Student’s trades – Pi and his great swing trade on gold (XAU/USD) [Video]
|Pi is one of the students in our Private 1-1 BTFX mentoring program. In this session, he shared his great forex swing trade with more than 1:3 Risk:Reward ratio on Gold using the simple price action style. He is great at his trading mindset, risk management, and technical approach. He is very disciplined with this trading journal and plan and he is on the way to become a great forex gold trader! In this video we discussed students great trade on the metal market - Gold. By doing the top-down approach (GOLD anaylsis) using the high time-frames we can see our student traded the XAU/USD Gold asset with great execution and management. Price action on weekly and daily charts shows the price on Gold was in the downtrend so Pi (our student) took short trade , sell trade on GOLD.
In this video on GOLD (XAUUSD) metal video we covered the top-down approach made by our trading student and his reasons to take this great swing forex trade on gold. Simple trading approach with powerful money management rules and simple trading rules combined with right trading mindset, psychology is the key to long-term success in trading forex. Risk management rules and correct trading psychology is our best trading edge, once we learnt to read the price action and market behaviour. Our top-down appraoch , analysis on XAUUSD and weekly forex outlook is done on multiple time frames as Weekly, Daily, 4 Hourly, charts. We post weekly forex forecast videos and trade videos every week. Subscribe, like and comment to stay updated with new trading outlook videos.
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