My Golden Strategy to Mastering the Markets

Mastering the Markets... The story of the Retail FX/CFDs Market

I have seen thousands of Trader's come & go....

Most get greedy, thinking they can repeat amazing Demo performance in the Live arena's & end up blowing up their accounts faster than they can say "PROFIT"... Some get into the markets way too early - especially after fancy FX education sales talk urging their clients to start churning accounts on a 3 pip EURUSD spread... More often than not they lose money on their first few trades & completely stop trading... Very few.... Actually make Money.

So what is the Secret?

Once over-complicated, trading becomes extremely difficult to digest. For me & from what I have seen, the key is to stick to a simple strategy that is proven to work.

Stay disciplined, keep your emotions at bay & never trade with money that you can't afford to lose (again a blunder that I see way to often)...

Patience & consistency are very much key, as it takes many years for those who are profitable (not lucky) to perfect their strategies - willing to risk a stake to support their development. Also -keep your expectations low... Most traders looking to make a "passive income" think they can do a consistent 10-20% a month - which is very unrealistic...

So... Step 1. Find a strategy that works & Step 2. Stick too it!

Time to share my Golden Secret... 

I am always keen to get personal with the guys making money from trading FX - & making money consistently. So I found a guy who made at least 14% per week and had been doing so for the past 60 weeks with a very simple strategy.

So I took the best bits from his strategy & formulated by own system (which is now running decently well on an automated basis)...

Going back to basics here.... but let's get straight to the point. Take a 3 day EMA and a 20 day EMA and but nice Bold colors on your chart. (I like to use yellow for the 3EMA and purple for the 20EMA) & look at a 30 Minute TF.... Something like this :

My rules 

As the 20EMA crosses above the 3EMA we have a short signal and as the 3EMA crosses above the 20EMA we have a long signal...

Somewhat simple... but you have to know which time frame to pick... I usually find that the 30M works ideally for Gold - especially when the market is trending well. However, it is important to avoid the choppy markets.

The key, therefore, is to study the "gradient" of the breakouts and have a fixed take profit amount in your mind before entering the trade.

 Live Example 

Let's take the breakout from this afternoon. A long at the cross-over of the 3>20 around $1195 would be up 70 cents profit right now...





So where do I take my profit now?

You have two options, you can either close when the 20 goes back above the 3 or you have a fixed 30 pip or 50 pip TP integrated within your strategy.

Remember - Avoid choppiness & essentially this trend following strategy works well once followed consistently on the correct time-frame. 

Would greatly appreciate your feedback & I hope this works out well for you guys.

Trading Gold with Atom8

We arguably offer the best conditions for XAU margin trading in the market. With spreads starting from 15 cents (raw) and commissions average $25 per million - Many sophisticated traders are enjoying our ECN conditions & with our FCA underlay... Atom8 aim to be the hub for the XAU trading community..

Check us out here www.atom8.com or email me with any questions you may have - anish.lal@atom8.com


- Peace & Love

Anish