GOLD
Pending Long Trade @ 4022.00
Attached Image (click to enlarge)
3
- #541
- Jul 14, 2026 1:44am Jul 14, 2026 1:44am
- Joined Dec 2010 | Status: Never Stop Learning | 7,424 Posts
- #542
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- #543
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- #547
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- #548
- Jul 15, 2026 12:43pm Jul 15, 2026 12:43pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,148 Posts
Hi, Steve
You are becoming the god of day trading. I've never seen such a beautiful day trading before!!
By the way, if I understood correctly, you used to placed pending limit orders on demand areas and didn't care much about price action. It was kind of a shoot and forget system. Now it looks you are reading PA carefully on both 5M and 1M charts and you are managing your trade carefully until you exit. Do you find your changed approach yield better results? Or, is this simple because you are now less busy than before?
Thanks
You are becoming the god of day trading. I've never seen such a beautiful day trading before!!
By the way, if I understood correctly, you used to placed pending limit orders on demand areas and didn't care much about price action. It was kind of a shoot and forget system. Now it looks you are reading PA carefully on both 5M and 1M charts and you are managing your trade carefully until you exit. Do you find your changed approach yield better results? Or, is this simple because you are now less busy than before?
Thanks
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #549
- Jul 15, 2026 1:30pm Jul 15, 2026 1:30pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,424 Posts
Hi, Steve You are becoming the god of day trading. I've never seen such a beautiful day trading before!!
Yes, you are right I was Setting Pending Orders at Zones of Supply and Demand and allowing the Trade to Play Out.
What I found, with this approach, was a lot of Trades were NOT Triggering and Price Left without me, also at times Price would go straight to my Stop if the Zone was Weak.
To combat that I have been WAITING for Price to Return to a Zone of SUPPLY or DEMAND and looking for Signs, either on the 5 Min. or 1 Min., of Price doing what I want to see.
Take a look at the Chart I hope it helps
- #550
- Jul 15, 2026 5:07pm Jul 15, 2026 5:07pm
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,148 Posts
{quote} Hi Justin, Yes, you are right I was Setting Pending Orders at Zones of Supply and Demand and allowing the Trade to Play Out. What I found, with this approach, was a lot of Trades were NOT Triggering and Price Left without me, also at times Price would go straight to my Stop if the Zone was Weak. To combat that I have been WAITING for Price to Return to a Zone of SUPPLY or DEMAND and looking for Signs, either on the 5 Min. or 1 Min., of Price doing what I want to see. Take a look at the Chart I hope it helps {image}
Also, in case it turns out to be a failed trade, where do you place your SL? Right below the previous pin bar candle? Or, below the demand area? If you put SL under the demand area, you SL could be relatively too big to you....?
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #551
- Jul 16, 2026 1:20am Jul 16, 2026 1:20am
- Joined Dec 2010 | Status: Never Stop Learning | 7,424 Posts
{quote} Thank you very much Steve for details. That really makes sense to me as well. If your concern is NOT triggering your limit orders, in case you can manage your entry manually, do you enter long at the marked up candle start (or close) in the picture below? {image} Also, in case it turns out to be a failed trade, where do you place your SL? Right below the previous pin bar candle? Or, below the demand area? If you put SL under the demand area, you SL could be relatively too big to you....?
I tend to just let Price go without me.
I have far fewer Trades Fail to Trigger now I look for a Reaction from Demand/Supply and Set a Pending Order
Of course, having a Winning Trade makes me more cautious about taking another Trade.
If the previous Trade had been a Loser I might have been more keen to Enter Long
- #552
- Jul 16, 2026 1:21am Jul 16, 2026 1:21am
- Joined Dec 2010 | Status: Never Stop Learning | 7,424 Posts
- #553
- Jul 16, 2026 1:52am Jul 16, 2026 1:52am
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- #560
- Jul 17, 8:37am (21 hr ago) Jul 17, 8:37am (21 hr ago)
- Joined Dec 2010 | Status: Never Stop Learning | 7,424 Posts
