In a recent interview with Jamar Forde, a seasoned trader at FundedNext, key strategies for successful gold swing trading were shared.
In a recent interview with Jamar Forde, a seasoned trader at FundedNext, key strategies for successful gold swing trading were shared.
Here are the Highlights of the article “Unlocking Trading Secrets: FundedNext Trader Jamar Interview”:
In a recent interview with Jamar Forde, a seasoned trader at FundedNext, key strategies for successful gold swing trading were shared. Based in Toronto, Canada, Forde has been actively trading for three years and nine months, specializing in gold trading for the past three years.
Forde’s trading approach focuses on swing trading gold exclusively, citing its volatility and the simplicity of analyzing a single pair. “I prefer to trade only one pair to stay focused,” Forde emphasized.
His trading strategy revolves around identifying order blocks, drawing from concepts akin to those taught by ICT (Inner Circle Trader). Forde explained that he determines order blocks based on candles that create imbalances and break market structure. He emphasized focusing solely on candle bodies to eliminate emotional bias from his analysis.
When asked about his trading timeframe, Forde outlined his process of establishing a daily bias before executing trades on the four-hour chart. He shared insights into his entry and exit criteria, typically targeting a 1:3 risk-reward ratio for his trades.
Reflecting on his trading journey, Forde highlighted a challenging period during late 2023 and early 2024 when gold market conditions were unfavorable for his trending-based strategy. He noted the importance of adapting to both trending and consolidating market conditions and integrating rules to identify potential breakout opportunities during consolidation phases.
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