Hello everyone! Well, here I want to share with you my trading results for almost 3 years! Maybe it will be a bit motivational for some of you! I started with just under $5000 and slowly (mostly part time trading) built it to over $100,000… Time and patience all you need in Forex really!
This week I was trading Gold and few trades I took with Silver. Below you can see examples of the orders I placed ( pending orders Buy Stop - 244points from the green level and Sell Stop - 244 points from the red level) and where I took the trades. My usual setups:
Initial Lot Size: 0.2 (closing 0.10 lots at 244 points)
TakeProfit: 244 points (aiming to close half position at 244 points)
StopLoss: 900 points, moving to break-even + 111 points at 244 points (trailing by 222 points in 111 point steps after 244 points).
I also use recovery system to cover the losses, but all the trades below closed with profits this week.
It’s amazing trading journal @JannaFX! You’re successful to grow up your account.
Hope to see more posts from you here. XAUUSD is of the most crazy pairs in FR market, but I like to trade Gold at the first until now.
Hi @Panda_Forex , thank you! Gold is very volatile, it could be hard to trade, well, depends on the strategy… Why “until now”? Have you stopped trading it?
I’m still trading Gold now, what I mean. It seems you have more time to trade Gold than me, can you share your experience what we should avoid when trading Gold?
Hi @Panda_Forex, I don’t have any ideas on what you should avoid, just because the strategy I use, I trade any possibility I see, I trade with the trend or against it and I trade during news events, I scalp Gold and take longer trades at times, I lock or use martingale to recover the losses etc… You probably read everywhere the opposite - follow the trend, don’t use martingale, locks and avoid news I guess the only thing to avoid in whatever trading is your emotions, don’t let them take over you and never set a specific target for a week or a month etc…