I go by the nickname SIA, have been trading Forex and gold for the past 2 years. Some profitable months and some negative months later, I have tested most mainstream indicators, strategies and psychological tips with both demo and live trading accounts.
Right now, I am focusing only on XAUUSD pair, trading only during the Tokyo Main Session and London Opening hours. The 3 main strategies I rely on are the following: 1. Supply & Demand 2. Fibonacci 3. Asian Market Range
From the start of 2025, I have been testing this strategy for a month and constantly optimising this method. So far I have been seeing an accuracy rate around 61%. Mechanics wise I’m always going in at 1:1 RR, and my trades usually end in 1 to 2 hours, I don’t go beyond 3 trades a day and I don’t trade news. I usually enter after my price point is triggered and with a secondary confirmation candle.
My aim this year is to achieve stability from trading and develop a sustainable trading system for myself.
Nice to meet y’all and have a great trading year ahead!
Thanks for the warm welcome! Sounds good, do try out with a demo account first, and if you are going in with a live account, just stick to 0.01 lot entries until you’re used to the high volatility to gold prices. Compared to mains like EURUSD and such, it’s like a placing a tortoise beside a rabbit.
Also, please avoid “red” event trading, the gold markets are brutal on event speculators.
And yes, I created this basic guide and I’m constantly trying to improve it, right now it’s mostly words, but I’m planning to slowly introduce in more pictures as I get more time off from work. It’s just a small introduction to gold trading there.
Will probably work on my trade journal there and here in BP too!