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Gold Mining - Using Each Trading Day's Trend

  • #2,381
  • Jun 3, 2020 9:48am Jun 3, 2020 9:48am
@davwattsg : I prefer to quit in lost.

Im afraid if I quit lost the the price still continue, Im dead.

Im not afraid of lost, but afraid how long I still alive with this condition... efective margin only 645. If the lost cut the margin, Im dead.
Thats why I prefer quit in some gain to avoid margin cut.

I dont know do we are all have same trading system or everyone different and many others trading system.. because its my first and Im not expect to trading alone at the first..

Most tme I dont know what to do... How to count my limit, etc T_T T_T
  • #2,382
  • Jun 3, 2020 9:56am Jun 3, 2020 9:56am
@Rayoub, I lock because my broker teach me that... and yes, Im tired to wait reversal. Better I stop loss and start a new one.

But now its impossible... my margin must increase before closed in lost.

I plan if I closed sell in right time (exampel in 1660), then the price go up... maybe I will closed the buy 1724 at 1702 (loss) it will be okay. Only to stay alive
  • #2,383
  • Jun 3, 2020 10:22am Jun 3, 2020 10:22am
Quoting rockiess
@Rayoub, I lock because my broker teach me that... and yes, Im tired to wait reversal. Better I stop loss and start a new one. But now its impossible... my margin must increase before closed in lost. I plan if I closed sell in right time (exampel in 1660), then the price go up... maybe I will closed the buy 1724 at 1702 (loss) it will be okay. Only to stay alive
Please understand that, it is not advisable to open both buy and sell positions at the same time or same day, and both running.

It is better to pick a direction for a given trading day, and trade that direction with proper stop loss and take profit.

Don't worry, you will be fine over time.
Learn... Work Hard... Trade Alone
  • #2,384
  • Jun 3, 2020 12:25pm Jun 3, 2020 12:25pm
Quoting rockiess
@Rayoub, I lock because my broker teach me that... and yes, Im tired to wait reversal. Better I stop loss and start a new one. But now its impossible... my margin must increase before closed in lost. I plan if I closed sell in right time (exampel in 1660), then the price go up... maybe I will closed the buy 1724 at 1702 (loss) it will be okay. Only to stay alive
the problem with locking is yes it increases your margin, understood but what happens as you said when you finally close one out? margin can become greatly reduced therefore kicking out remaining postions so what do you do then, as mentioned your 2 buys should have been in very well profit yesterday, no reason to not close them, you waited for price to continue up, there is no guarantee price will continue up reverse or any of the such, i have been learning from bite, quanta. skol digger a bunch of others that nothing is guaranteed, all you can do is try to analyze to the best of your ability. you already caught 200 pips on your buys yesterday, take it those wins will in return increase your margin although it won't be as good as it was, you'll have closed out 2 of your 4 postions therefore only leaving 2 problematic trades, one which went positive today. going forward as advised try to study and pick a direction a clear direction.. ( obviously there's some traders who can be in a long holding trade while scalping on a daily to add up, no problem there if you can do it, but even at that i would tread very cautiously).

just a bit of my experience, I had locked trades on gold one day. I had 700usd in account. I had a buy in place I went negative 300 and instead of exiting I put a sell to lock in the buy, this is good right you survive, the problem is although my sell quickly became positive 400, my buy was now at negative 700, so you say oh its okay i have 1100 and I'm negative 700,, INCORRECT, as soon as your reds match your acct balance, does not matter if you are positive in other trades, you will be closed because those open profit trades are not yours until they are closed. and if you close a min too early or late you get screwed either way. Moral of the story is unless you caught a buy at 1455 and a sell at 1765 i would not hold 2 alternating trades without at least cashing one out
  • #2,385
  • Jun 3, 2020 1:00pm Jun 3, 2020 1:00pm
Quoting rayoub
{quote} the problem with locking is yes it increases your margin, understood but what happens as you said when you finally close one out? margin can become greatly reduced therefore kicking out remaining postions so what do you do then, as mentioned your 2 buys should have been in very well profit yesterday, no reason to not close them, you waited for price to continue up, there is no guarantee price will continue up reverse or any of the such, i have been learning from bite, quanta. skol digger a bunch of others that nothing is guaranteed, all...
Well said brother
Learn... Work Hard... Trade Alone
  • #2,386
  • Jun 3, 2020 1:39pm Jun 3, 2020 1:39pm
@rayoub, since beginning my broker asked me to lock as management risk. I surprised when I put another money usd 2500 and he ask me to open buy 1712, and price went deeper more than 1680 like today and he didnt tell me anything, not contact me or something. I act by my self to lock and asked him to let me know when to open. The price deep to 1670 and he didnt contact me at all, so I try to open at 1689, and go more deeper at 1659 and I must put another 2500 + 2500. I think he made me lock for many overnight. I wait his news, 2 weeks nothing, if Im not asking, nothing contact me.

