Gold with No Drama

Quoting RaHaG0D

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It's quite simple. The first one-hour candle of the day is very important. This applies to gold, not to other currencies. If the range of that candle is around 50 pips, the price will react by moving twice that distance (100 pips) and then reverse. If the range is about 100 pips, the price will react by moving an equal distance (100 pips). I'm sending a screenshot now. Please check it. Praetorion also talked about it. I learned it from the Tony's ratios (proportions). The chart is set to New York time. You can aim for a 1:1 or even...

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Quoting newmilly

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{quote} Maybe they never slept yet... Im in south africa and its 6:30am here now... Guys are busy making money while we sleep, hahaha

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Quoting Raventine

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{quote} Sorry but this R/r is bad... should aim for better than 1:2 even 1:5 with 60% win still not good enough. In calculation, your winrate over R/r should be higher than 1 to breakeven in long term, but to be profitable it should be much higher than that. For example 0.5 rate with 1:2 is 1 => breakeven lol... in the end, this is much more important than everything else... I could fail 5-8 times in a row, but 1 profitable trade can cover all and also is profit for whole month. And that is how leverage work to make money :| not looking for breakeven...

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Quoting RaHaG0D

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...the price will react by moving twice that distance (100 pips)

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Quoting RaHaG0D

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{quote} I don't know what win rate and risk-to-reward ratio you expect from it. What I do know is that if you can have just one reliable system per day that gives you a consistent 20 pips of profit, you'll ultimately become wealthy. It has been profitable for me, although I don't use it now because I'm always too late. Other traders should also review it; if they find value, they can use it. No one is forced to do anything. Thank you again for your valuable opinion Yes, they should evaluate it—if it's valuable...

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Quoting RaHaG0D

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{quote} I don't know what win rate and risk-to-reward ratio you expect from it. What I do know is that if you can have just one reliable system per day that gives you a consistent 20 pips of profit, you'll ultimately become wealthy. It has been profitable for me, although I don't use it now because I'm always too late. Other traders should also review it; if they find value, they can use it. No one is forced to do anything. Thank you again for your valuable opinion Yes, they should evaluate it—if it's valuable...

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Quoting RaHaG0D

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{quote} I don't know what win rate and risk-to-reward ratio you expect from it. What I do know is that if you can have just one reliable system per day that gives you a consistent 20 pips of profit, you'll ultimately become wealthy. It has been profitable for me, although I don't use it now because I'm always too late. Other traders should also review it; if they find value, they can use it. No one is forced to do anything. Thank you again for your valuable opinion Yes, they should evaluate it—if it's valuable...

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Quoting RaHaG0D

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It's quite simple. The first one-hour candle of the day is very important. This applies to gold, not to other currencies. If the range of that candle is around 50 pips, the price will react by moving twice that distance (100 pips) and then reverse. If the range is about 100 pips, the price will react by moving an equal distance (100 pips). I'm sending a screenshot now. Please check it. Praetorion also talked about it. I learned it from the Tony's ratios (proportions). The chart is set to New York time. You can aim for a 1:1 or even a 1:2 risk-to-reward...

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Quoting fxcontest

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Short I'm feeling lucky...Again {image}

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Quoting newmilly

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{quote} I am getting 3751 as my target for a sell entry and 3715 as bottom target as TP. Any advice from the senior traders. This is what i see on my charts, i am still learning so any advice would be welcome! {image}

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Quoting Whale

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15m/30m showing long setups. I dare it, short 3751.5 and I will add 3760 and 3770 target the week open.

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Quoting Raventine

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{quote} look at first candle of the day, and please tell me the win rate. this system i once used at the beginning, but mostly it not profitable or not even clear to be a system. And ultimately, most daytrader are losing his/her own money due to 1 simple truth, poor win rate and R/r or in a single word that is "management"

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Quoting Raventine

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{quote} 10 days conclusive checked, 4/10 hit, 1 SL, half of it miss entry completely -.- that not a bad rate in short period {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}

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Quoting RaHaG0D

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{quote} This is your opinion. Just because you didn't understand the system and incurred a loss doesn't mean the system is bad. Did you even use the exact ratios I mentioned?! Many of my scalp trades 50 tp-sl , and 80% of them are successful. Who said a 1:1 risk-to-reward system isn't good or that it's poor management? Then why is my account growing?! I know exactly where I'm entering a trade, I even know what it means if my stop-loss is hit—whether it's a trend reversal or just a continuation. Your opinion is truly valuable. You think the system...

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