TRADING STRATEGIES | PRICE ACTION ON GOLD

Hello Price Action Traders.

Xau/Usd – Gold

About a week ago, exactly on 17 June, here on the blog I posted an article about a short trading signal short on GOLD. If you go back to the blog in fact you see (in the section on the right side called archive ) and you can read what I reported. The daily chart that day showed this:

If we’re going to resume this trade, we can see that trading simple is the right way to trade. Trade the market through my trend swing trading methodology is easy and in this case  it would have been a good deal. In fact if we had invested $ 100 on this trade, we could get a 500%  performance. Here’s the chart to date:

The important thing is to have a good trading ratio between risk and reward, I suggest you then, when you want to open a new trading deal to control the quality of the setup and the relationship between these two factors. Important for trading is to have a trading plan, simple and profitable. Trading SIMPLE!

 

It’s all for today!

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FROM A REAL TRADER TO REAL TRADERS

Arduino

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