Backtest XAUUSD Nov 18 - Jan 19
TF Daily;
1. MA 7,21; Golden Cross (upside)
2. Marking major TL
3. Identify chart pattern; Falling Wedges (Favor to upside)
2. Price breaks major TL indicate trend direction (uptrend)
3. Set Fibonacci Retracement; Target TP = 0.5 - 0.618
TF 1hr
1. Look for BUYING only
2. TL; a. wait for bouncing at TL, BUY at Support TL & hold, b. SELL only when bounce at Resistance TL for retracement until bounce at Support TL (not recommended since trend has been confirm going up.
3. Mark Support when price retrace. Look for price reject with bullish CS to enter & re-enter BUY along the way as long price still not reverse to SL
4. Mark Resistance when price break and wait for pull back to enter & re-enter BUY along the way as long price still not reverse to SL
5. RIde the trend along the way as long price shows no reversal pattern
6. Trail SL for every position until price break last SL position
Vertical Line:
Green= Win 17
Red= Loss 2
1. MA 7,21; Golden Cross (upside)
2. Marking major TL
3. Identify chart pattern; Falling Wedges (Favor to upside)
2. Price breaks major TL indicate trend direction (uptrend)
3. Set Fibonacci Retracement; Target TP = 0.5 - 0.618
TF 1hr
1. Look for BUYING only
2. TL; a. wait for bouncing at TL, BUY at Support TL & hold, b. SELL only when bounce at Resistance TL for retracement until bounce at Support TL (not recommended since trend has been confirm going up.
3. Mark Support when price retrace. Look for price reject with bullish CS to enter & re-enter BUY along the way as long price still not reverse to SL
4. Mark Resistance when price break and wait for pull back to enter & re-enter BUY along the way as long price still not reverse to SL
5. RIde the trend along the way as long price shows no reversal pattern
6. Trail SL for every position until price break last SL position
Vertical Line:
Green= Win 17
Red= Loss 2
Aviso legal
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