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Simple 5 Min Gold (XAUUSD) Strategy 76 replies
Digamber Shankar PATIL's DSP Candle Strategy 349 replies
Strategy Backtesting Platforms 24 replies
5 Min Gold (XAUUSD) Divergence Strategy 176 replies
M5-Two-Way-Confirmation-Strategy 264 replies
DislikedHi MzansObi, Based on the PA at M15, do you think it will reverse when it reach double bottom or i should wait till the next intra level 1490.68? ThanksIgnored
Dislikedholy damn, it really push back beyond my selling price. i hate when they make hammer when doing a trend. now i will watch if the neckline will broken before FOMC or after FOMC... {image}Ignored
Disliked{quote} Im glad you managed to get some profit on your short mate. My 92 long has been filled now....... Trade SafeIgnored
Disliked{quote} Hi MzansiObi, I did cut the losses as per your advice before it turned to my favour. I also did not trade the US Retails Sales news. I traded after news released based on your technical analysis. I trade micro with 1 lot. so the losses/wins are not a lot, i am just testing the water as i am now learning to trade based on your technical analysis.Ignored
Disliked{quote} OoOh alright bud....But i was saying you can choose to either cut your losses or let it play out as your loss amount wasnt much. plus 1508 handle had been holding up..... Will post a couple of charts and explanations over the weekend to proper clarify. But just monitoring price action, can you see how price has been behaving around the intra day levels that we post daily?Ignored
Disliked{quote} lol, she has her shoes on and laces tightened bud, whenever she gets into the blocks near daily support she runs for "GOLD" But just looking at the trend past couple of months, we have seen whenever price gets in the daily support/buy zone, the ensuiing move higher is explosive, yesterday was testament of that, but the inability to sustain those gains on an intra day basis and close higher shows us bear strength is still in it....further more, the bearish divergence on the higher timeframes is now in full gear, so we take what it gives and...Ignored
DislikedHello fam! wanted to share something with y'all! just finished reading a over 400 pages book "Millionaire Traders" by Kathy Lien & Boris Schlossberg.Ignored
Disliked{quote} Hi MzansiObi, I understand some PA and some don't, still learning . and sometimes, i am loss during the day with the up and down of prices and how the intra level plays out. Nonetheless, really appreciate that you are willing to spend times to guide me with patient. Thanks again.Ignored
DislikedHappy Sunday Traders. Been a bit of a busy weekend, was engaging with other traders and prospective traders, its always amazing meeting and seeing how more and more people are looking at trading to either supplement their income and or change their career paths....alright back to charts and levels. Market Recap: Weekly wise, Price Dropped below the first weekly level(1501.02) then went on to Test and find support at the second weekly level (1487.38) to the upside it challenged the first weekly level at 1521.83 and found the bears waiting around...Ignored
DislikedThe D1 trendline was broken. The implication is bearish. Thursday's and Friday's PA clearly showed the bears are in control now, fakey pattern (in rectangle). My trading plan. Sell on rally H1 sell zone around 1495. Initial TP 1447 (W1 fib 61.8 pullback). Initial SL 1528 ( above recent high and potential right shoulder) {image} {image} {image}Ignored
Disliked{quote} Sounds a solid plan bud. I agree, further bearishness needs to see the current D1 support zone broke, If your SL is going to be that wide, then why not enter near the h4 sell zone near the upper band...first things first lets see how we open.....Ignored
Disliked{quote} Thank for you suggestion bud. My first entry will be half of full entry. If the trade against me I will normally open second entry as long as it under SL. My SL will be flexible, as soon as the trade going 4 dollar in my favor normally I will set to BE or close half the position and will start trailing it. Although this strategy give me many BE and small profit, this has proven to me to be able to survive in the long term...Ignored
DislikedMassive gap on UJ. Expecting some gap up on this one. New week, new possibilities!!!! Let'sIgnored
Dislikednice, you called it ! I want to thank you again for the hard work you do here, sharing many ideas/knowledge that make me really understand the marker betterIgnored
Disliked{quote} Thats Fantastic, and eventually you will get to a point where you can increase your position size and make more, the nice thing about it is you protect your equity first , the small gains all add up collectively at the end of the day, week, month and so forth.... Im just exercising caution with sell trades for now as we have seen how explosive price can be when it catches a bid near d1 buy zone/ support area...so portioning your sell trades is for sure good trade and money management.... thumbs up mateIgnored