Gold Mining - Using Each Trading Day's Trend

Quoting BiteFX

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{quote} Let's Stay Alive bro...The market went down to 1585...I hope its a deception. And that it turns out to be a support anyways.

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Quoting QuantaMath

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{quote} I agree with you and wait for London Session.

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Quoting BiteFX

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Curiosity and Observation... Whenever there is a potential trade set-up day(like yesterday), market tends to ebb and flow in a small or wide range, chopping off traders money. The trick here is to have a system in place that gives you room for BIGGER PROFITABLE wins, but SMALLER UNPROFITABLE loses. In this scenario even if win/loss ratio =50:50, you will still smile to the bank.

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Quoting BiteFX

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{quote} Talking about this... MONEY MANAGEMENT comes into play. Simple Mathematics: Lot Size Management through out a trading month. Conservative:- Lot size= Account Balance divided by 20,000. Example: Account Balance =200 Lot size=200/20,000=0.01 Less Conservative:-Lot size=Account Balance divided by 10,000. Example: Account Balance =200 Lot size=200/10,000=0.02 Note: The higher the division value, the more conservative you are in your lot size management(Risk Appetite).

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Quoting BiteFX

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{quote} Hmmm...this guys wanted to finish the broker, but ended up finishing themselves. Crazy conservation:- Divide Account Balance by 500 Example: Account Balance =200 Lot size= 200/500=0.4 C'mon, you didn't create the market... That's why most traders don't stay alive.

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Quoting QuantaMath

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{quote} There are two groups in the market trader: Those who have money and risk management and Those who are gamblers

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Quoting finnyjosh

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Breaking towards North. Expecting 1660s {image}

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Quoting finnyjosh

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Breaking towards North. Expecting 1660s {image}

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Quoting BiteFX

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{quote} Ouk... But, it looks like there is something special about this London session. Most traders swear on it. Any clues at to what happens therein?

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Quoting QuantaMath

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{quote} about London Session, I have no special clue, but just looking at movements of past days

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Quoting Skoljkica

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Morning all Today bullish signals for Gold. I'm expecting for price to once again find support at 1588.50 (100% DS) and then up to 1622.85 (38.2% WR). If that is not the case, then I will wait for price to confirm 1599.29 (100% WS) as a support. Until the end of the they up to 1646.41 (76.4% WR). {image}{image}

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Quoting Skoljkica

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Went long at 1588.77 TP 1599.29 and then I'll see the price movement {image}

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Quoting BiteFX

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{quote} You're a very bad scalper for sure. Good on you bro...keep collecting the money

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