Fibonacci wins about 2 trades in 3 on goldβ¦ and still loses money. π
I tested the exact rules from the video on 17 years of gold: 7,823 buy trades. Every timeframe lost. The target is only half the risk, and random entries did as well or better.
0 of 6 versions passed.
Not financial advice. Backtest results are not a guarantee of future performance.
#fibonacci #fibonacciretracement #gold #xauusd #backtesting #tradingstrategy #goldtrading #trading #goldtested
Fibonacci retracement explained in 30 seconds. 1οΈβ£ Mark the swing low and high. 2οΈβ£ Wait for a pullback to 38.2β61.8%. 3οΈβ£ Look for a bounce. Does it actually work on gold? Follow and I'll test it. Not financial advice. #fibonacci#fibonacciretracement#gold#xauusd#goldtrading #tradingstrategy #technicalanalysis #trading #forex #learntotrade
8 MORE chart patterns every trader shares (part 3). Parts 1 & 2: 15 busted, 1 maybe. Which of these survives 17 years of gold? π #xauusd#gold#chartpatterns#trading
Part 2 results: I backtested 8 more chart patterns on 17 years of gold.
6,499 trades. 8/8 busted.
Descending triangle looked good on 4H, but just 33 trades and it failed before 2020. Luck.
Parts 1+2: 16 patterns, 15 busted, 1 maybe.
Not financial advice. #xauusd#gold
The most popular Smart Money entry (CHoCH + BOS + Fib), tested properly: 36 versions, 17 years of gold.
15-min: 12 of 12 versions lost.
The 0.618 entry: break-even at best.
0 of 36 passed.
#XAUUSD#SMC
π‘ GOLD KEY LEVELS Β· Tue 20 Oct
Price now: 4,121.50
Above β¬οΈ
4,136.59 Prev day low (+15.1)
4,147.16 Asia high (+25.7)
4,159.33 Weekly open (+37.8)
4,190.33 Prev day high / H4 swing high (+68.8)
4,199.10 H4 swing high (+77.6)
Below β¬οΈ
4,115.49 Asia low (β6.0)
4,073.31 H4 swing low (β48.2)
4,066.30 H4 swing low (β55.2)
Watch how price reacts at these β sweeps and rejections often start here.
Levels and data, not signals. Not financial advice.
$xauusd
I tested the 8 chart patterns everyone shares.
17 years of gold. 13,239 trades. Real costs.
7 busted.
1 maybe: bullish engulfing, 4H only.
The twist: bull flag passed on the last 2 years, then lost money before 2020. One regime = luck.
#XAUUSD#Gold
Ran it on 17 years of gold, split at 2020 like you suggested. It mattered: the bull flag (15m) passed on the last 21 months, but lost 35R before 2020 and made 65R after. One regime only. 7 of 8 busted. The one survivor held in both eras: bullish engulfing on H4. Video coming soon..
8 chart patterns every trader shares.
Head & shoulders. Double tops. Hammers. Flags.
Everyone posts them. Nobody tests them.
I'm backtesting all 8 on 10 years of gold data. Results soon.
Which one do you think holds up? π
#XAUUSD#gold