Hello mates, it is good to see us striving to achieve excellence in this trading business and in my quest to sustain that then I will talk about a concept of trading the forex market well by choosing a single currency or metal or commodity of a trader's choice and apply the principle. The principle works on having a CONSTANT FACTOR in the market that the market will provide irrespective of the period of the price movement delay. Therefore, having coded one like OPENING or CLOSING MARUBOZU( not the common marubozu candle ) candlestick formation and with the support of support and resistance lines around the observed CONSTANT found then a unitary basketing should be engaged and fully employed and which means with such appearance trades are setup with pending order parameters. The principle is similar to grid's trading but not exactly grid's trading as better risk to reward management is adopted with better results. In this quest I will play along the GOLD METAL do not forget the basis of this post is to educated on the unitary basketing with a trending instrument and gold metal is very volatile and trending in the medium term period as well as currency pairs like AUDUSD, GBPAUD GBP USDJPY GBPCHF and many more. Now once properly analysed then the follow of the gap is followed with a risk to reward ratio not less than 1:1 and which be more. The timeframe charts is all timeframes charts.I tested it and it can give a ROI of 100% to 300% in a month but it will take a whole month or two to complete. Follow me here as I will be dropping the available analysed trades on gold. Thanks
---------- Post added at 10:27 AM ---------- Previous post was at 10:03 AM ----------
Analytical view and observation using instaforex broker market price feed of the GOLD METAL: The gold is expected to project from the price 1288.16 and reach 1325.32 with a capital security price stop at 1269.72. Therefore, since it is a unitary basketing then the security price stop is another price level to sell the metal( sell stop at 1269.72 stop loss at 1288.76 and expected price reach is 1240.96 if the upward fails and so the continuation will continue after new analysed price point and added to the gold basket. I will add more trades to the basket as time and opportunity arises. Thanks
---------- Post added at 03:23 PM ---------- Previous post was at 10:27 AM ----------
The gold metal is gathering bullish momentum to project upward further and this is proven by the trigger of the previous buy stop trade at 1288.16 and giving a way to add more trades to the golden basket; the new planned pending order trade is expected at 1296.60 and expected take profit to be at 1325.32 with a secured stop loss at 1278.16. This future trade is likely to trigger this week with a risk to reward ratio of 1:1.5 and which is pretty fine enough. Kindly follow and expect more trades unitary basketing from gold for now or other instruments as deemed appropriate.