Live XAUUSD Gold - Signal M5 - M15 - H1 | 15/9/2023

TRADER NOTES
TRADER NOTES
300 بار بازدید - 10 ماه پیش - Tune in for the daily
Tune in for the daily analysis of XAUUSD Gold with live signals on the M5-M15-H1 timeframe for September 15, 2023. Gain in-depth insights into the latest gold price movements and potential profitable trading opportunities in this video.
#xauusd #scalping  #tradingstrategy #livesignals #goldprediction  #LiveTradeSignal Live Signal XAUUSD Gold M5, Daily Gold Analysis, Gold Price Prediction, Gold Trading Signals, September 15, 2023

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Explanation Pivot Point
is a simple pivot indicator that gives basic information such as Daily Pivot Points, Support 1, Support 2, Support 3, Resistance 1, Resistance 2, and Resistance 3.
The advantages of pivot points compared to other Support & Resistance methods, namely, every trader worldwide uses the same formula to calculate pivots. Hence, they are the most frequent market psychology level traders use to make decisions.

The basic principles of Pivot are:  
1. Usually, when the price is opened above the pivot, psychologically, the price will go up (although not always) and vice versa.  
2. Prices tend to try to break pivot, support & resistance levels.  
3. If the momentum is strong, the price will break the pivot towards support or resistance, but if the momentum is weak, the price will reverse direction.
4. If the price does not touch the pivot, it usually tends to move away from the pivot.

Explanation of Range Daily (Green Line & MagentaLine)
Range Daily Is the Range of High and Low Movement to determine the exit level Maximum trades, including Taking Profit and Stop trades in one day; this level will change daily. In addition, this indicator is also helpful so that we don’t over-trade.

Trading rules for this System :
Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events when using this strategies.
As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.

WEEKLY TARGET ZONE : (Bluesky Colored Zone)
DAILY TARGET ZONE : (Gold Colored Zone)
H4 TARGET ZONE : (Lime Colored Zone)

*BUY ENTRY*
- As long as the Candlestick is above the GoldLine, the price tends to be in an uptrend (safe entry).
- It is within the support zone.
- Candle breaks out of the Support zone (Pattern Candle / Bullish Engulfing).
- You can take a buy position with the target being the Resistance Zone above.


*SELL ENTRY*
- As long as the Candlestick is below the GoldLine, the price tends to be in a downtrend (safe entry).
- It is within the resistance zone.
- Candle breaks out of the Resistance zone (Pattern Candle/ Bearish Engulfing).
- You can take a sell position with the target being the Support Zone below.


*TRADE EXIT*
Any position within this system can be liquidated with a fixed profit target. Alternatively, the profit target should be set using previous support, resistance, or high-low levels as reference points. You can also manually exit the trade if the system conditions reverse.

It is advisable to use a stop loss. Set the Stop Loss below the entry price using previous support/resistance as reference points or at the previous high/low swing. Using fixed stop loss settings without any reference points is not recommended.
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⚠️ Warning! I am not a financial expert; all information shared is for entertainment and learning purposes only. Each individual is responsible for their own decisions.


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10 ماه پیش در تاریخ 1402/06/24 منتشر شده است.
300 بـار بازدید شده
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