Learn three secrets about how to trade gold successfully. The first secret is based on gap opening after an impulse followed by a structure, which can be used for both continuation and reversal patterns. This strategy can apply to any time frame, and there are many examples provided in the video. The second secret is about momentum and finding where the market is likely to be heading, and the third secret is based on daily/weekly weightless candles. Overall, the video provides valuable insight for anyone who wants to learn more about trading gold.
Discovering the Three Secrets of Trading Gold with Proper Strategy
Forex Wizard from Forex Trading Movies or Academy reveals the techniques to successfully trade gold and make money every single day.
Secret 1: Gap Opening
Learn how to identify a gap opening and use it as a signal to predict the market direction. This technique can be applied to both continuation and reversal patterns.
Examples on real charts:
– Gap opening in a 15-minute chart
– Gap opening in a 4-hour chart
– Gap opening in a 1-hour chart
– Daily weightless candle
Secret 2: Identifying Liquidity Grabs
Understand how long-term downtrends and series of lower highs dictate the market’s direction. Identifying liquidity grabs can help make profitable trades.
Examples on real charts:
– Series of lower highs in a 15-minute chart
– Series of lower highs in a 1-hour chart
Secret 3: Support and Resistance
Know how to identify support and resistance levels and base your entry and exit points on these levels. This technique can help you maximize profits and minimize losses.
Examples on real charts:
– Support and resistance levels in a 4-hour chart
– Support and resistance levels in a daily chart
Conclusion
By learning these three secrets and mastering the proper strategy, anyone can become a successful gold trader. Always remember to do thorough research and analysis before making any trades to ensure profitability.