carefully between the relationship of chinkou span and the price, you will see the below findings.
Chinkou span 1 @ 7807 : Support became Resistance
Chinkou span 2 @ 6874 : Support became Resistance
Well, you may discovered that chinkou span is the closing price shifted into the past, the cross that triggers this signal will be 26 days behind the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal to the kumo.
How about Chinkou span 3 @ 5870 and Chinkou span 4 @ 4921 ? These are the exercises you are going to watch in the next couple of days.
Top 7 magic Crypto Indicators: #3 IchimokuDear Cryptuminati,
Many beginners wonder which indicators to use. That's why I started this series with the 7 best indicators. It is not just any indicators, but those that are best suited for crypto trading.
#3 Ichimoku Kinko Hyo
Today I want you to meet a crazy indicator. Ichimoku is a complete trading system from Japan. I'm sure you've seen this strange cloud before. At first glance, it causes enormous confusion and looks very complicated. Don't worry, it's very easy to interpret Ichimoku. I use this indicator primarily to detect trend changes.
My areas of application:
- Trend directions: If the course is above the cloud, this is positive. Below the cloud there is a downward trend.
- Trend strength: The thicker the cloud, the stronger the trend. A change in cloud colour must be interpreted as positive (green) or negative (red) according to the new colour.
- Entry and exit: A breakthrough in the cloud indicates a change in trend, which you can use for buys or sales.
- Stop-loss / partial sales: At the edge of the cloud or in case of a breakthrough.
Ichimoku actually consists of several lines. However, I have trimmed the indicator to the cloud visible above. For me, the Ichimoku cloud is a secret chart technical weapon! The other lines are not so important in my eyes.
Example:
In the upper chart you see two situations. The buy was made when the trend direction changed. I waited until the first candle opened in a new direction.
(1) In the first case, the trade did not work. The red cloud was very thick, which can be interpreted negatively. The course hadn't finished downstairs.
(2) The second trade was a complete success. The cloud was much thinner, so Bitcoin could easily break through it. The cloud quickly turned green, which is another positive feature.
What's the problem?
A breakthrough through the cloud can be very dynamic. This leads to further losses. Alternatively, you can use the cloud line as an exit, but often there are turns.
For this reason you should include additional chart technical elements!
My tips for Ichimoku:
- Combine the Ichimoku cloud with trend lines (support and resistance). This will give you a better idea of how likely a trend change is. You can also use the trend line to buy or sell.
- Moving averages (MAs) are another trend indicator. You can use them as support. I often work with MAs 14 and 50, the classic setting is MA 50 and 200. I have linked my guide to MAs below.
- The Supertrend helps you to recognize a change of trend and to make partial sales.
- Look at the higher time level. If you speculate on a rising price in the 4-hour chart, you should look at the daily chart. There you may be able to determine a suitable price target.
Conclusion
The Ichimoku is an independent trading system. But I only use the cloud. It is a powerful weapon for trend changes. This is very interesting for crypto currencies, as a change of trend often results in larger movements. To get a good time to sell, you can also work with trend lines and MAs.
Always include other factors in the trade! This can be an indicator or a technical chart element (support, resistance, Fibonacci).
The Eye of the Cryptuminati has spoken.
+++++
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Follow me if you like my work and you want me to go on. I post updates on my trades and analyses several times a week!
Thank you very much!
Risk note: Everything is possible, nothing is necessary. All information is not a buy or sell recommendation.