Hay all again now i have short GOLD 672.10
2 trades 1st TP is : 663.10
2st TP: Let it run
Thread moved from trading systems forum.
Keep all your trading here, not every thread and forum you see.
Gold- (XAU)rose by US$2.70 an ounce to US$662.60 in response to a weaker USD and a rise in oil prices
I have problem when I enter the market.
When I saw the "Sell signal", I short the market, after I entered the market the
"Sell signal" suddenly changed to "Buy signal".
Can somebody tell me "How to enter the market correctly?"
The problem is with your system. Whipsaws will kill it. The system shouldn't treat the slightest change in price as a change in signal. It's common to see such system in MA crossover, MACD crossing 0, RSI reaching oversold/overbought, etc.
Try adding some filters to it. You take the trade only if it has crossed and stayed there for a few bars, or only if indicator 1 has crossed indicator 2 for some distance. If I'm not in a hurry, I will wait for price to break out by creating limit order to buy at today's high or sell at today's low. To go up one more level, I would use Super S/R indicator to box the price for breakout.
Closed trades !!!
1 st tp hited +900 pips
2 st tp closed +1130 pips
TOTTALY :2030 pips
Lets weit next signal
Gold signal is up for long term as its demand..
which level to buy in this current high levels and it target u aim for ? pls reply
which indicotor to follow for gold trading ?
pls guide me
Charts are best indicators.
yea buddy i will agree with you these are the best ones