- Search Metals Mine
- DonPato replied Jan 3, 2020
My best advice is this. Learn what "normal" looks like on your chosen market. Normal balanced order flow...normal dominant...etc. when you know normal you will know when it is NOT normal... that's when the changes happen and often before or right as ...
- DonPato replied Jan 2, 2020
Without sounding like a commercial...I highly recommend the book: Time Compression Trading. By my mentor Jason Alan Jankowsky. I highly respect his opinions and skills. The next book I would recommend would be: Secrets of a Pivot Boss. While this ...
- DonPato replied Dec 18, 2019
I have a very negative personal view of the Metatrader platform.. but I understand many use it because it is free. I also prefer an alternative platform that is also free cTrader. Except for the futures charts...all the screenshots I have posted are ...
- DonPato replied Oct 30, 2019
Since we are taking about 1/10 of my "normal" trading equity then I will be forced to say that 1/10 of the position as well. This would mean a micro lot (0.10/pip) not to exceed $20...in other words if my stop must be 200 pips I'll pass on the ...
- DonPato replied Oct 30, 2019
If by "lot design" you mean volume? It is very simple. I am a USD trader so all lots are USD based. Each mini lot pip is worth $1. So if I have a stop of 50 pips... that's a $50 stop. So I'm looking for a take profit of $150-$300 (pips). It is ...
- DonPato replied Oct 30, 2019
I too have done this to myself even though I know it won't work. Such a simple thing yet my own personal averice interferes. Thus I demand of myself strict adherence to these principles and Viola!! Consistent winning behavior.
- DonPato replied Oct 29, 2019
I'm sure this response will seem very UNsexy. I have no complicated formulas or math equations just simple logic that utilizes the following principles: Profitable trades must be reasonable and repeatable: Taking a profitable trade is no magic ...
- DonPato replied Aug 29, 2019
Actually this is exactly what I do. What I have mentioned here is only part of a much larger plan. I did lay it out on another thread quite awhile ago, but that seems a long time ago. The plan is 3 parts. Day Job - I trade YM futures on a daily ...
- DonPato replied Aug 28, 2019
I'm not as fond of this idea for the reason you explained as the "worse case scenario". I would argue it is less complicated and even easier to simply trade the "paper side". The object (for me) would be to accumulate the real asset while offsetting ...
- DonPato replied Aug 28, 2019
I'm not an options trader and know very little about options. Frankly I had to look up the term to understand what you meant. However I would point out this one significant difference. There is no time decay as there would be with option contracts. ...
- DonPato replied Aug 27, 2019
Anyone??
- DonPato replied Aug 27, 2019
A valid observation that is worthy of consideration. To look a little deeper into that candle: image Yesterday's "shooting star" was also accompanied by a significant uptick in volume, of which the net order flow was all selling. I suspect larger ...
- DonPato commented Aug 26, 2019
Here... here... Very well said!! And completely accurate representation of US consumers and workers.
- DonPato replied Aug 26, 2019
Now for the down side...of course this assumes that you have a trading strategy that is acccurate at least 50%-60% of the time. AND it would be a much longer term strategy (in my view). This is simply because you are not trying to generate income ...
- An idea for building wealth...using only gold
Hello friends, I'd like to present an idea for commentary. I've tried this before (when we were ...
- DonPato replied Aug 21, 2019
There appears to be plenty of buying at the lows over the last three days but the thing to note here is that this buying is not really causing any significant rises in price and their seem to be sellers putting a cap at the end of each day, (as it ...
- DonPato replied Aug 21, 2019
Looking at Silver (again). The weekly order flow chart is showing what appears to be a follow through on last week's order flow "inversion" Understanding that it is only the 3rd day of the week, I'm seeing lots of buying but price is not rising ...
- DonPato replied Aug 14, 2019
The higher gold goes the more interest it is to sellers (either for taking profit or entering short). I am expecting a great deal of volatility over the next few weeks not just from a technical standpoint but also from a geo-political standpoint as ...
- DonPato replied Aug 1, 2019
Trump just announced new tarrifs on China. That is tanking the USD and with it everything related to the USD. Gold is rising and most if not all currencies related to the USD are following suit.
- DonPato replied Aug 1, 2019
Over the past several weeks there has really been NO trend in gold. It is ranging and today, buyers were supporting the lows of this range.