GTF Webinar: Gold Trading Strategy from Fullerton Markets

In today’s Gold Trading Festival (GTF) webinar (1/9) the speaker from Fullerton Markets is Franky Nangoy. He explained 2 strategies in trading gold in order to get maximum profit.

As we know, when a conditionis unpleasant or negative, it actually becomes a positive factor for the price of gold. When economic conditions are not clear, that’s when safe haven assets triumph. Gold’s status as a safe haven is sought when conditions are not pleasant.

2 Gold Trading Strategy

Strategy #1: 3X GOLD

This strategy follows the market trend. In addition, this strategy is suitable for short-term. The key are:

• Time of the Session: Europe and US
• Time Frame: M15, M30,H1

Set-Up Trade Long/ Buy

1. Setup using 3 EMA 9 (red), 20 (black), 50 (blue)
2. Identify an uptrend when the EMA is 9 (red), is above EMA 20 (black) and EMA 20 (black) is above EMA 50 (blue)
3. Wait for the candle to touch EMA 9 (red) and wait for a Bullish candle pattern to appear. (Harami, Engulfing, Doji, Hammer)
4. Entry on the next candle
5. Stoploss is placed below the reversal candle pattern
6. Take profit ratio 2:1 or 3:1
7. Move stoploss to entry price when price has reached 1:1 ratio

Set Up Trade Shor/Sell

1. Setup using 3 EMA 9 (red), 20 (black), 50 (blue)
2. Identify a downtrend when EMA 9 (red) is below EMA 20 (black) and EMA 20 (black) is below EMA 50 (blue)
3. Wait for a candle to touch the EMA 9 (red) and wait for the Bearish candle pattern to appear. (Harami, Engulfing, Doji, Hammer)
4. Entry on the next candle
5. Stoploss is placed below the reversal candle pattern
6. Take profit ratio 2:1 or 3:1
7. Move stoploss to entry price when price has reached 1:1 ratio

Strategy #2 The Gold Surfer

Trade follow market trends.

• Time: Europa Session, US Session
• Time Frame: M15,M30,H1

Set-up Trade Long/Buy

1. Setup using EMA 9(red), EMA 20 (black), MACD (5,26,9)
2. Entry Buy when EMA 9( red) crossed above the 20 EMA (black), and MACD changed from negative to positive. The
3. stop loss was set below the LOW price of the previous 2 candles.
4. Close the position when the 2 EMA 9 (red) and 20 (black) cross each other again.

Set-up Trade Short

1. Setup using EMA 9 (red), EMA 20 (black), MACD (5,26,9)
2. Sell ​​entry when EMA 9 (red) crosses below EMA 20 (black), and MACD changes from positive to negative
3. Stop Loss is set above the HIGH price of the previous 2 candles
4. Close the position when both 9 (red) and 20 (black) EMAs cross again

When closing today’s webinar session, Franky also said that these two strategies are the result of a combination of 4 market strategists. The total profit can reach 140% with a record risk of 3% per trade.

 

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