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4 + 1 (Metals) strategy

  • #2,361
  • Edited 11:09am Nov 7, 2019 10:59am | Edited 11:09am
Closed the last short 1463 and calling it day.

See about longs tomorrow, have 1457 ish in mind. Green pips to all!
On W chart maybe even 1450.
  • #2,362
  • Nov 7, 2019 11:02am Nov 7, 2019 11:02am
Quoting farukh
{quote} Closed early.. {image}
same city hone ka koi faida hona chahiye ...
BTW this is too early
Always with a Road Not Taken
  • #2,363
  • Nov 7, 2019 1:07pm Nov 7, 2019 1:07pm
Quoting farukh
{quote} Closed early.. {image}
Keeps happening to me. I am new to forex trading and I have started out with Gold. Farrukh, can you give me some beginner's advice on how to start?
  • #2,364
  • Nov 7, 2019 2:16pm Nov 7, 2019 2:16pm
some thing changed tone equities dropping gold could jump if the fail.
  • #2,365
  • Nov 7, 2019 2:18pm Nov 7, 2019 2:18pm
Quoting blastusbooz
some thing changed tone equities dropping gold could jump if the fail.
Sure is! Going up. Will see what happens tomorrow, not jumping in now,
  • #2,366
  • Nov 7, 2019 3:11pm Nov 7, 2019 3:11pm
Quoting Fomy
anyone selling gold must be must be rich now....i was away from laptop so missed bearish flag
Any sense of what drove the pricing today? Can't see any events that triggered. Hope you guys picked up some wins today. I am still sitting out. But, I've been out of pocket since yesterday. Missed my opportunity! Had a sell limit order for 1493........peaked at 1492.23!!!! Ugh.
Attached Image (click to enlarge)
Click to Enlarge Name: missed sell.png Size: 29 KB
If in doubt, paddle out!
  • #2,367
  • Nov 7, 2019 3:14pm Nov 7, 2019 3:14pm
no idea what drives this thing some times, many times... best to just look for good spots to enter from, and follow a plan , yeah easy to say for sure hehe .
  • #2,368
  • Nov 7, 2019 4:04pm Nov 7, 2019 4:04pm
Quoting usman.hayat1
{quote} Keeps happening to me. I am new to forex trading and I have started out with Gold. Farrukh, can you give me some beginner's advice on how to start?
trade EU only build your base .....gold is not for newbies..if you have big pockets then its your choice
Always with a Road Not Taken
  • #2,369
  • Nov 7, 2019 11:15pm Nov 7, 2019 11:15pm
Quoting Fomy
{quote} same city hone ka koi faida hona chahiye ... BTW this is too early
Han q nai.. I'll inbox you my contact number, you may contact me anytime
Yes too early but I think correctly, who knew where it would go. Might have bounced back hard from 1474.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,370
  • Nov 7, 2019 11:21pm Nov 7, 2019 11:21pm
Quoting farukh
{quote} Han q nai.. I'll inbox you my contact number, you may contact me anytime Yes too early but I think correctly, who knew where it would go. Might have bounced back hard from 1474.
Assalam o alaikum bhai. Where you from?? I'm from fsd. Can you give me your contact no. Thanks jazakAllah
  • #2,371
  • Nov 7, 2019 11:44pm Nov 7, 2019 11:44pm
Quoting usman.hayat1
{quote} Keeps happening to me. I am new to forex trading and I have started out with Gold. Farrukh, can you give me some beginner's advice on how to start?
Good to see you Usman from Pakistan, hardly we find people from Pakistan trading in this market. If you are in Karachi, we may meet up.
Well as beginner you must trade on demo account as if it is your real money which is hard to perceive BTW. It's more of psychological than analytical. In my opinion it's 70/30 ratio.
Here are first 3 steps to practice on demo..
Build your trading setups/rules (when to enter/exit) using some common indicators. You need to follow them strictly.
Keep money management and risk management. Lot size should be accordingly to your equity, in case you get couple of consecutive losses you still must have enough to continue trading. Whenever you trade R:R should be like 1:1.5 or 1:2 i.e. if you are risking 1 pip then you must target more than 1 pip.
Now very important psychological factor, never see result on one trade. Check out after 10 trades or after day/week/month closure, depends on your frequency and yes never over trade. Over trading causes loosing concentration.

