This thread GOLD MINING II - Using Reference Lines is a brain child of my first thread.
It is focused on GOLD-XAUUSD only. And it is for "mad traders" who love adventures, who are tired of text book knowledge and want the real life experience of trading.
It solidifies most of my convictions in my first thread except one contrarian view(inside disclaimer).
My projections and disclaimer based on the actions and results from using my Reference Lines herein after called Ref Lines are:
Projections and Disclaimer
1. All accounts traded using Ref Lines will die within the first five trading days(projected strongly).
2. Fund and trade with only the money you "want" to lose(very important).
3. This system is a matter of dead or alive.
4. Market will always relate with Ref Lines.
5. Traders will become more greedy and greatly afraid to trade with Ref Lines.
6. This system is unfailable.
Discovery- My Ref Lines are mathematically generated using the works and popular observations of Leonardo Bigollo Pisano c.(1170-1250) a.k.a Leonardo Bonacci a.k.a Leonardo Pisano a.k.a Leonardo Fibonacci an Italian mathematician, and François Édouard Anatole Lucas (1842–91) Lucas numbers or Lucas series as well as Volume, Simple Moving Average, market sessions. And lastly, one loose observation from Mr. Candlestick himself- Steve Nison.
We shall be using the following Ref Lines:
i. Daily: 1 - 30pips potential.(Black)
ii. Weekly: 1 - 60pips potential.(Green)
iii. Monthly: 1 - 120pips potential.(Red)
iv. Yearly: 1 - 240pips potential.(Purple)
Rules of Engagement
1. Price above Ref Line at market open, short Ref Line once(strongly recommend).
2. Price below Ref Line at market open, Long Ref Line once(strongly recommend).
3. Price relating with Ref Lines during intra day, use Price Action (at your discretion)
1 and 2 above are stop orders with respective take profits. Exemption is when market gaps,then Limit orders.
Rules of Exit
1. Take Profit set to at least 1 pip/10 points.
2. Stop Loss set to at least 150 pips/1500 points.
My Advice
1. Ask any kind of question.
2. You will be accepted and responded to accordingly.
3. Be ready to grow your account exponentialy using the law of large numbers.
4. I trade with what I want to lose, I don't use stop loss.
5. Don't use my Ref Lines to trade, your account will die within the first five trading days.
6. Trading is all about Taking Profits and Accepting Losses.
Dead or Alive
It is focused on GOLD-XAUUSD only. And it is for "mad traders" who love adventures, who are tired of text book knowledge and want the real life experience of trading.
It solidifies most of my convictions in my first thread except one contrarian view(inside disclaimer).
My projections and disclaimer based on the actions and results from using my Reference Lines herein after called Ref Lines are:
Projections and Disclaimer
1. All accounts traded using Ref Lines will die within the first five trading days(projected strongly).
2. Fund and trade with only the money you "want" to lose(very important).
3. This system is a matter of dead or alive.
4. Market will always relate with Ref Lines.
5. Traders will become more greedy and greatly afraid to trade with Ref Lines.
6. This system is unfailable.
Discovery- My Ref Lines are mathematically generated using the works and popular observations of Leonardo Bigollo Pisano c.(1170-1250) a.k.a Leonardo Bonacci a.k.a Leonardo Pisano a.k.a Leonardo Fibonacci an Italian mathematician, and François Édouard Anatole Lucas (1842–91) Lucas numbers or Lucas series as well as Volume, Simple Moving Average, market sessions. And lastly, one loose observation from Mr. Candlestick himself- Steve Nison.
We shall be using the following Ref Lines:
i. Daily: 1 - 30pips potential.(Black)
ii. Weekly: 1 - 60pips potential.(Green)
iii. Monthly: 1 - 120pips potential.(Red)
iv. Yearly: 1 - 240pips potential.(Purple)
Rules of Engagement
1. Price above Ref Line at market open, short Ref Line once(strongly recommend).
2. Price below Ref Line at market open, Long Ref Line once(strongly recommend).
3. Price relating with Ref Lines during intra day, use Price Action (at your discretion)
1 and 2 above are stop orders with respective take profits. Exemption is when market gaps,then Limit orders.
Rules of Exit
1. Take Profit set to at least 1 pip/10 points.
2. Stop Loss set to at least 150 pips/1500 points.
My Advice
1. Ask any kind of question.
2. You will be accepted and responded to accordingly.
3. Be ready to grow your account exponentialy using the law of large numbers.
4. I trade with what I want to lose, I don't use stop loss.
5. Don't use my Ref Lines to trade, your account will die within the first five trading days.
6. Trading is all about Taking Profits and Accepting Losses.
Dead or Alive
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