Today marks the end of the first quarter of the year..
I promised my self this year i will be very decisive on my approach and if i dont see good results, i will switch to another approach....
I traded gu and i noticed ive been going back and forth with no clear path in sight and if i continue with this step i might spend the whole year just in phase 1....

While i was trading gu, I've also watched gold on the sidelines, ive always known that one day i will switch to fast moving pairs but i also know that i had to work on my discipline before making that move....

So I think I'm ready to take up last challenge of trading gold, in the next 3 months I'll be trading gold and GBP USD together.

So the past 3 weeks I've been trading gold and I made good progress better than I did with GBP USD....

2 weeks ago I opened an account with ftmo 200k account, and I noticed I made good profit about 2% on the account while risking 0.5% per each circle of trade, meaning that the trade I take in gold and GBpUSD combined is 0.5%

So going to the new week that's what I'll be working on this...
Since I'm still experimenting I will stop trading my 200k account and other accounts and focus on my 15k account and 25k account by the grace of God I'm still expecting other accounts...

So far I have 2.5% in my 15k account and 1.5% am I 25k account

The strategy a simple on the 15k account I'll be using 0.07 lots on gold and 0.12 lots on GBP USD and also risk to reward will be 1:1

And I will have 50 pips stop loss on gold and 30 pips stop loss on GBP USD

My profit target each day will be $45 meaning if I have a trade on GBPUSD and gold at the same time once my profit shows $45 I'm closing all trades

Meanwhile take profit will be set at 30 pips for GBP USD and 50 pips for gold

Which means if gold take profits hits first I'll be having $35 that means I need just 10 more pips on GBPUSD to get my daily target and I close the trade same applies to gold if GBP hits first I'll be needing 20 pips on gold to hit my target so that's how I intend to work through this let's see how it goes....

In situations where one hits stop loss first alert the second to run to take profit in order to cover for the initial loss but if both trade he stop loss in a day I close for the day and continue trading in next day....

This means both trade has a risk of $71 if both hits stop loss but in situation whereby one hit stop loss and the other is take off it I'll be closing at break even

In other words I'll be risking 0.47% on 15k account and and 0.3% on 25k account with intention of getting at least 2% per month thank you

Donsheddy:
Thursday


Gold 50 pips profit.

Gu 10 pips profit

Nice one there.... Can we talk on Whatsapp pls

OttHin:


Nice one there.... Can we talk on Whatsapp pls

Yeah we can...

Hello bro i've been seeing your posts and i love your determined spirit, I encourage you to continue trading gold for various reasons i trade gold mostly and secondly gbp/jpy

daniel2000bc:
Hello bro i've been seeing your posts and i love your determined spirit, I encourage you to continue trading gold for various reasons i trade gold mostly and secondly gbp/jpy

Sure bro....
Im enjoying the ride with gold so far

If you’re using Deriv to trade, you can fund your account with as low ad $1 and also withdraw from your account as low as $1. Very swift and smooth. My agent is tested and trusted. Chat me a mail on delabella@yahoo.com for the WhatsApp group link

Donsheddy is it 1:1 reward risk ratio

Donsheddy:
Thursday

Gold 50 pips loss

Gu 30 pips loss

daniel2000bc:
Donsheddy is it 1:1 reward risk ratio

yes boss

I use same 1:1, The idea is to concentrate on a high winning rate

Donsheddy:
yes boss

cool your gu and xau are having same outcome

Donsheddy:
Monday

Gu 30 pips profit

Gold 20 pips profit

Gu today

Nice one bro i shared my 1:1 reward risk ratio too here https://www.nairaland.com/8070711/accurate-forex-setup-1-1#129593054

Donsheddy:
Tuesday

Gold 50 pips profit

I have being following you lession,But I got no idea about trading,
I wouldn't mind putting me through Sir,
I really want to learn it,no matter what.
Can I get your WhatsApp number.thanks