Silver Setup.

Trade Gold/Invest in Silver

Gold Setup.

Trade Gold/Invest in Silver

Mental — Learn to take big profit, accept small loses. Continue doing the correct things. Overcome mental barrier. Inner Peace

Trade Gold/Invest in Silver

Failed Trade example — Although the setup was correct, sometimes trade failed. Buy 1548 but price fall hit stop loss.

Trade Gold/Invest in Silver

Everything already factored in the Chart. — Focus on the chart. See clearly. Everything already factored in. No need worry much about external 'cause'.

My Trading Strategy 1- Fibo Confluence

Focus on the chart. See clearly. Everything already factored in. No need worry much about external 'cause'.

Trade Gold/Invest in Silver

Mental — Learn to take big profit, accept small loses. Continue doing the correct things. Overcome mental barrier. Inner Peace

My Trading Strategy 1- Fibo Confluence

Failed Trade example — Although the setup was correct, sometimes trade failed. Buy 1548 but price fall hit stop loss.

My Trading Strategy 1- Fibo Confluence

Chart. Price fell after reaching resistant 1511.

Trade Gold/Invest in Silver

R/R or Sl to Tp ratio 1:2 — Just did some backtest for S1. If using Risk Reward, or Sl to Tp ratio 1:2 this strategy can be very quite profitable. Will start some live testing using ratio 1:2 next week.

My Trading Strategy 1- Fibo Confluence

Chart.

My Trading Strategy 1- Fibo Confluence

From my experience, sculping is not a good trading strategy as well. Not systematic and unscientific.

Trade Gold/Invest in Silver

Chart.

My Trading Strategy 1- Fibo Confluence

See price bounce after Fibo Confluence.

My Trading Strategy 1- Fibo Confluence

No SR or TL confluence — Hi activemax, the fiboR drawn is correct. But I can't see any strong Support(SR) line or Trend Line(TL). This strategy need to draw SR or TL, or both SR and TL. Then FiboR confluence with 1 or 2 of them.

My Trading Strategy 1- Fibo Confluence

If this thread is active with many traders posting their charts & reviews using this strategy, or using this strategy with some modifications, then i will share my others strategies. I think its more meaningful this way..

My Trading Strategy 1- Fibo Confluence

Advice for your trading account: - Don't use different strategies that contradict each other. - Stick to the pairs you familiar & already shown result. - Don't jump around from strategy to strategy.

My Trading Strategy 1- Fibo Confluence

Everyone is welcome to post your chart. Thanks.

My Trading Strategy 1- Fibo Confluence

From my experience, Average down and Hedging are not good strategies. Use them really only when we have no choice, not willing to cut big loses.. After that avoid using them anymore. Learn and apply other good trading systems, which setting stop ...

Trade Gold/Invest in Silver

Miss Trade — If price just miss the pending order, and the price is between FiboR 50% & 61.8%, we can consider using instant order or 'stop' order to enter trade instead. How? See Post #13

My Trading Strategy 1- Fibo Confluence