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Trading gold on the 15M part one 👍

Evening traders.

FOMC news caused some massive moves yesterday which carried on in to today.

Gold was massively effected but I wanted to share two ideas tonight on how I've traded those moves.

First idea is using our EDGE strategy which is a trend based strategy.

This isn't a gloat post this is to show two potential ways of trading gold on the 15M time frame.

Strategy in use here is a follow trend with a stop loss strategy.

The current trade at time of writing the idea is running at a risk to reward ratio of 1:32 RR 😍

As with every idea I post trade history data can be seen at the foot of this idea.

Here comes the tricky bit for some with this strategy. Others out there might be comfortable with this next bit.

We have a stunning 1:32 RR trade running but as a trader would you be comfortable with a 24% win rate strategy?

No one knows what is going to happen when we hit that trade button. In trading we live in a world of probability not certainty.

The probability for trading gold in the manner shown comes from the large sample size of back test data on previous trades.

This data helps gives confidence and believe on how the strategy can play out over a long period of time.

That allows me as a trader to happily enter the market knowing that over time despite only having a 24% win rate I still have a strategy with a proven edge.

A trading edge is a strategy that creates bigger wins than losses on average.

Despite the low win rate this strategy does that with huge trend trades like this one.

If this doesn't sound like a comfortable way of trading to you then my next gold idea on the same 15M chart might suit you better.

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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.

Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.

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Please hit the 👍 LIKE button if you like my ideas🙏

Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌

No one likes missing out, do they?

Also, see my 'related ideas' below to see more just like this.

The stats for this pair are shown below too.

Thank you.
Darren.