What are those strategies for beginners for gold trading?
Disliked{quote} so if the bulls were strong enough to change direction to bullishness yesterday buy could have led to more buys above 4570 after market opened yesterday because it closed at a good area for bulls to have pushed it up more easily but falling below 4520 today was a clear sign of strong bearish momentum and weak bullishness and hence a higher probability of sell continuation after creating a new lower high, that doesn't mean it can't buy today, it could buy but probability is very low compared to sell, therefore it's best to sell and lose than...Ignored
Disliked{quote} What are you trying to say with this? However I agree, Once I started using only S/R my account went from 500 USD to 3400 USD in the week of trading. However I deleted everything later once I got "hungry" again. This could be a nice thread.Ignored
Disliked{image} Entries are the arrows after stops get taken out on each of those areas. Yes there will be losses, small ones if you trade on 1min. Opportunities? Countless everyday per pair. If you think this is hard to make money with, I dont know what to say to you. No technical analysis. No Fundamentals. No Indicators. Wake up in the morning and get your money.Ignored
Disliked{quote} Yes I would. That was exactly what I did. Works great as long as you follow rules.Oh, I forgot to say that I was using tick chart because that was much more accurate than 1minute. I even had a site where banks levels were displayed, and on those levels price reversed amazingly even when NFP happened. On 1 minute chart I was unable to get exact entry, but on tick, that was something different. I would say if you want to be accurate, do not use minute but tick chart. You will see a big difference.
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