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Gold Mining - Using Each Trading Day's Trend

  • #441
  • Mar 12, 2020 11:01pm Mar 12, 2020 11:01pm
Because I like to trade to the point of over trading...I was so happy, when I discovered that a trading system can actually put me out of the market through out the whole day.
That was a breakthrough for me in my trading career.
Learn... Work Hard... Trade Alone
  • #442
  • Mar 12, 2020 11:17pm Mar 12, 2020 11:17pm
Quoting BiteFX
Because I like to trade to the point of over trading...I was so happy, when I discovered that a trading system can actually put me out of the market through out the whole day. That was a breakthrough for me in my trading career.
Having a system that you can set and forget is great, but with so much risk on the line, I'd be glued to my chart
  • #443
  • Mar 12, 2020 11:18pm Mar 12, 2020 11:18pm
This is five(5) solid hours since market opened my pending orders have not been filled yet.

Hmmm...no trade day? If this happens, I am more than happy. Then Eureka!
Learn... Work Hard... Trade Alone
  • #444
  • Mar 12, 2020 11:22pm Mar 12, 2020 11:22pm
Quoting Sluggazn
{quote} Having a system that you can set and forget is great, but with so much risk on the line, I'd be glued to my chart
No doubts...
After computing my trading parameters for today and set the limit orders, I went to bed...I just woke up some minutes to five.
I think this is what I have been looking for.
Learn... Work Hard... Trade Alone
  • #445
  • Mar 12, 2020 11:25pm Mar 12, 2020 11:25pm
That means when there's a trading day, business is business. When there is none, I rest.
The system does the picking not me. I like that.

Quoting BiteFX
That means when there's a trading day, business is business. When there is none, I rest. The system does the picking not me. I like that.
I am not worried about the market running away in one day... Since, when I have a trading day, I can get the money rolling in.
Learn... Work Hard... Trade Alone
  • #446
  • Mar 12, 2020 11:32pm Mar 12, 2020 11:32pm
Quoting BiteFX
This is five(5) solid hours since market opened my pending orders have not been filled yet. Hmmm...no trade day? If this happens, I am more than happy. Then Eureka!
I think you'll be buying today. I think
  • #447
  • Mar 12, 2020 11:33pm Mar 12, 2020 11:33pm
Quoting BiteFX
Friday March 13, 2020. Yesterday stubborn bulls were eaten for lunch and dinner. Having said that, Today is a very wide day. And HIGHLY DECEPTIVE. Green trendlines pointing downwards sharply, and Red trend lines pointing downwards in a broadening formation. This has a Bearish implication. But, I am also thinking that the Bulls may want to have a fight back. As a note, after a very strong trend day, market may choose to range the next day... So, seeing market price in a midway between P and S according to my chart analysis, Trade Idea... Looking...

Good Day, BiteFX and all great traders here. Nice to meet you all.
I am new to trading (almost 1 year),and I found this channel useful with meaningful insights and ideas on gold trading.

Thanks Bitefx for the daily update.
Have a great day ahead all.
  • #448
  • Mar 13, 2020 12:35am Mar 13, 2020 12:35am
Quoting Sluggazn
{quote} I think you'll be buying today. I think
With market moving up to P-1604.97, I just deleted my buy limit...
So, Sell limit order on right there until activated.
Everything in my parameters is showing that the Bears have not let go of the Bulls yet.
Learn... Work Hard... Trade Alone
  • #449
  • Mar 13, 2020 12:42am Mar 13, 2020 12:42am
Quoting BiteFX
{quote} With market moving up to P-1604.97, I just deleted my buy limit... So, Sell limit order on right there until activated. Everything in my parameters is showing that the Bears have not let go of the Bulls yet.
Yeah that turned quick, was sure it was heading to you buy. Im gonna watch for a sell signal between 1596 and 1600
  • #450
  • Mar 13, 2020 12:43am Mar 13, 2020 12:43am
Quoting GeraltRivia
{quote} Good Day, BiteFX and all great traders here. Nice to meet you all. I am new to trading (almost 1 year),and I found this channel useful with meaningful insights and ideas on gold trading. Thanks Bitefx for the daily update. Have a great day ahead all.
Greetings witcher.
  • #451
  • Mar 13, 2020 12:45am Mar 13, 2020 12:45am
Quoting GeraltRivia
{quote} Good Day, BiteFX and all great traders here. Nice to meet you all. I am new to trading (almost 1 year),and I found this channel useful with meaningful insights and ideas on gold trading. Thanks Bitefx for the daily update. Have a great day ahead all.
GeraltRivia, thanks for the compliment!
You're welcome here.
Let's mine Gold together.
Learn... Work Hard... Trade Alone
  • #452
  • Mar 13, 2020 12:48am Mar 13, 2020 12:48am
Quoting BiteFX
{quote} I worked on something earlier today, about risk management. I will share it on Saturday when we have no trades running. You will love it.
@Bitefx will be waiting for this.
Caught 200 pips yesterday, but I wanted to increase the lot size.
  • #453
  • Mar 13, 2020 12:50am Mar 13, 2020 12:50am
Quoting BiteFX
{quote} I worked on something earlier today, about risk management. I will share it on Saturday when we have no trades running. You will love it.
Looking forward to it
  • #454
  • Mar 13, 2020 2:35am Mar 13, 2020 2:35am
Quoting finnyjosh
{quote} @Bitefx will be waiting for this. Caught 200 pips yesterday, but I wanted to increase the lot size.
200pips! Wow!
You rock bro.
Learn... Work Hard... Trade Alone
  • #455
  • Mar 13, 2020 2:42am Mar 13, 2020 2:42am
Almost nine(9) hours my orders have not been filled.
This system has put a very strong leach on my former over-trading regimen before now.

I am liking it..
Learn... Work Hard... Trade Alone
  • #456
  • Mar 13, 2020 2:45am Mar 13, 2020 2:45am
I am aware of the tricky nature of the market...
Looks like I will be eating Lunch and Dinner today... Market price heading to my Sell limit order.
Learn... Work Hard... Trade Alone
  • #457
  • Mar 13, 2020 3:40am Mar 13, 2020 3:40am
Morning all.

I think bears will continue dominating this day as well.
If price breaks 1588.72, next target is 1593.80. Also possible 1605.17 But I don't see the strength.
If not, down to 1572.28 again, and possible down to 1529.23
Attached Image
Always expect unexpected.
  • #458
  • Mar 13, 2020 5:18am Mar 13, 2020 5:18am
Quoting Skoljkica
Morning all. I think bears will continue dominating this day as well. If price breaks 1588.72, next target is 1593.80. Also possible 1605.17 But I don't see the strength. If not, down to 1572.28 again, and possible down to 1529.23 {image}
Morning Skoljkica,
Great analysis.
Learn... Work Hard... Trade Alone
  • #459
  • Mar 13, 2020 5:20am Mar 13, 2020 5:20am
Quoting BiteFX
Almost nine(9) hours my orders have not been filled. This system has put a very strong leach on my former over-trading regimen before now. I am liking it..
Now Eleven(11) hours, no activation... It's like this is one of those back tested days o.
Learn... Work Hard... Trade Alone
  • #460
  • Mar 13, 2020 5:25am Mar 13, 2020 5:25am
Quoting BiteFX
{quote} Now Eleven(11) hours, no activation... It's like this is one of those back tested days o.
Infact, there was one Back Testing I did, two(2) days out of five(5) days of trading in a week, there was no order activation.
Learn... Work Hard... Trade Alone
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