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  • #47,701
  • Oct 20, 2024 10:37am Oct 20, 2024 10:37am
Gold is going to hit 2780 (last impulse wave) hopefully,,! More profit to everyone !
Behind Every Chart Lies An Opportunity Waiting To Be Uncovered.!!!
  • #47,702
  • Edited 10:53am Oct 20, 2024 10:39am | Edited 10:53am
Quoting ElCampeador
We could see 2500 by friday
oh crap, very opposite to what I’m hoping hahaha, anyway GOODLUCK!
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Behind Every Chart Lies An Opportunity Waiting To Be Uncovered.!!!
  • #47,703
  • Oct 20, 2024 11:02am Oct 20, 2024 11:02am
Quoting 0drawdown
{quote} You're gonna blow your account with that strategy. You will be in a never ending loop of winning and getting a high % return on your account and then lose it all again. Every time you make money, you will have hope; "Yes, I will be a millionaire soon" then you just lose it all again and you're back to square one. If I am lying I dare you to connect your broker to your LIVE account on myfxbook and show me the link of those 10% return a day, you can't. I can guarantee you that all I will see is "-99%" on your Returns. Stop Gambling, trading...

I make roughly 60k USD per year from my job. Let's assume that this is 30% of the account. 60k netto + taxes is 110k USD gross amount per year. This means that I need to have 366k working capital.

Then you need to factor in the risk that the broker goes under and the 366k is gone. If you are in this business long enough you will know countless cases. Or the broker says that you broke some clause in the 200 pages contract and freezes your funds. Or, or, or...

Sometime I think I talk to idiots... IT DOES NOT WORTH IT!!!! Do you have any idea what means to have 366k USD liquidity? There are a lot of other businesses that make more than that 30% per year with this kind of money... less stress, less risk...
  • #47,704
  • Oct 20, 2024 11:05am Oct 20, 2024 11:05am
And the monthly fxbook you requested:

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  • #47,705
  • Oct 20, 2024 12:02pm Oct 20, 2024 12:02pm
Quoting Ravenfeeder
{quote} Socrates platform sounds interesting, and I agree, AI can forget about keeping up with the human mind in terms of all the aspects that can affect the market. Looking forward to this week now
Socrates sounds good but i don't use It. As a member posted a chatgpt report and by coincidence had read It claiming itself as non apropriate for financial advise, just pasted it here. Oíl and gold are performing same patterns at diferent phases as i see It. Just like eurusd and bitcoin. I am concious that pattern trading is not popular but have tried to justify my predicción.
The warrior of good
  • #47,706
  • Oct 20, 2024 12:03pm Oct 20, 2024 12:03pm
Quoting smellyfeet
{quote} oh crap, very opposite to what I’m hoping hahaha, anyway GOODLUCK! {image}
Hi. Its good that we all have our own scenario. GL to you too
The warrior of good
  • #47,707
  • Oct 20, 2024 1:00pm Oct 20, 2024 1:00pm
Quoting ElCampeador
{quote} Socrates sounds good but i don't use It. As a member posted a chatgpt report and by coincidence had read It claiming itself as non apropriate for financial advise, just pasted it here.
I copied & pasted that "report" just trying to be helpful.
IMO, quite a few people here on the forum would love to see Gold going towards 2600, let alone 2500. So when you come up with your "We could see 2500 by friday" statement, it's kinda obvious people would like to know what drove you to that conclusion. Your answers ( "Take a look at oíl daily chart 30/9 to 7/10", followed up by the succulently elaborate "Nothing to do. Pattern relation" and a commentless screenshot) were vague, as simple as that. As far as I'm concerned, arrogantly vague even.

