Yesterday was pretty bearish from current time until after 2 hours of the NY open. But today the chart is extremely undecisive. It keeps changing directions and its painfully slow.

Gold

Why is it so slow... Its barely moving. I feel like I'm trading EU

Gold

True that. You know what else isn't mentioned here? NFP! Its the reason the market is choppy. Investors are waiting for the report.

Gold

Hey, dude. You made the right choice. This pair is excellent and worth all currency pairs out there, but it can get scary trading it sometimes. Stick to risk management no matter which strategy you trade. Because Gold is highly manipulated and ...

Gold

With this strategy, stops are deadly because of slippage. ONLY use market orders. Spreads depend on the event. CPI has higher spreads than NFP or FOMC, for example.

This ''strategy'' for trading news events

0.50 on XAUUSD trading CPI (for example) will not yield 150$, but more than 500$. That's 350$ profit. I'll show a video of it on the next NZD event.

This ''strategy'' for trading news events

Not on all news but only high impact ones. Even high impact ones can turn out to be bad. And you need to choose a volatile yet cheap pair like XAUUSD. cTrader has a backtest option. I believe it was added a year ago.

This ''strategy'' for trading news events

5 seconds. If the event is strong enough, it can give you at least 30 to 50 pips. It can go on longer but why take the risk. It can easily reverse.

This ''strategy'' for trading news events

I'll provide a video soon, on the next NZD event.

This ''strategy'' for trading news events

Really? Sounds awesome. Do brokers really suffer the losses from NBP or does it depend on the model of said broker?

This ''strategy'' for trading news events

Indeed. I don't hold for longer than 5 seconds, any more and it can reverse fast, taking away both your accounts.

This ''strategy'' for trading news events

It gets reset.

This ''strategy'' for trading news events

I'll be uploading a video to demonstrate soon Inshallah after work.

This ''strategy'' for trading news events

Few things to point out: Some people will say that liquidity will take both side but it depends on the event. You'll need to backtest it using cTrader. Don't make too much money or else the broker will notice. Try withdrawing regulary.

This ''strategy'' for trading news events

Hey, Zebi. Good to see you bro. What the hell is going on with gold? Good thing I was away for a while. Is it because of Israel or Putin?

Gold