I am thinking of trying out Gold. What are the best sessions to trade it and what are the important factors to be looked on (Eg- News, Inflation, Economy) etc
@chetansuri17 Say for example my strategy is that I draw Supply and Demand zones and than when price comes to that zone and forms - Bullish Engulfing/Morning Star/Pinbar , I buy and for the opposite I sell. How can i code this?
Brother you sl should have been above the pinbar with some buffer. Because that was a resistance/supply zone. You kept you SL wrong and that is why it got hit.
Just think it this way that if the trade is of your setup and according to your rules and you do not take it, then you can lose significant profit if that trade hits your TP and you did not enter it.
@marwadiadvisor19 Accha mtlb koi Banda kaise bhi seekh le? Bina equity me practice kare koi Banda options kar sakta hai kya? Ek path to hota hai seekhne ka.
@shanurana2331 Hedging will also decrease you profit but if you hedge correctly you can manage your risk efficiently. For ex If you buy a stock hoping that it will go up but it goes down and eats all your profits. In this case what you could have done is you could have shorted it...