"Anyway, do not use chatgpt to trade", your final piece of advice.
It is not up to me to disrespect nor insult your belief(s). Likewise, it is not up to you to disrespect nor insult my intelligence.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #47,708
  • Oct 20, 2024 1:46pm Oct 20, 2024 1:46pm
which indicator is this ? looks very good for Gold trading
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  • #47,709
  • Oct 20, 2024 3:13pm Oct 20, 2024 3:13pm
Quoting Lloyd628
{quote} I copied & pasted that "report" just trying to be helpful. IMO, quite a few people here on the forum would love to see Gold going towards 2600, let alone 2500. So when you come up with your "We could see 2500 by friday" statement, it's kinda obvious people would like to know what drove you to that conclusion. Your answers ( "Take a look at oíl daily chart 30/9 to 7/10", followed up by the succulently elaborate "Nothing to do. Pattern relation" and a commentless screenshot) were vague, as simple as that. As far as I'm concerned, arrogantly...
Who may be interested in pattern recognition? I would say that no one, much less making a prediction of 2,500 in a week. but well I'm surprised to see that I could have 4 admirers. Take a look at the 4-hour gold and oil chart over the past few weeks and tell me if you see any similarities. I will tell you that while gold goes up, oil goes down (lnverted)
The warrior of good
  • #47,710
  • Oct 20, 2024 3:32pm Oct 20, 2024 3:32pm
Indian mathematics emerged in the Indian subcontinent[1] from 1200 BCE[2] until the end of the 18th century. In the classical period of Indian mathematics (400 CE to 1200 CE), important contributions were made by scholars like Aryabhata, Brahmagupta, Bhaskara II, Varāhamihira, and Madhava. The decimal number system in use today[3] was first recorded in Indian mathematics.[4] Indian mathematicians made early contributions to the study of the concept of zero as a number,[5] negative numbers,[6] arithmetic, and algebra.[7] In addition, trigonometry[8] was further advanced in India, and, in particular, the modern definitions of sine and cosine were developed there.[9] These mathematical concepts were transmitted to the Middle East, China, and Europe[7] and led to further developments that now form the foundations of many areas of mathematics.
Ancient and medieval Indian mathematical works, all composed in Sanskrit, usually consisted of a section of sutras in which a set of rules or problems were stated with great economy in verse in order to aid memorization by a student. This was followed by a second section consisting of a prose commentary (sometimes multiple commentaries by different scholars) that explained the problem in more detail and provided justification for the solution. In the prose section, the form (and therefore its memorization) was not considered so important as the ideas involved.[1][10] All mathematical works were orally transmitted until approximately 500 BCE; thereafter, they were transmitted both orally and in manuscript form. The oldest extant mathematical document produced on the Indian subcontinent is the birch bark Bakhshali Manuscript, discovered in 1881 in the village of Bakhshali, near Peshawar (modern day Pakistan) and is likely from the 7th century CE.[11][12]
A later landmark in Indian mathematics was the development of the series expansions for trigonometric functions (sine, cosine, and arc tangent) by mathematicians of the Kerala school in the 15th century CE. Their work, completed two centuries before the invention of calculus in Europe, provided what is now considered the first example of a power series (apart from geometric series).[13] However, they did not formulate a systematic theory of differentiation and integration, nor is there any direct evidence of their results being transmitted outside Kerala.[14][15][16][17]
The warrior of good
  • #47,711
  • Edited 4:15pm Oct 20, 2024 3:42pm | Edited 4:15pm
Quoting Nordling
{quote} How was he able to open a position with 1 dollar and 30 leverage? 1x30 is only 30 He had already a position open and probably 1 dollar margin left i guess?
Is doable. And it is true. But you are free to not believe it.
'He had already a position open and probably 1 dollar margin left i guess?': Nope. He started with 1 usd.
  • #47,712
  • Oct 20, 2024 4:24pm Oct 20, 2024 4:24pm
Quoting AlxT
{quote} Is doable. And it is true. But you are free to not believe it. 'He had already a position open and probably 1 dollar margin left i guess?': Nope. He started with 1 usd.
Was the guy from FF? One user made $300 from $1 in 21 days. Probably not 'more than needed', but, hey, 30k%
Air force
  • #47,713
  • Oct 20, 2024 4:30pm Oct 20, 2024 4:30pm
Quoting AlxT
{quote} Is doable. And it is true. But you are free to not believe it. 'He had already a position open and probably 1 dollar margin left i guess?': Nope. He started with 1 usd.
I want to believe you buddy, but we all know that you cannot open a position with only 30 leverage if you have just 1 dollar. 1x30 equals to 30. What can you buy or sell with 30 dollars? I could believe if it was a 1000x or more leverage although it would still be extremely lucky
You have to have an IQ higher than 90 to interact with this user.
  • #47,714
  • Oct 20, 2024 5:20pm Oct 20, 2024 5:20pm
Quoting Nordling
{quote} I want to believe you buddy, but we all know that you cannot open a position with only 30 leverage if you have just 1 dollar. 1x30 equals to 30. What can you buy or sell with 30 dollars? I could believe if it was a 1000x or more leverage although it would still be extremely lucky
Of course you can. Forex.
  • #47,715
  • Oct 20, 2024 5:28pm Oct 20, 2024 5:28pm
Quoting W0lfram
{quote} Was the guy from FF? One user made $300 from $1 in 21 days. Probably not 'more than needed', but, hey, 30k%
Nope. And 'more than needed' would be correct.
  • #47,716
  • Oct 20, 2024 5:29pm Oct 20, 2024 5:29pm
Quoting AlxT
{quote} Of course you can. Forex.
The smallest contract size is 0.01 = 1,000 usd

With 30:1 leverage, you need at least 33 dollars to open it. The math is not mathing
You have to have an IQ higher than 90 to interact with this user.
  • #47,717
  • Oct 20, 2024 5:35pm Oct 20, 2024 5:35pm
Quoting Nordling
{quote} The smallest contract size is 0.01 = 1,000 usd With 30:1 leverage, you need at least 33 dollars to open it. The math is not mathing
Aha, except it does. Some brokers allow. I just bought a few units of CADCHF for an account of 1usd. (Leverage 33:1)
  • #47,718
  • Oct 20, 2024 5:37pm Oct 20, 2024 5:37pm
Quoting AlxT
{quote} Aha, except it does. Some brokers allow. I just bought a few units of CADCHF for an account of 1usd.
Hmm. Cent accounts and micro lots it is then. I see.
You have to have an IQ higher than 90 to interact with this user.
  • #47,719
  • Oct 20, 2024 7:01pm Oct 20, 2024 7:01pm
Quoting PatienceFx
which indicator is this ? looks very good for Gold trading {image}
Please make it clear to your customers.

Here I'll give you a format.

<Indicator name>

<Indicator introduction>

<Winrate:>
<Cost:>

<Indicator image>
The market hides a perfect geometry.
  • #47,720
  • Oct 20, 2024 7:05pm Oct 20, 2024 7:05pm
Quoting PatienceFx
which indicator is this ? looks very good for Gold trading {image}

Advance Heikin Ashi with Secret TMA Configuration

This sophisticated trading indicator integrates an enhanced Heikin Ashi candlestick model with a highly optimized Triangular Moving Average (TMA) configuration to refine market trend identification and mitigate noise in price action.

Winrate: 50%
Cost: $100
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The market hides a perfect geometry.
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