Market heading straight to 1620...my 3R...Sote

Gold Mining - Using Each Trading Day's Trend

Hmmm...Sote

Gold Mining - Using Each Trading Day's Trend

Ouk...Then let me protect 1R at 1600 and then initiate a buy limit there...we're going up alive. Thanks man.

Gold Mining - Using Each Trading Day's Trend

My brother...it is only a computer that can process all of the news and information that is being released in this our business per minute/hour/day. I only focus on what parameters my chart gives me at the end of a given trading day to prepare me ...

Gold Mining - Using Each Trading Day's Trend

Hmmm

Gold Mining - Using Each Trading Day's Trend

Nooooooooooo...Wrong. It is Risk to Reward ratio. 1R=1R means you get out of trade when your profit is equal to what you would have lost. 1R=2R means your profit is 2x greater than your risked money. e.t.c

Gold Mining - Using Each Trading Day's Trend

That will be at 1620.

Gold Mining - Using Each Trading Day's Trend

Alright, 1610 broken... Now the mean business. Am doing 1R=2R at the moment... Am looking at locking in some profit at 3R. Anything is possible!

Gold Mining - Using Each Trading Day's Trend

Your style seem a contrarian to me... Keep on collecting the money.

Gold Mining - Using Each Trading Day's Trend

My pleasure...

Gold Mining - Using Each Trading Day's Trend

Reason... 1. Market momentum is in your favor. 2. If your trade is not activated, your capital will still be safe. This is what I do though.

Gold Mining - Using Each Trading Day's Trend

My advice...set a buy limit order at 1600 for a retest... This is more conservative.

Gold Mining - Using Each Trading Day's Trend

Once achieved...1640 hangs last week's high, then we go there to bring it down with our ish horns... Hmmm... Sote

Gold Mining - Using Each Trading Day's Trend

A limit can be initiated there for those who missed the 1590 entry.

Gold Mining - Using Each Trading Day's Trend

Ouk, granted... 1610 must be broken also to convince me of this ish run... Am still alive though.

Gold Mining - Using Each Trading Day's Trend

Currently challenging 1600 psych level. A break above it will show theiir seriousness. I Stay Alive guys.

Gold Mining - Using Each Trading Day's Trend

But, like you know, when my parameters for the next trading day changes... I must exit if it is against my previous position and initiate a new position.

Gold Mining - Using Each Trading Day's Trend

1600-1610 needs to be broken for to show that they mean business.

Gold Mining - Using Each Trading Day's Trend

Earlier today, market has given me 80pips, but didn't take it. Its not upto my 1R=1R...Although, Am still learning to manage my greed level. Am so stubbornly ish that market must decide one of two directions for me. Profit/Loss.

Gold Mining - Using Each Trading Day's Trend