Only Trading Gold (XAU/USD) | Metals Mine

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Only Trading Gold (XAU/USD)

  • #1
  • First Post: Dec 10, 2020 12:11am Dec 10, 2020 12:11am
Why do we have to track and trade many currency pairs? I like the volatility of Gold and 4-hour candlestick bars and especially the 4-hour candlestick bar that closes at 5am MT4 and 9am MT4.

Only Gold and trading alone combine multi-time analysis of Hour 4 Candles and the M15 price line
  • #2
  • Dec 10, 2020 3:37am Dec 10, 2020 3:37am
Trading on the basis of only one stock or FX pair has its advantages and disadvantages.
If there is not enough volatility in the market - and trading only gold - you may have a problem getting the right result. It is good to focus on something, but it is even better to have a few things / pairs / indices or whatever - in mind.
I personally always prefer the combination of DAX + GOLD.
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NVT/Swing/Sklaping/TMA. W momencie handlu wyłączony dostęp, stop kopiowa
  • #3
  • Dec 10, 2020 5:48am Dec 10, 2020 5:48am
XAU/USD i think sell stop?
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  • #4
  • Dec 10, 2020 6:06am Dec 10, 2020 6:06am
Quoting vothanhtung
XAU/USD i think sell stop? {image}
Thanks for the insight on gold, may I ask what informed your decision to place sell stop at 1834, I would appreciate if you can explain how you trade gold with chart.
Thanks
  • #5
  • Edited 6:56am Dec 10, 2020 6:44am | Edited 6:56am
Quoting dele5000
{quote} Thanks for the insight on gold, may I ask what informed your decision to place sell stop at 1834, I would appreciate if you can explain how you trade gold with chart. Thanks
Oh! here is candle H4 Engufling berish ( H4 close 5h MT4). Sell stop low candle and stoploss in Top candle
  • #6
  • Dec 10, 2020 8:07am Dec 10, 2020 8:07am
Quoting vothanhtung
{quote} Oh! here is candle H4 Engufling berish ( H4 close 5h MT4). Sell stop low candle and stoploss in Top candle
Thanks for the reply, so you use 30M to enter trade, please how effective is the strategy?, has it been giving you good result. Thanks
  • #7
  • Dec 10, 2020 10:15am Dec 10, 2020 10:15am
I trade more dynamically on gold. Generally I do scalping - and that's how my day looks today.
I gave a preview of my account on my profile, and after the withdrawal of the profit it always shows again for a month.
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NVT/Swing/Sklaping/TMA. W momencie handlu wyłączony dostęp, stop kopiowa
  • #8
  • Dec 10, 2020 10:53am Dec 10, 2020 10:53am
I have stuck with Trading Gold and it works for me. Now i'm to a point where i can hold out for longer TPs when at first i was only taking 20 point profits i'm currently in a sell @ 1840 my TP is 1800
  • #9
  • Dec 10, 2020 11:12am Dec 10, 2020 11:12am
Gold is gold. But i guess everyone has their own way in accordance to timeframe and risk capital. Need to find out after trial and error. I usually commodities futures and i too have a bearish view on gold.
  • #10
  • Dec 10, 2020 11:42am Dec 10, 2020 11:42am
Quoting Yoges
Gold is gold. But i guess everyone has their own way in accordance to timeframe and risk capital. Need to find out after trial and error. I usually commodities futures and i too have a bearish view on gold.
Trading gold is very scary for me, please share your strategy for trading gold here
  • #11
  • Dec 10, 2020 12:35pm Dec 10, 2020 12:35pm
Quoting Lab1600
I have stuck with Trading Gold and it works for me. Now i'm to a point where i can hold out for longer TPs when at first i was only taking 20 point profits i'm currently in a sell @ 1840 my TP is 1800
Please what strategy do you use, kindly share it here
  • #12
  • Dec 10, 2020 2:48pm Dec 10, 2020 2:48pm
Quoting dele5000
{quote} Please what strategy do you use, kindly share it here
i dont think someone is gonna tell u that
  • #13
  • Dec 10, 2020 7:30pm Dec 10, 2020 7:30pm
Quoting Mixmax
I trade more dynamically on gold. Generally I do scalping - and that's how my day looks today. I gave a preview of my account on my profile, and after the withdrawal of the profit it always shows again for a month. {image}
can you share your strategy in gold? you have a good result there
  • #14
  • Dec 10, 2020 9:58pm Dec 10, 2020 9:58pm
Strategy is don't be afraid of losses. You already have OHLC there to guide you in your trading.
  • #15
  • Dec 10, 2020 10:35pm Dec 10, 2020 10:35pm
you can check
-------------------------------------
At H4 I only care about two types of candles: Pinbar and Engufling (close candel 5h and 9h for MT4).
-------------------------
Sell: Bearish Pinbar or Bearish Engufling
1) Sell Stop at the lowest low of the candlestick
2) Stoploss at the highest high of the candle
3) The arbitrary takeprofit can be 1: 1, 1: 2 or 1: 3
-------------------------
Buy: Bullish Pinbar or Bullish Engufling
1) Buy Stop at the highest level of the bar
2) Stoploss at low level of candle
3) Discretionary returns can be 1: 1, 1: 2 or 1: 3
  • #16
  • Dec 11, 2020 2:29am Dec 11, 2020 2:29am
The candle H4 closes at 5H MT4 is Bearish Engufling >>>>we act ???? >>> you can check it.
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  • #17
  • Edited 3:41am Dec 11, 2020 2:59am | Edited 3:41am
Quoting vothanhtung
The candle H4 closes at 5H MT4 is Bearish Engufling >>>>we act ???? >>> you can check it. {image}
It is like gold will fall big as H$S is forming on H4, please what is your take on this
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  • #18
  • Dec 11, 2020 3:04am Dec 11, 2020 3:04am
Quoting vothanhtung
you can check ------------------------------------- At H4 I only care about two types of candles: Pinbar and Engufling (close candel 5h and 9h for MT4). ------------------------- Sell: Bearish Pinbar or Bearish Engufling 1) Sell Stop at the lowest low of the candlestick 2) Stoploss at the highest high of the candle 3) The arbitrary takeprofit can be 1: 1, 1: 2 or 1: 3 ------------------------- Buy: Bullish Pinbar or Bullish Engufling 1) Buy Stop at the highest level of the bar 2) Stoploss at low level of candle 3) Discretionary returns can be 1:...
i think this is simple and good strategy. i see you combine with moving averages, what periods?
excuse me, how long do you use this method of trading? thanks
  • #19
  • Last Post: Dec 11, 2020 3:51am Dec 11, 2020 3:51am
two h&s
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