Now Leave it behind. I opened my sell position 1703 at 1698, then the price go up to 1701. I think it is safe, because all news finish... but just now the price go deeper to 1693 where my margin limit only 1695. So I lock again (open sell) at 1696. No choice. If I burn open buy at 1724, will lost 2700 usd, that mean my margin will -2700 (if Im not wrong). I will not able to get money that much.. So I choose to lock and hope can borrow money about 1500 to open locking....

Thats all my parent money 2500 x 3 to put, but locking getting bigger. We all so upset and cannot sleep/eat. Very poor T_T
Tomorrow hope can get 1500 usd to open position.. if not, we cannot continue life.. all money inside. We just hope tomorrow can withdraw some, but the fact we must find more T_T T_T
  • #2,387
  • Jun 3, 2020 5:28pm Jun 3, 2020 5:28pm
Trade Idea for Thursday June 4, 2020.
With bears clearly dominating the market, my parameters haven't given a buy reversal signal for today.
Albeit, a bullish pull back might be obtainable.

So...levels am watching are on the chart.

We Stay Alive dudes
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200603_232712.jpg Size: 83 KB
Learn... Work Hard... Trade Alone
  • #2,388
  • Jun 3, 2020 6:46pm Jun 3, 2020 6:46pm
Quoting rockiess
@rayoub, since beginning my broker asked me to lock as management risk. I surprised when I put another money usd 2500 and he ask me to open buy 1712, and price went deeper more than 1680 like today and he didnt tell me anything, not contact me or something. I act by my self to lock and asked him to let me know when to open. The price deep to 1670 and he didnt contact me at all, so I try to open at 1689, and go more deeper at 1659 and I must put another 2500 + 2500. I think he made me lock for many overnight. I wait his news, 2 weeks nothing, if...
not to sound rude but your broker seems like a **** I mean first broker shouldn't give any advice on trades at all. they are usually benefitting from your losses just so you know. I can't sit here and tey to tell you a lie, your going to have to make a big decision, insert more money and keep fkn it up by locking things in rather then gaining or losing, or let it go. take what you can and get out. close partial psotions to acceptable levels. you sound just like I was about 6 months ago. refusing to take a loss, unfortunately life is filled with losses. you take the loss to avoid the bigger loss. cut the finger to save the hand or you will drain everything. I wont lie about anything I've lost 15000 usd without profit until recently, and its because other traders have been kind enough to direct me especially bite, Bite is one of the most intelligent traders I've met patient waiting if it happens it does if not it doesn't, I used to chase market trying to make money 24/7 if it was that easy to lock in and always survive we would have no lovers but unfortunately you need losers and winners. be a winner. be patient i am talking from qhat im struggling with too. im no super trader im an average person trying to get a piece of the pie but with everyone's help it is achievable. I turned $7 usd to 1200 in 7 days how? patientce discipline. the market is always there. tomorrow price may drop to make your sells positive but what does that do to your buys? .

don't give up. keep trying learn whatever you can and apply it. check out AUSSI thread as well great info there too. you can learn how to be a scalp master like digger or be a whole move catcher like my mans Bite. take everything apply see what works what doesn't. put everything you've learned into one. I personally love trend lines, digger got me into MAS. I use both together to find the perfect level , no such thing but hopefully yall get the point. make your money don't lock your money into nothing
  • #2,389
  • Jun 3, 2020 6:51pm Jun 3, 2020 6:51pm
Quoting rockiess
@rayoub, since beginning my broker asked me to lock as management risk. I surprised when I put another money usd 2500 and he ask me to open buy 1712, and price went deeper more than 1680 like today and he didnt tell me anything, not contact me or something. I act by my self to lock and asked him to let me know when to open. The price deep to 1670 and he didnt contact me at all, so I try to open at 1689, and go more deeper at 1659 and I must put another 2500 + 2500. I think he made me lock for many overnight. I wait his news, 2 weeks nothing, if...
it's an obvious scam broker.
don't deposit anymore and try to save what you have left.
this crooks are f*cker sh*t.
  • #2,390
  • Jun 3, 2020 7:10pm Jun 3, 2020 7:10pm
Quoting selfrit
{quote} it's an obvious scam broker. don't deposit anymore and try to save what you have left. this crooks are f*cker sh*t.
90% of local broker in indonesia are scam (heck you can say all of them are scam). Their ui trading system don't provide any chart only buy and sell button with crazy swap overnight that makes you to deposit more and more only to maintain position.
Their salesman and owner are heartless people who gain money from peoples suffering. It still baffles me that all this scam broker still able to operate in this country despite so many complaints.
The regulation department bappebti and ojk is also crooks who still let this organisation running.
  • #2,391
  • Jun 3, 2020 8:39pm Jun 3, 2020 8:39pm
trade ideas for today. I am looking to sell 1710, 1706, and 1700 eventually if price maintains below. tp 1688, 1675, 1655. bears have shown their teeth. sl is 1718. if price can dind footing above 1717 will look for a buy in that area to 1727 1733 1742.
  • #2,392
  • Jun 3, 2020 8:44pm Jun 3, 2020 8:44pm
we need not worry about broker, scam, news etc we need only see what chart tells us. sometimes qaiting for the big move to happen and then analyzing can also be profitable, today i did not enter any trades however as soon as price stayed below 1710, one could deduce that 1710 would reject lower. 1688 area showed bulls back in business. brokers can only do so much, i mean obviously they can place spike sets but 95% of time regardless of vroker news this that, chart tells its own story and we follow as such. I can't be more grateful for stumbling upon this site and these amazing groups of people who are eager to help one another. we can all learn and grow just bw patient study, practice and without a doubt you will become amazing. do not listen to brokwr or whoever, learn and listen to YOURSELF. best person you can trust who is looking out for yourself is yourself.
  • #2,393
  • Jun 3, 2020 9:43pm Jun 3, 2020 9:43pm
Good morning all,

