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Gold Mining - Using Each Trading Day's Trend

  • #2,421
  • Jun 4, 2020 3:51pm Jun 4, 2020 3:51pm
  • #2,422
  • Jun 4, 2020 5:00pm Jun 4, 2020 5:00pm
Trade Idea for Friday June 5, 2020.
Gravity continuation...
Levels am watching are on the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200604_225606.jpg Size: 92 KB
Learn... Work Hard... Trade Alone
  • #2,423
  • Jun 4, 2020 5:23pm Jun 4, 2020 5:23pm
Quoting rockiess
@Dunca thank you for your reference. I'm thank you to all friends here willing to help me. Maybe I will not into the market for certain time... but keep follow this forum and learn... Hope still have change to recovery or get out any amount from my balance. I don't know how the trading system appear besides me, but yes as @Selfrit said my appearance only sell, buy and order, but order didn't work at overnight and the spread between sell and buy 2-4 poin at night/rally price. So when closed position, automatic hit 2-4 poin below and above, and if...
so I read your post just was trying to figure out the best way to say it but honestly what your doing is locking your money in loss, no matter what you do your screwed. see the only way that you would be able to possibly unlock it is if you found the sweetest spot possibly, for instance 1700 or 1721 for yesterday and took a long shot nove to run up 1 trade enough to close a few. i have had success with this but very scarcely and I do not recommend at all. but as far as advice on unlocking only 2 ways to look at it, take the loss and close positions and restart with whatevers left and use very small lots or take a ballsy move and wait for the best possible moment to bang a move out. what I mean is ive had 2 sells at .05 lot size and took a buy at .2 which negated the sells. but again very risky very stupid but either way you look at it its a risky situation
  • #2,424
  • Jun 4, 2020 5:56pm Jun 4, 2020 5:56pm
Quoting BiteFX
Trade Idea for Friday June 5, 2020. Gravity continuation... Levels am watching are on the chart... {image}
great analysis brother
  • #2,425
  • Jun 4, 2020 11:46pm Jun 4, 2020 11:46pm
Thank u @Rayoub. I will think about that... meanwhile I want to learn from very beginning.

Can you help to let me know, what these are mean :

S/R = Support/Resistant. How to know these area?

SL = Stop Loss (understood)

TP = .......?

Scalping = ........?

I am learning about how to read the direction with candle stick, because in my system only have candle stick. I read from @LeongPuiy comments on Daily Trading Ideas thread....
  • #2,426
  • Jun 4, 2020 11:55pm Jun 4, 2020 11:55pm
What do you mean about : had 2 sells at .05 lot size and took a buy at .2 and sometime I see people said get 30 pips or something like that.. I only know about poin. If I buy at 1720, I must closed at 1722 sell (in my system because the range too wide, I must wait 4-6 poin to get profit. How to know .05 or .2 lot = .... pips = .... point?
  • #2,427
  • Jun 5, 2020 12:01am Jun 5, 2020 12:01am
@BiteFX thank you to willing to help me... I need to learn from very beginning from simple way, what do you mean about :

Today levels blue and black
Yesterday levels gold

What colour are they?
  • #2,428
  • Jun 5, 2020 3:27am Jun 5, 2020 3:27am
Good day to all
I'm looking to go long at 1702.08
First resistance line is at 1711.65. Above it, I expect bulls to take over the market. Potential TP 1733.51
Below it, bears could drive the price down to 1676.36
Attached Image
Always expect unexpected.
  • #2,429
  • Jun 5, 2020 3:32am Jun 5, 2020 3:32am
Quoting rockiess
Thank u @Rayoub. I will think about that... meanwhile I want to learn from very beginning. Can you help to let me know, what these are mean : S/R = Support/Resistant. How to know these area? SL = Stop Loss (understood) TP = .......? Scalping = ........? I am learning about how to read the direction with candle stick, because in my system only have candle stick. I read from @LeongPuiy comments on Daily Trading Ideas thread....
Hi Rockiess,
it looks like you need to learn the basics of the trading. Here are 2 links where you can study it. Investopedia has great articles for learning.

https://www.thebalance.com/what-is-f...rading-1031015
https://www.investopedia.com/article...rade-forex.asp
Always expect unexpected.
  • #2,430
  • Jun 5, 2020 4:52am Jun 5, 2020 4:52am
Thank you @Skuljkica

