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published-date Published: April 24, 2024
update-date Last Update: September 9, 2024

How 17 Traders Made Profits with a Simple Trading Strategy – Astronaut Auditorium #10

In the rapidly evolving world of trading, where markets fluctuate with every news cycle, the journey to success can be daunting for many. Yet, amid this complexity, one approach has consistently proven effective: the power of community and mentorship. Devon, the most viewed trader in our community, has demonstrated how sharing knowledge and fostering a supportive environment can lead to significant gains for traders at all levels. Check out the last Astronaut Auditorium with Devon here.

I’ve been helping people, and it’s showing results. I’m getting DMs from people every day asking if this is how I would chart a trade or look at a trade they took.

A Mentor Who Makes a Difference

Devon’s rise as a mentor in the trading community began with a simple yet profound act—sharing his trading strategies and insights with others. What started as casual advice has grown into a robust mentorship program that has already helped numerous traders improve their skills and grow their accounts. Devon’s methods are straightforward but effective: identifying key support and resistance levels, monitoring price action, and strategically entering trades based on well-defined setups.

“People are trading US30, gold, Bitcoin, and other instruments, all using hidden trades, and it’s working for them.”

Since launching his mentorship program, Devon has been inundated with direct messages from traders seeking his advice. His strategies, particularly those involving consolidation zones and breakout patterns, have resonated across various trading instruments, from gold to NASDAQ to cryptocurrencies. The feedback from his mentees is overwhelmingly positive, with many reporting unprecedented success and consistent winning streaks.

How to trade XAUUSD

For instance, this morning presented a perfect example of why sticking to a proven method is crucial. Although gold initially appeared bullish, it quickly reversed direction, catching many traders off guard. For those familiar with my approach, this was a scenario where patience and preparation paid off. I rely on marking up the 4-hour chart to identify key consolidation zones and strategically wait for breakouts or fakeouts.

“This morning, I didn’t trade gold news, which many of you likely noticed. I like to mark up the 4-hour chart, identify consolidation zones, and wait for breakouts and fakeouts. I haven’t changed this approach at all.”

how to trade XAUUSD forex, forex consolidation strategy

A fundamental aspect of my strategy involves marking the previous day’s high and low, carefully excluding the candle wicks. This technique ensures that I avoid getting trapped by unpredictable market moves, like those caused by sudden news events. For instance, yesterday’s price action, viewed on a 1-hour chart, lacked clear consolidation, prompting me to examine shorter time frames, such as the 30-minute and 15-minute charts. By doing so, I could better assess the market’s behavior leading up to the news drop. Identifying these patterns before making a trade is essential; it requires patience and discipline, but it significantly reduces the risk of substantial losses when the market reacts unpredictably to news. This approach is key to consistently navigating the challenges of XAUUSD trading.

Regarding gold, after that drop, we’re seeing higher highs and higher lows. I’ll be targeting this high. If it goes above this high, we’ll probably see a further push-up.

This platform represents the future of trading. It offers everything a trader needs, including the ability to manage multiple accounts. Devon, for instance, plans to divide his funds across several accounts, possibly using two or three of them. One of these accounts is the one he deposited into the previous night. He appreciates how smoothly TradeLocker operates, particularly when it comes to managing pending orders. For example, setting a sell stop is as simple as dragging it to the desired position, making the process highly convenient.

This is going to be the future of trading right here. Everything you need is here, and you can have multiple accounts.

Want to learn how to trade?

For just $100 a year, members can schedule unlimited one-on-one sessions. Devon is highly active in the community, offering group sessions and providing step-by-step guidance on his strategies for indices, gold, and Forex pairs. These insights are invaluable, and several participants have already recommended reaching out to him on Instagram or Discord for more details.

I’ve also shared Devon’s Instagram handle a few times. It’s the same as his nickname in Discord. Find him on Instagram, get mentorship, and start earning money.

As Shockwave pointed out, this is one of the most affordable investments in trading education, and Devon agrees. Even he jokingly mentioned that he might join, though he might be hesitant to ask too many questions. If TradeLocker is working hard to support traders, then it’s only fitting that everyone, including Devon, puts in the effort to succeed as well.

That wraps up the session for now. This was our second session of the week. On Wednesday, we had IMTP, whose first session was one of the most attended. We’ll be releasing the recording soon after some minor edits. Yesterday, we released a session with Lambo Alex. Next week, we’re excited to welcome Chris from the UK, a well-known figure on Instagram, on Tuesday. On Thursday, we’ll have SharkTrader Sharky Shark, with more new guests lined up afterward.