Quoting Zubair06
{quote} Assalam o alaikum bhai. Where you from?? I'm from fsd. Can you give me your contact no. Thanks jazakAllah
Walaikum Salam. I am from Karachi. Sure brother, I'll inbox you.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,372
  • Edited 12:42am Nov 8, 2019 12:11am | Edited 12:42am
[quote=farukh;12606161]{quote} Good to see you Usman from Pakistan, hardly we find people from Pakistan trading in this market. If you are in Karachi, we may meet up. Well as beginner you must trade on demo account as if it is your real money which is hard to perceive BTW. It's more of psychological than analytical. In my opinion it's 70/30 ratio. Here are first 3 steps to practice on demo.. Build your trading setups/rules (when to enter/exit) using some common indicators. You need to follow them strictly.

AND. treat the demo as if it's a live account
Don't jump around the systems, stay with one of your choice and get to know it well. Took me a while to find one that suits me and my way of trading. Good luck.
  • #2,373
  • Nov 8, 2019 12:19am Nov 8, 2019 12:19am
. Missed my opportunity! Had a sell limit order for 1493........peaked at 1492.23!!!! Ugh.

That was now bad luck! ☹. Has happen to me too!
D1 shows more down. On sideline for now, no longs for me, will wait for bounces up to short from or tweets on the trade negotiations.
  • #2,374
  • Nov 8, 2019 12:44am Nov 8, 2019 12:44am
Hey guys will post the intra day levels And all but will be a bit scarce till Monday. Unfortunately my mother has passed on and as such need to attend to family matters.


Just off the bat, price is currently in the weekly buy zone now and any shorts at this level will need to be done with caution considering how far off the H1 and H4 sell zones are from price....

We can see how price tested and broke some of our downside levels yesterday and found support near some extension levels....
4&1 All Time Profit: $37,496
  • #2,375
  • Nov 8, 2019 12:59am Nov 8, 2019 12:59am
Sorry to hear that M Obi. Condolences.
  • #2,376
  • Nov 8, 2019 1:18am Nov 8, 2019 1:18am
Quoting MzansiObi
Hey guys will post the intra day levels And all but will be a bit scarce till Monday. Unfortunately my mother has passed on and as such need to attend to family matters. Just off the bat, price is currently in the weekly buy zone now and any shorts at this level will need to be done with caution considering how far off the H1 and H4 sell zones are from price.... We can see how price tested and broke some of our downside levels yesterday and found support near some extension levels....
Hi
I was very upset .Condolences
  • #2,377
  • Nov 8, 2019 1:46am Nov 8, 2019 1:46am
Quoting MzansiObi
Hey guys will post the intra day levels And all but will be a bit scarce till Monday. Unfortunately my mother has passed on and as such need to attend to family matters. Just off the bat, price is currently in the weekly buy zone now and any shorts at this level will need to be done with caution considering how far off the H1 and H4 sell zones are from price.... We can see how price tested and broke some of our downside levels yesterday and found support near some extension levels....
I am sorry to hear about your loss brother. Please accept my deepest condolences. My thoughts and prayers are with you.

May your mom now in a better and peaceful place. May God grand her the gift she deserves over her goodness in life. Amen...
  • #2,378
  • Nov 8, 2019 2:39am Nov 8, 2019 2:39am
Quoting MzansiObi
Hey guys will post the intra day levels And all but will be a bit scarce till Monday. Unfortunately my mother has passed on and as such need to attend to family matters. Just off the bat, price is currently in the weekly buy zone now and any shorts at this level will need to be done with caution considering how far off the H1 and H4 sell zones are from price.... We can see how price tested and broke some of our downside levels yesterday and found support near some extension levels....
Please accept my deepest condolence on your big loss.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #2,379
  • Nov 8, 2019 3:04am Nov 8, 2019 3:04am
very sorry for your loss
  • #2,380
  • Nov 8, 2019 3:47am Nov 8, 2019 3:47am
My condolences to you at this sad time!
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