It depends on what you are ultimately comfortable with, risk & stop loss should be set on what you are comfortable losing. A good rule is if you're going counter trend or a trade you think has more risk than normal, half your normal lot size. Most ...

Gold

confused about number of trades per day?

Gold

Drawdown? I hate it, never been able to handle the anxiety from it.

Gold

Next two weeks have major news, CPI, PPI, Retail Sales, Fed rate, NFP, Core PCE (which fed use for inflation). No major players are doing anything until this information is known but then trump could tweet something, so who knows.

Gold

This reuters on gold The U.S. dollar index drifted 0.2% higher. Gold tends to lose appeal when the U.S. dollar strengthens, as it becomes more expensive for investors holding other currencies. "Unless there's a major geopolitical escalation, I don't ...

Gold

reuters mainly, I used to subscribe to ft.com, the news here on forex factory isn't bad but there are a few articles they link to, that I wouldn't trust with fact checking

Gold

Not really found anything useful, babypips maybe, they do a course training certificate thing, it's all free just have to register. I bought a few books from amazon, all useless except a candlestick book and one about fundamentals and even that you ...

Gold

Sure no problem dude, if you have a problem with anything just ask, I'll try to help if I can

Gold

If you're new to this, try to keep it simple. In early days, I had MACD, RSI, MFI, Stochastic, moving average and volume on a chart and I was massively confused. my advice would be MACD on the 1hr The daily / weekly timeframe is the big boss - all ...

Gold

also be careful with 15 minute MACD, if you backtest it, you will discover its not very reliable but on the 1 hour it is. I've given you honest information because I've backtested it but becareful trading with real money after nobs like me give ...

Gold

The 480 sma is the 20 sma from the daily timeframe on the 1hr 20 x 24hrs =480 if you want the 20 sma daily on the 15 minute you need to multiply by 96 (96 15 minute periods in 1 day), which would be 1920 period sma 480 on the 15 minute will still ...

Gold

I just asked Chat GPT if trading desks / professional quants use double exponential moving average Its reply Traders at funds or banks typically don't say, "Let’s trade based on a DEMA cross." I asked are you being sarcastic? Reply Yeah, imagine a ...

Gold

This is all my opinion, some from articles, sources but I like to keep track of this stuff. I think it's important with gold as it is driven solely by it. Fundamentally, risk is slightly reduced, but overall, I don't think anything has changed. I ...

Gold

Supertrend is about 40 - 55%, I like supertrend but isn't this what you normally see? Break and pullback trading, that first one is a buy, possibly the second one but no inducement yet.

Gold

No one is going to want to help you if you're being rude. It's fustrating when you lose money but if you need help just ask for it. Stick to higher timeframes when it's like this. 1hr with a MACD is all you need but the take profit level and ...

Gold

Whats the green / red /white - is that a regression channel or TMA bands? And the blue line, is that a donchian high low?

Gold

What Renko brick size do you use?

Gold

I've read a few articles regarding PBOC gold and the most recent price rally to 3000 has been due to their stockpiling. It's hard to know for sure, there are no real sources to any of this but it is suspected China is in a recession, the housing ...

Gold

I've noticed the manipulation during Europe open to New York, I've presumed it was low volume and then algorithmic return to mean trades dominating. I started trading 3 years ago, 2 years full time, so it was at the end of covid, inflation, ...

Gold

What are your thoughts with the dollar? Being the worlds currency has a disadvantage and that's a strong currency. There's a few that believe the tariffs were designed to weaken the dollar.

Cable Update (GBPUSD)