Thank you Rayoub. Your words "I can't be more grateful for stumbling upon this site and these amazing groups of people who are eager to help one another. we can all learn and grow just bw patient study, practice and without a doubt you will become amazing. do not listen to brokwr or whoever, learn and listen to YOURSELF. best person you can trust who is looking out for yourself is yourself." really teach me a lot.

Previous days before I depended with my broker to analyzed, because I dont have any chart or something to count like RSI, EMA, etc... Only sell and buy, like @Selfrit said. Many times I wonder how people can get the chart, etc... Since the broker and marketing send me to the wrong direction and let me lock so I cannot get the money at all, I thought they already planned it, because I always profit before get loss by wide locking.
  • #2,394
  • Jun 3, 2020 10:24pm Jun 3, 2020 10:24pm
rockiess, I recommend you tradingview.com
  • #2,395
  • Jun 3, 2020 11:07pm Jun 3, 2020 11:07pm
Quoting rayoub
we need not worry about broker, scam, news etc we need only see what chart tells us. sometimes qaiting for the big move to happen and then analyzing can also be profitable, today i did not enter any trades however as soon as price stayed below 1710, one could deduce that 1710 would reject lower. 1688 area showed bulls back in business. brokers can only do so much, i mean obviously they can place spike sets but 95% of time regardless of vroker news this that, chart tells its own story and we follow as such. I can't be more grateful for stumbling...
i think you miss understood what i said. i'm talking about scam broker.
their trading platform literally doesn't provide chart only sell and buy button with big current price number.
when you press buy or sell they will reqouting in insane price. it goes the same when you close your position it takes minutes to close hence you get worst price.

as TA trader of course you only need rely on your chart only.
  • #2,396
  • Jun 4, 2020 3:06am Jun 4, 2020 3:06am
Quoting rayoub
{quote} the problem with locking is yes it increases your margin, understood but what happens as you said when you finally close one out? margin can become greatly reduced therefore kicking out remaining postions so what do you do then, as mentioned your 2 buys should have been in very well profit yesterday, no reason to not close them, you waited for price to continue up, there is no guarantee price will continue up reverse or any of the such, i have been learning from bite, quanta. skol digger a bunch of others that nothing is guaranteed, all...
Well said.
I agree on that, pick one direction and trade with it. You know what your profit and loss is, as well you can see was your prediction correct and make improvements in your trading.
Always expect unexpected.
  • #2,397
  • Jun 4, 2020 3:40am Jun 4, 2020 3:40am
1704.93 seems like a deciding price, above buy, below sell.
However, I'm prepared price could go up to 1711.65 as well, so I placed my sell orders in a range 1704.93-1711.65, but I will wait for price to reach 1711.65 first, than activate the others.
TP will be 1688.40 where I expect some price reversal. If that acts as a resistance, we could easily see 1676.36
There is also possibility that price will find support at 1704.93 on the way down from 1711.65, so I'm prepared for everything.
Attached Image
Always expect unexpected.
  • #2,398
  • Jun 4, 2020 3:56am Jun 4, 2020 3:56am
Quoting Skoljkica
1704.93 seems like a deciding price, above buy, below sell. However, I'm prepared price could go up to 1711.65 as well, so I placed my sell orders in a range 1704.93-1711.65, but I will wait for price to reach 1711.65 first, than activate the others. TP will be 1688.40 where I expect some price reversal. If that acts as a resistance, we could easily see 1676.36 There is also possibility that price will find support at 1704.93 on the way down from 1711.65, so I'm prepared for everything. {image}
Well done job Skoljkica
1713.80 likewise is a level bulls might pull back to.
This is forex anything is possible! And like you said... Get ready for everything!
Learn... Work Hard... Trade Alone
  • #2,399
  • Jun 4, 2020 5:59am Jun 4, 2020 5:59am
Just a line of thought
Market continued to use yesterday's S1 as a support for today's bullish pull back.
Then, could it be that it will use yesterday's P2 as resistance for today's bearish continuation?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200604_115512.jpg Size: 51 KB
Learn... Work Hard... Trade Alone
  • #2,400
  • Jun 4, 2020 6:15am Jun 4, 2020 6:15am
Quoting BiteFX
Just a line of thought Market continued to use yesterday's S1 as a support for today's bullish pull back. Then, could it be that it will use yesterday's P2 as resistance for today's bearish continuation? {image}
It could be, everything is possible.
For me, the mystery has always been, how big pullback does gold do.
Always expect unexpected.
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