Scribd
Upload
20 views

text

The document outlines 17 secrets for trading gold, emphasizing the importance of support and resistance zones, price patterns, and timing for entries. It suggests using multiple timeframes for analysis and execution, layering entries, and employing a confirmation system with specific candle patterns. Additionally, it advises caution during certain market sessions and highlights the risks involved in trading gold.

Uploaded by

factteller263
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
20 views

text

The document outlines 17 secrets for trading gold, emphasizing the importance of support and resistance zones, price patterns, and timing for entries. It suggests using multiple timeframes for analysis and execution, layering entries, and employing a confirmation system with specific candle patterns. Additionally, it advises caution during certain market sessions and highlights the risks involved in trading gold.

Uploaded by

factteller263
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
You are on page 1/ 2

ALPHA TRADER 17 SECRETS OF GOLD

• Gold dose not move without touching a certain support & resistance at
least 2 times.
• Our job is not to predict our job is wait for the price is to react and
then take action accordingly.
• Does the price respect this particular region hasn’t respected in past
hasn’t touched multiples times .
• Was there are dissent move from there particular zone because that’s
gives me an edge when I trying marking out support & resistance zones.
Session no - 1 (Analysis)

Secrets - 1
• Change your zones quickly.

Secrets -2
• If there is support or resistance zones from were there is 1h wild
range candle formed most likely that particular zone is to be given more
importance.

Secrets -3
• 4h timeframe to get the general structure idea.
• 1h timeframe to validate and refine my zones.
• 15min to confirm my 1h timeframe zone and to see weather my zones are
correctly or not.

Secrets - 4
• Gold has a habit of making two patterns when it comes to the zones.
• 1 pattern is Head and shoulders , pattern is inverted head and
shoulders, 2 is double top or double bottom.
• If you have entered gold as in your zone and it is distributing if it
is making bearish or bullish pattern depending on whatever side you trade taking on
most of the time is also come and retest to it and when it comes to retest you can
take a add another entry and just hold on to it because you know most of the times
if that’s happened it’s gonna work.

Secrets - 5
• If there is a wild range candle from a certain zone but that zone
multiple touches before you can consider that zone to be valid.

Secrets - 6
• The zone is broken on that particular time frame. The candle has broken
the zone by it’s body on that same time frame the should be consider broken and you
should moving zone whenever the resents price action happened and that particular
zone should be dictated because price has completely broken of particular same time
frame and the zone now broken.

Secrets - 7
• Avoid risky setups when London session all most over and New York
session is about to start.
• After the fade interest rate decision for almost a week gold get
sideway.
• Gold goes into the range of 2.5 percent.

Secrets - 8
• Simple support and resistance.

Session no - 2 (Execution)
Secrets - 1
Layering system
• Your zones are only 20 pips .
• I divide my entry into 3 parts , 1st layer, 2nd layer, 3rd layer.
• Now price in coming to my zone very first time I’m take the entry

Secrets - 2
• Whenever you take the entry in gold , and then gold goes 20 pips in
fervour immediately trail your SL , and cancel the layer order.

Secrets - 3
• The price doesn’t respect 1st zone takes 2nd entry in second zone with
2X lot size.
Disclaimer ( it is risky, you have experience of 4 to 6 months with 17 secrets of
gold)

Secrets - 4
• Conformation system - So when you using the conformation system you
should enter 1 min timeframe. There are 2 simple patterns 1st one is a bearish
engulfing or bullish engulfing candle, with in the zone you can take entry.
• So the most simple way to use the conformation system is to first make
sure your are trading with half quantity that means you are going to risk only 1
percent per trade if you trading zone which has been touched at lest ones . So if
your zone is not fresh you trading a 2 or 3 time you should risk only 1 percent per
trade.
• Try to enter a part suppose.
• If the zone is distributing that is also a conformation .
Important - ( engulfing candle, double top or double bottom, and distributing
zone ) this behaviour is to enter a trade.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy