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GOLD signal

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Janek
229
Janek  

Hay all again now i have short GOLD 672.10

2 trades 1st TP is : 663.10

2st TP: Let it run

Scorpion
4111
Scorpion  

Thread moved from trading systems forum.

Keep all your trading here, not every thread and forum you see.

dekac
215
dekac  

Hi

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

ROGER
225
ROGER  

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?"

Thanks

Scorpion
4111
Scorpion  

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.

Janek
229
Janek  
zub2004:
Hay all again now i have short GOLD 672.10 2 trades 1st TP is : 663.10 2st TP: Let it run

Closed trades !!!

1 st tp hited +900 pips

2 st tp closed +1130 pips

---------------------------

TOTTALY :2030 pips

Lets weit next signal

pro_atro
459
pro_atro  

Gold signal is up for long term as its demand..

jamesforu
96
jamesforu  

which level to buy in this current high levels and it target u aim for ? pls reply

jamesforu
96
jamesforu  

which indicotor to follow for gold trading ?

pls guide me

pro_atro
459
pro_atro  

Charts are best indicators.

john2kin
3
john2kin  
pro_:
Charts are best indicators.

yea buddy i will agree with you these are the best ones

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