Trading Gold overnight using the THD indicators resulted in a gain of 113 ticks using a combination of the ATR strategy with the ADX strategy. Unless there is an ADX magenta peak, the only trades to enter are trend trades. This means that if the higher timeframe is trending down, then only shorts can be entered at the red plus sign (ATR).
Trading Gold Overnight – Trend and Counter Trend Trades
Once an ADX peak comes in, then you counter trend trade. On the lower timeframe, the ATR color is opposite the ATR color on the higher timeframe. Wait for a test of the new ATR and then go in the direction of the retracement.
The box on the chart above shows the ADX magenta peak area on the higher timeframe. If trading Gold during this period, you know to only take longs as the higher timeframe is retracing back to the ATR (plus sign).
The exact entries and exits for trading Gold were:
- Short @ 1071.30, exit @ 1068.7
- Short @ 1068.7, exit @ 1066.1
- Short @ 1066.8, exit @ 1066.6
- Long @ 1066.2, exit @ 1069.2
- Long @ 1069.6, exit @ 1070
- Short @ 1070.2, exit @ 1067.7
Between the Aussie trades, British Pound trades, and these Gold trades, the indicators were able to recoup the Diamond subscription package cost plus over profits in just one week.
Plus, the indicators identifies beautiful trades on the ES and Yen, as well. The profits from these trades were just added bonuses because the other trades had already paid for the subscription.
Counter Trend Trade on ES (S&P 500)
The THD Strategies will be available soon on a subscription only basis (either quarterly or annually) for clients that have the indicators. Of course with our new subscription service, clients will always have the latest indicators, online training courses, and access to a weekly webinar on Mondays from 10am till noon.