Janus Return Today:
108.8%
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- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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Love for all; Hatred for none.
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Love for all; Hatred for none.
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Love for all; Hatred for none.
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- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,566 Posts
Love for all; Hatred for none.
How to trade gold and not catch stops and not save swaps.
Who watches gold, it is well known that in the second decade of the XXI century, the precious metal ceased to be a safe haven, protecting investors' assets from inflation at an ever-increasing price. The long–term trend of increasing the value of gold led to four-digit values of the exchange rate, the widespread spread of robots and strategies that were presented as the grail, in fact using averaging in the form of "stretching" grids of purchase orders or Martingale - increasing the position with an increase in loss.
Since 2011, there has been a drastic change in the "trading regime" of the market in terms of volatility, which was preceded by a global trend reversal and subsequent broad flat. These movements turned gold into a speculative instrument and nullified previous strategies.
Global Gold Trend
Like any asset, the XAUUSD pair is affected by seasonality, declines and increases in activity during the day, reacts to the release of macroeconomic statistics, etc. As for the global trend, on the scale of weekly candles for a period of thirty years, it still looks growing, staying in a temporary correction.
Who watches gold, it is well known that in the second decade of the XXI century, the precious metal ceased to be a safe haven, protecting investors' assets from inflation at an ever-increasing price. The long–term trend of increasing the value of gold led to four-digit values of the exchange rate, the widespread spread of robots and strategies that were presented as the grail, in fact using averaging in the form of "stretching" grids of purchase orders or Martingale - increasing the position with an increase in loss.
Since 2011, there has been a drastic change in the "trading regime" of the market in terms of volatility, which was preceded by a global trend reversal and subsequent broad flat. These movements turned gold into a speculative instrument and nullified previous strategies.
Global Gold Trend
Like any asset, the XAUUSD pair is affected by seasonality, declines and increases in activity during the day, reacts to the release of macroeconomic statistics, etc. As for the global trend, on the scale of weekly candles for a period of thirty years, it still looks growing, staying in a temporary correction.
The "American Golden Explosion" Strategy
The strategy is very simple and, at the same time, effective.
On the hourly timeframe, the "inactive" segment of the session up to 15-00 can be used as a range filter, determining the flat price zones that have developed up to this time and trading a classic breakdown.
Having placed orders in both directions after 14-00, having determined in advance the level of take profit equal to the size of the flat range, the trader can keep the deal until closing with a profit or exiting it after 20-00, using the opposite border as a stop.
The rules of the strategy are extremely simple:
1) We determine the flat section at about 14:00 – 14:30 Moscow time;
2) We place pending Sell stop and Buy stop orders below and above the flat boundaries;
3) The stop loss of the order is at the level of the opposite order, the take profit is equal to the size of the flat range;
4) Candle at 15:00 (sometimes a little earlier, sometimes a little later) activates our order, we are waiting for TP, or SL.
5) At 20:00, if neither take nor stop loss worked, we close the position, regardless of whether there is a profit / loss.
The strategy is very simple and, at the same time, effective.
On the hourly timeframe, the "inactive" segment of the session up to 15-00 can be used as a range filter, determining the flat price zones that have developed up to this time and trading a classic breakdown.
Having placed orders in both directions after 14-00, having determined in advance the level of take profit equal to the size of the flat range, the trader can keep the deal until closing with a profit or exiting it after 20-00, using the opposite border as a stop.
The rules of the strategy are extremely simple:
1) We determine the flat section at about 14:00 – 14:30 Moscow time;
2) We place pending Sell stop and Buy stop orders below and above the flat boundaries;
3) The stop loss of the order is at the level of the opposite order, the take profit is equal to the size of the flat range;
4) Candle at 15:00 (sometimes a little earlier, sometimes a little later) activates our order, we are waiting for TP, or SL.
5) At 20:00, if neither take nor stop loss worked, we close the position, regardless of whether there is a profit / loss.
