Xin’s Independent Currency Trading for 3/11/2016 – Why I Love Gold :-)

RYZE.Ai and Currency Trading:


Gold Swiss Franc

People who are avid readers of my Xin’s Trading Adventures articles and have asked themselves, “Can I make money trading Forex? or “Can I make money with Hodo Global?” but don’t have the knowledge or the time to trade currencies by themselves, don’t think you are out of luck. There is a fantastic software program called RYZE.Ai from Hodo Global. Check out the videos at the bottom of this article to learn more about this fully automatic artificial intelligence algorithm, which I really like and creates consistent profits, week after week. For more details, please watch the overview videos, read more of my detailed articles, attend a Thursday evening webinar or send me an email and set up a time to talk personally.

Now back to my personal trading:



Gold Trading!

For all the non-independent trading, see my weekly trading reports which will cover the Master Traders automated mirror trading  and trading in the Live Trading Rooms.

Remember, my Daily Trading Reports cover my independent trading using the Harmonic Scanner, which is one of the ways I can make money with currency trading.

Independent Trading

Remember, I have changed the period so that each daily trading report will contain one day’s trading. So, there will be a morning session and an evening session on the same day. My thoughts being that this will be a little less confusing for everyone, especially me.

Morning Friday 3/11/2016

Signal 1: EURJPY


Euro / Japanese Yen (EURJPY) Harmonic Gartley Pattern on Hourly Chart from 3/11/2016


Signal 2: AUDNZD

.I scaled into this trade and had three positions.


Australian Dollar / New Zealand Dollar (AUDNZD) Harmonic Shark Pattern from 3/11/2016


Evening Friday 3/11/2016

Results Signal 1:


Euro / Japanese Yen (EURPY) Harmonic Gartley Pattern on Hourly Chart for 3/11/2016

Results Signal 2: AUDNZD Shark Pattern


Australian Dollar / New Zealand Dollar (AUDNZD) Harmonic Snark Pattern on Hourly Chart from 3/11/2016


Now we come to a trade where I outsmarted myself and turned profits into losses. For those of you who noticed my lack of mistakes yesterday, have no fear I have made another one. Hopefully, you can learn from this and NOT make the same dumb mistake.

What the trade should have been:

Position 1: Entry 126.900 Exit 125.472 for a net of 14.28 pips (I managed to lose $1.68)

Position 2: Entry 126.850 Exit -should be still open and in profit (I managed to lose $1.44)

Position 3: Entry 126.832 Exit – Still open



Results Signal: Gold / US Dollar

The Gold / US Dollar signal was from yesterday evening. If you recall, I had scaled into three positions and set my stop losses and three profit targets. This trade is still in progress. It has hit the first two profit targets yielding a nice profit so far. If you look closely you will see that I got in at a lower price than what is shown on the chart. I did not see the trade right away, and thus got in at a lower price. I lost some profit potential but felt the trade was still worth it because it was moving in the right direction.

Note: Gold trades in dollars and cents. So, trading .01 lots a pip is $.01 or 1 cent.


Gold / US Dollar (XAUUSD) Harmonic Shark Pattern on Hourly Chart on 3/11/2016


Position 1: Entry 1272.52 Exit 1265.36 for a net of 716 pips or $7.16

Position 2: Entry 1272.40 Exit 1259.86 for a net of 1254 pips or $12.54

Position 3: Entry 1272.16 – Still Open

716+ 1254  = 1970 pips

19.70 pips x $.01 per pip on a .01 lot = $19.70 profit

On this $1,000 account that would be a return of $19.70/$1,000 = .0197 or 1.97% in the same day, with one position still open.

Now Some History

Question: Where did Gold Standard originate?

Answer: In London in 1717.


Royal Mint

According to Wikipedia; “The London Mint first became a single institution in 886,[4] during the reign of Alfred the Great, but was only one of many mints throughout the kingdom. By 1279 it had moved to the Tower of London, and remained there the next 500 years, achieving a monopoly on the production of coins of the realm in the 16th century. Sir Isaac Newton took up the post of Warden of the Mint, responsible for investigating cases of counterfeiting, in 1696, and subsequently held the office of Master of The Royal Mint from 1699 until his death in 1727. He unofficially moved the Pound Sterling to the gold standard from silver in 1717.

The building was rebuilt in the 1880s to accommodate new machinery which increased the capacity of the Mint. As technology changed with the introduction of electricity and demand grew, the process of rebuilding continued so that by the 1960s little of the original mint remained, apart from Smirke’s 1809 building and the gatehouse in the front.”

Now for Some Geography: The Royal Mint

New Signal: Silver / US Dollar

The Silver/ US Dollar trade is moving along well. It hit the first profit target and has two positions still open. Both of these are in profit at this time. I am considering moving both of the stops in closer so that these will get stopped out at a small profit instead of losses. I do not think that adjusting the stops at this point is too early and thus I am not repeating my earlier mistake with the AUDNZD. I will adjust these stops before the market opens Monday in Sydney, which is Sunday evening my local time here in New Mexico.


Silver / US Dollar (XAGUSD) Harmonic Shark Pattern on the Hourly Chart on 3/11/2016

Position 1: Entry 15.65 Exit 15.50 for a net of 15 pips for a .02 lot that is $.20 per pip, so 15 x $.20 = $3

Position 2: Entry 15.62 – Still Open

Position 3: Entry 15.58 – Still Open

15 pips x $.20 per pip on a .02 lot = $3 profit

On this $1,000 account that would be a return of $3/$1,000 = .003 or 0.3% in the same day, with two positions still open.

Lessons Learned

Lessons Learned 1: Don’t tighten stops too early. Sometimes moving stops is a good idea. For example, if you have an open trade where you have hit your first two profit targets, you very well may want to move the stop loss on the remaining position closer so that the trade is always profitable. However, moving it closer too early before you have a good profit can cause you to get stopped out at a loss instead of having a profitable trade.

Lessons Learned 2: Manage your emotions. Don’t let tick by tick price moves drive you crazy. Stick to the trade plan.


Once again there were a number of good trades today and profits were earned. I outsmarted myself by moving stops to early on one trade for the Australian Dollar / New Zealand Dollar currency pair and got stopped out on what may have otherwise been a good trade. I am kicking myself a little for this mistake.


Kind of a slow day, but still a profitable one. Sometimes, slow is okay.

People who want the profit potential but don’t want to learn Forex trading see below.

As I have said previously many times in may previous articles, anyone who wants more information on a fully automated, set it and forget it, artificial intelligence currency trading algorithm called RYZE.Ai from Hodo Global , watch out the videos below.

Learn About RYZE.Ai

Learn How to Profit with RYZE.Ai

Please Click Here to View the RYZE.Ai videos.

If you have questions, comments or feedback, please leave them in the comments area below or contact me.




Is it time for you to finally to join me and make money trading with RYZE.Ai? Click here to get started.

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