trade what u see not what u think
Beat the enemy plan before its made 
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #48,982
- May 22, 2019 7:19am May 22, 2019 7:19am
{quote} firstly i am completely new in trading 1) i can't say about someone but i use mental sl like if candle close below or above specific low or high i close my trade 2)sell on resistance buy on support
support and resistant are made by big trader to trap little mouse like us..so think differently from most of traders..be different from the rest
Beat the enemy plan before its made
- #48,983
- May 22, 2019 8:05am May 22, 2019 8:05am
It's very likely and also trustable if it goes to break the low before any up move
I can't see any clear direction especially longer term up move yet, unless it breaks the low first and possibly bounces up from there
I can't see any clear direction especially longer term up move yet, unless it breaks the low first and possibly bounces up from there
We can't control the sea, but we can learn how to surf the waves.
- #48,984
- May 22, 2019 8:10am May 22, 2019 8:10am
Actually, it made a pattern I'm looking for; BUT in 15 min; that is not trustable for a long term up move
If I see something like this but in at least 1h chart, I'll consider buy and keep for long term
If I see something like this but in at least 1h chart, I'll consider buy and keep for long term
We can't control the sea, but we can learn how to surf the waves.
- #48,991
- May 22, 2019 10:33am May 22, 2019 10:33am
{quote} if u agree with that drawing so quickly change your mind..its not something like that..think differently from the crowd.. traders sell after see the formation of head and shoulder will put SL above it and failed.. (A) traders put sell orders at the strong resistance will fail when sl hunter with high volume of candle stick (B) Breakout traders who put buy stop above resitant will fail because after trigger with such high volume candle stick and then make trend reversal (B) {image}
for example u can see in below snap what i did to protect my capital
Always with a Road Not Taken
- #48,992
- May 22, 2019 10:44am May 22, 2019 10:44am
{quote} now getting your point ...tell me one more thing ,when you spot selling/buying zone then how do you decide when to open position ? my entry is biggest draw down for me ..i need to exit quickly when in profit because i know from my experience that price will reverse soon .... and this always happen with me for example u can see in below snap what i did to protect my capital {image}
usually every week i monitor news data release in order for me prepare which pair to trade and avoid certain pairs with high risk for example brexit issue. i am not fundamental trader so i dont really sure how to analyse those data..BUT i prepare all the technical analysis and plan ahead the market move.
i assume your screenshot eurusd. based on my opinion crowd have start to BUY after saw inverted Head and shoulder but usually one more Sl hunter will happen before true buy can succeed
JUST AN OPINION,EVERYONE HAVE THEIR OWN PERSPECTIVE VIEW
Beat the enemy plan before its made
- #49,000
- May 22, 2019 6:40pm May 22, 2019 6:40pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts