So let me drop some recurring patterns, mainly on gold, that would help you as a trader:
Trading the reverse of the news direction after the news has passed tends to occur a good amount of times.
Secondly, the Monday open gap can give various opportunities, either in terms of filling the gap or trading after the gap has been filled.
Pay attention to the previous day's closing price and bias.
The daily ATR value is important in predicting if your trade has a high probability of hitting TP that day. Most times, I calculate it by doing the Daily ATR / 2.
Being patient when trading GOLD pays more over time.
Have a nice day.
@Julio_omuria@Confidence13fx@EquityEdgeUK Man if you only did it once and not recurring as a pattern of spamming positions , you are good.
Try to read rules and trade alongside them .
In all that you do, knowing when to scale up and what plan to use makes a whole lot of difference.
If you have good consistent wins with a smaller RR like 1:1 , Instant Account is just the right thing for you.
Someone trading a 100k account making 7 percent with able profit, to be able to do the same thing on a 10k account you would need 10 10k accounts .
And if it takes you a month to pass 1 to funded it would take close to a year .
The power of scaling up is crazy fr.
You have to know your trading behaviours including the best account for you and maximise on that .
@EquityEdgeUK Instant Accounts are undoubtedly the most affordable in the industry , do well to go through the rules well , Trade well and get Paid.
Have a Nice Week mi Familia.
๐จ$50,000 2Step account Giveaway๐
Make sure to try out equityedge flagship accounts best 2 Step model in the business.
Here's it my Fam .
How to enter:
1๏ธโฃ Follow @Phitogram@Danieltrades@berkayglife@EquityEdgeUK@Investor_Theo & @TheosCap
2๏ธโฃ Like & Retweet this post
3๏ธโฃ Retweet quoted post
โณ 72 HOURS