Every so often wrong and sometimes right but always honest. MV
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #47,483
- Oct 7, 2018 10:48pm Oct 7, 2018 10:48pm
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
{quote} I respect your oppinion. Maybe 1240 will come first? We shall see this soon. My opinion, as a pathological gambler, which I really am, is they have no intention to drive her to 1240. If they had that impulse, they would simply do it. In the exact same way and manner they drove her down from 1300-1350 to 1200-1160. Nearly 5 weeks already, since the 24 Aug heroic buy movement, she is going nowhere. Not up for sure. Not yet. I read their intention on the chart is to continue more South. Maybe Nov'18 will be one more sell month, too? Try to...
P.S. Trade with the discipline of Money Management and Risk Management.
- #47,486
- Oct 8, 2018 2:35am Oct 8, 2018 2:35am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} I acknowledge your smart and gambler thinking
Better and better and better!
As a Gambler, I simply do LOVE all Gold buyers!
Maadik Hugiis. IQ 69.
- #47,488
- Oct 8, 2018 5:07am Oct 8, 2018 5:07am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
- #47,493
- Edited 5:25pm Oct 8, 2018 3:02pm | Edited 5:25pm
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} Agree with you that return of price to save this trade is not sure and it may go deeper without returning. However price always returns, depends how much equity one holds to stay in trade and how long one can wait. What I do to save my trade to change my stop loss to zero until it reaches my take profit price. Like today my trade got saved with no loss and no profit. Atleast I have my equity..
Also, the -6 level on the daily channel was hit. This is quite bad news for my sells. She usually bounce into the other direction when levels +6/-6 get hit.
The daily median price around 1194 will get a visit. Might be even higher than that, but unlikely. She is forming the casual range zone and 1194.50 will be a breakout. Everything might happen, but still, if we are already into a sell trend, it will be unlikely...
UPDATE I
1193.50 became the new upper range border. Very qurious if they will brake it on Tuesday?
Maadik Hugiis. IQ 69.
- #47,495
- Oct 8, 2018 5:35pm Oct 8, 2018 5:35pm
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Still looking upwards to me it will either break or hold. {image}
Something I had no time to develop, but provided him with the technology to use. That is my little credit. Now, I am so proud with him!
Daily we discuss where is she going and exchange info from both gambling systems of ours.
Here is how to draw the trend lines properly. Thus, be able to bet right on the next movement.
Pay an attention, most of my cousin TLs are placed exactly where yours are... but our gamble, for now, seems to have the better read...
Maadik Hugiis. IQ 69.
- #47,496
- Oct 8, 2018 6:36pm Oct 8, 2018 6:36pm
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Here is the daily channel. You can see, a move up on Tuesday will be healthy for the daily channel formation?
There are 50% buy D1 candles and 50% sell D1 candles. This keeps the myth of trading is 50/50 (- the spread and the broker expences). This belief is incorrect, of course. The real chance of your TP to get hit is around or below 1%, believe it or not. The other 99% chance is your SL gets hit first. That is exactly why there are only 4 winning traders out of 10,000. The rest 9,996 traders lose all of their capital within 6 to 12 months.
Understanding how channel boundaries work and how the rate moves within a channel will increase your chances in trading... Channels work in any time frame absolutely the same way.
There are 50% buy D1 candles and 50% sell D1 candles. This keeps the myth of trading is 50/50 (- the spread and the broker expences). This belief is incorrect, of course. The real chance of your TP to get hit is around or below 1%, believe it or not. The other 99% chance is your SL gets hit first. That is exactly why there are only 4 winning traders out of 10,000. The rest 9,996 traders lose all of their capital within 6 to 12 months.
Understanding how channel boundaries work and how the rate moves within a channel will increase your chances in trading... Channels work in any time frame absolutely the same way.
Maadik Hugiis. IQ 69.
{quote} My cousin, became super good in trading with trend lines.He has been 100% dedicated to placing them on chartsince the end of May'18...
- #47,499
- Edited 1:39am Oct 9, 2018 1:18am | Edited 1:39am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
We have the bankers' favourite range formation, nobody knows anything about. In general. Not to mention anyone here at FF.
So, they already skin off the 1:2 RR fans, using a SL of 30 pips, with 12 SLs (6 buy SLs and 6 sell SLs). From 3 round levels only?!? Just like that? Imagine that. These levels are on the picture.
Meanwhile, not a single TP was reached, of course. From those 3 round levels.
Forex is not for reaching your TPs, for sure. I do not know what is forex all about, but it definitely it is not for reaching your lovely 1:2 RR TP, for example...
So, on the constructive side, it won't be a surprise if the rate zig zags below 1192 and above 1181. I will be surprised big time if it breaks out any of those levels.
Just keep in mind I am just guessing it. If I knew when they will stay in their carnival range (nobody knows anything about and did not noticed it either), for how long and when they will over it, I would be a true zillionaire...
Maadik Hugiis. IQ 69.
- #47,500
- Oct 9, 2018 11:34am Oct 9, 2018 11:34am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
These thirsty boys - the bankers. WOW.
So, you all like 1:2 RR, right?
Yeah! Mr. Banker likes it, too!
They have collected 24 SLs from 5 round levels, so far. 12 buy SLs and 12 Sell SLs. 30 pips each. 3 more buy SLs are on its way, I guess.
Not surprisingly, not a single TP came out of these 5 round levels.
24 SLs and 0 TPs?
Who can survive THAT?
This week will be special, maybe.
The majority (over 65%), the buyers, are expecting the rate to go up.
The minority (below 35%), the sellers, are expecting the rate to go down.
What if, the least expected is the rate to continue ranging?
Just thinking out loud.
I hope she will fall like a rock. I bet on the fall down, but, the least expected, for everyone, will be the range to continue, still..
So, you all like 1:2 RR, right?
Yeah! Mr. Banker likes it, too!
They have collected 24 SLs from 5 round levels, so far. 12 buy SLs and 12 Sell SLs. 30 pips each. 3 more buy SLs are on its way, I guess.
Not surprisingly, not a single TP came out of these 5 round levels.
24 SLs and 0 TPs?
Who can survive THAT?
This week will be special, maybe.
The majority (over 65%), the buyers, are expecting the rate to go up.
The minority (below 35%), the sellers, are expecting the rate to go down.
What if, the least expected is the rate to continue ranging?
Just thinking out loud.
I hope she will fall like a rock. I bet on the fall down, but, the least expected, for everyone, will be the range to continue, still..
Maadik Hugiis. IQ 69.