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Gold (XAU/USD) with BiteFX

Thank you for your kind words chief. I'm a Nigerian. From Southwest zone. I dislike disrespect and look down with passion. So I had to do my thing separate from negative energies. I will PM you. I don't sell programs or systems. But, we will be glad ...

Gold (XAU/USD) with BiteFX

Yeah, SL is my only caution. Another thing I do is if original or initial SL not protective SL is hit twice in a cloud, I won't trade that cloud signal again.

Gold (XAU/USD) with BiteFX

I'm glad you are already baptised here.

Gold (XAU/USD) with BiteFX

Starting from the image you quoted... SL placement is the lowest price of the two bullish candles to the left of the bear candle we entered at. TP, we trail until we see CHOCH as explained here and a break below up cloud. Reverse this explanation ...

Gold (XAU/USD) with BiteFX

Observe that I did not even make mention of news event for once. This is because price movement on the chart will tell you everything about the news event. More than that, they said, buy the rumor and sell the news. How do you determine the rumor ...

Gold (XAU/USD) with BiteFX

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Gold

You really had time Miss D. Your decision is plausible. Meanwhile, it is normal for losers to hate on winners. They just can't stand it. A very well done to you. Thank you for all you do. And the very reason I opened a separate thread to share my ...

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Gold (XAU/USD) with BiteFX

B$ 2951.40

Gold (XAU/USD) with BiteFX

Question? When you close your winning trade because you feel it has reached TP, what will you be sitting down doing then? Instead, allow your winners to run for as high as they can. That is the way I learnt to trade profitably by the books. But this ...

Gold (XAU/USD) with BiteFX

Practicing delayed gratification which in turn reduces the dopamine effect of short term wins and the euphoria of short term loses. At this point, you become one with the market.

Gold (XAU/USD) with BiteFX

These were some of the thoughts that led to my search for a trend following strategy that is suitable to my personality and then I built it into tradable system for me.

Gold (XAU/USD) with BiteFX

Let's do a little imagination game... Imagine 1. When you started trading newly all the accounts you blew because you felt the market will leave you behind. 2. The trades you entered at very low prices four or five years back but closed because you ...

Gold (XAU/USD) with BiteFX

Nothing special or mystical about the colors of my Ichimoku either. Just grey and yellow, to enable me see the candles properly. As Steve Nison once quoted the Japanese proverb in his book... "Candles exhaust themselves to give men light".

Gold (XAU/USD) with BiteFX

I estimate more increase in price based on textbook charting technique. If a significant high or low is broken, it will retest and continue higher or lower.

Gold (XAU/USD) with BiteFX

Ok, now we are not expected to pick tops. As we are expecting a new ATH. Gonna be pretty high because of the set up I estimate.

Gold (XAU/USD) with BiteFX

Market is here again today. Let's see if the bulls got balls.

Gold (XAU/USD) with BiteFX

With this system, I just debunked the whole HH, HL, LL, LH market structure for you. Use one bull candle as High and one bear candle as low. Then permutate the price movement. You will be amazed. In fact, I find it more interesting on H1 TF.

Gold (XAU/USD) with BiteFX