May I know TP = .......? Like SL = Stop Loss
  • #2,431
  • Jun 5, 2020 5:06am Jun 5, 2020 5:06am
Quoting rockiess
Thank you @Skuljkica May I know TP = .......? Like SL = Stop Loss
TP=Take Profit
Those are the terms you can't trade without. Also, pip and value of pip. And so on...
You need to know how much money are you going to win and lose in a particular trade, how to protect your capital.
Read an article, also if you don't know the term search it and educate yourself. You can learn it better than if someone just write here what does a shortcut represents. I repeat, Investopedia is great site.
Always expect unexpected.
  • #2,432
  • Jun 5, 2020 5:12am Jun 5, 2020 5:12am
Quoting rockiess
@Dunca thank you for your reference. I'm thank you to all friends here willing to help me. Maybe I will not into the market for certain time... but keep follow this forum and learn... Hope still have change to recovery or get out any amount from my balance. I don't know how the trading system appear besides me, but yes as @Selfrit said my appearance only sell, buy and order, but order didn't work at overnight and the spread between sell and buy 2-4 poin at night/rally price. So when closed position, automatic hit 2-4 poin below and above, and if...

Rockiess, i wonder why are you still trading with the scam broker.
I've so many people who told me their stories how all their money gone by this kind of brokers.
Please save what you have left.
If you still want to trade at least change your broker first.
The legit one only need milliseconds to execute your order with lot of various trading platform that you can use.
  • #2,433
  • Jun 5, 2020 5:26am Jun 5, 2020 5:26am
Quoting rockiess
What do you mean about : had 2 sells at .05 lot size and took a buy at .2 and sometime I see people said get 30 pips or something like that.. I only know about poin. If I buy at 1720, I must closed at 1722 sell (in my system because the range too wide, I must wait 4-6 poin to get profit. How to know .05 or .2 lot = .... pips = .... point?
Omg. Your spread is 200 points/2 pips.
Normal spread for gold is about 27-80 point or 0.3-0.8 in your broker. If i buy at 1720 i only need price at least 1720.81 to be profit and that's the biggest spready which normally only cost me arround 40-50 point.

Well i've warned you so many times that your broker is scam one.
  • #2,434
  • Jun 5, 2020 5:28am Jun 5, 2020 5:28am
Quoting rockiess
Thank you @Skuljkica May I know TP = .......? Like SL = Stop Loss
Go to babypips.com
It's the best free web for forex and futures education.

I recall your kind of broker don't even have stop loss and tp set up.
  • #2,435
  • Jun 5, 2020 5:41am Jun 5, 2020 5:41am
Oh yeah i just remember.
Rockiess you also won't be able to close your last position.

You must ask your broker to close it for you and it will take very long time to close it.

The last victim of this broker that i know just lost 3 billion idr because he got swayed by their salesman to deposit more and more. Since he afraid of losing money his sense is gone and goes in debt only realised that he has been tricked by his broker.
  • #2,436
  • Jun 5, 2020 5:49am Jun 5, 2020 5:49am
Quoting Skoljkica
Good day to all I'm looking to go long at 1702.08 First resistance line is at 1711.65. Above it, I expect bulls to take over the market. Potential TP 1733.51 Below it, bears could drive the price down to 1676.36 {image}
1702.08 acted perfectly as a support. I expect one more push down to 1704.93/1704.25 so bulls can take over the market. For how long, we will see.
Always expect unexpected.
  • #2,437
  • Jun 5, 2020 7:16am Jun 5, 2020 7:16am
Quoting BiteFX
Trade Idea for Friday June 5, 2020. Gravity continuation... Levels am watching are on the chart... {image}
Trade idea going well... And Gold 1690.76
I Stay Alive
Learn... Work Hard... Trade Alone
  • #2,438
  • Jun 5, 2020 7:37am Jun 5, 2020 7:37am
Quoting BiteFX
{quote} Trade idea going well... And Gold 1690.76 I Stay Alive
Alright... Profit taken here... Sote
Learn... Work Hard... Trade Alone
  • #2,439
  • Jun 5, 2020 7:40am Jun 5, 2020 7:40am
Quoting BiteFX
Trade Idea for Friday June 5, 2020. Gravity continuation... Levels am watching are on the chart... {image}
If there is a pull back to P1 or P2, I will short again... Market can be very funny...and This is forex, anything is possible!
Learn... Work Hard... Trade Alone
  • #2,440
  • Jun 5, 2020 7:43am Jun 5, 2020 7:43am
Quoting BiteFX
{quote} Alright... Profit taken here... Sote
Nice job
Always expect unexpected.
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