Gold Mining - Using Each Trading Day's Trend | Page 137 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Scalping Gold using WPR 1,019 replies

Which standard Indicators are most related to each other? 2 replies

Gold Mining II - Using Reference Lines 13 replies

An idea for building wealth...using only gold 9 replies

Trading Gold - An End of Day System 27 replies

Attachments: Gold Mining - Using Each Trading Day's Trend
Exit Attachments

Gold Mining - Using Each Trading Day's Trend

  • #2,721
  • Jul 10, 2020 3:36am Jul 10, 2020 3:36am
Quoting Skoljkica
{quote} It's been a busy day. Where have you been hiding? My buy has just been activated on 1801. Potential TP 1825, but I expect first major resistance at 1806.91
Great Analysis All the time. The bull is in action now. Yes Major Resistance is on way but Today we have seen good bull movement as I am not wrong.

We are missing the BiteFX high Probability great analysis. Hope can see his today analysis soon.
  • #2,722
  • Jul 10, 2020 3:38am Jul 10, 2020 3:38am
Quoting Skoljkica
{quote} It's been a busy day. Where have you been hiding? My buy has just been activated on 1801. Potential TP 1825, but I expect first major resistance at 1806.91
Inside the mine brother...
Learn... Work Hard... Trade Alone
  • #2,723
  • Jul 10, 2020 3:40am Jul 10, 2020 3:40am
Quoting Itxtaha
Hey afternoon everyone ! May This Friday bring you the most precious happiness of the world , May you got what you planned , May you Find the courage that Shine your all trades next week ,Ameen and in Sha Allah , Be blessed everyone
Amen.
Learn... Work Hard... Trade Alone
  • #2,724
  • Jul 10, 2020 4:01am Jul 10, 2020 4:01am
Quoting Skoljkica
{quote} Yeah, it happens. But don't let that to discourage you. It can be a lesson. My advice is to always protect your trade with SL and what I like to do is put several smaller trades (it can be on the same or different price), so I can always leave 1 or 2 trades going and scalp with another one. And I like to put protective SL on profitable trades. Keep your head up and good luck.
I do my best. Please don’t forget to posting your analysis and share your experiences with us my friend
  • #2,725
  • Edited 6:45am Jul 10, 2020 4:58am | Edited 6:45am
Quoting Skoljkica
{quote} Yeah, it happens. But don't let that to discourage you. It can be a lesson. My advice is to always protect your trade with SL and what I like to do is put several smaller trades (it can be on the same or different price), so I can always leave 1 or 2 trades going and scalp with another one. And I like to put protective SL on profitable trades. Keep your head up and good luck.
It's an un-quantifiable gain to me learning from you all, and really big ups to you guys.

Skol, kindly could you elaborate a bit in some very simpler and practical terms how you use this strategy you explained, it may just be key in keeping my account and maybe ensuring I get profits everyday.

My current account equity/balance is at $1,200, thanks in anticipation of your response...
Jus tryna be a BILLIONAIRE!
  • #2,726
  • Edited 5:44am Jul 10, 2020 5:16am | Edited 5:44am
Quoting obatraid
{quote} It's an un-quantifiable gain to me learning from you all, and really big ups to you guys. Skol, kindly could you elaborate a bit in some very simpler and practical terms how you use this strategy you explained, it may just be key in keeping my account and maybe ensuring I get profits everyday. My current account equity/balance is at $1,200, thanks in of your response...
I'll explain it with my trading today.
I had 2 buy orders within 10 pips difference.
1 order is for scalping, which closed on TP as you can see on image. I closed second order and left first to run.
So, my first order has protective SL which I will move as price goes further up (but I like to give to the price a space to "breathe").
You can add as many orders as you want, but you need to be able to be in a control of all of them. I am waiting to put another one when price does a pullback.
Attached Image
Always expect unexpected.
  • #2,727
  • Jul 10, 2020 6:44am Jul 10, 2020 6:44am
Quoting Skoljkica
{quote} I'll explain it with my trading today. I had 2 buy orders within 10 pips difference. 1 order is for scalping, which closed on TP as you can see on image. I closed second order and left first to run. So, my first order has protective SL which I will move as price goes further up (but I like to give to the price a space to "breathe"). You can add as many orders as you want, but you need to be able to be in a control of all of them. I am waiting to put another one when price does a pullback. {image}
Okay I see, but is your tp not very far off, it will mean you literally have to sit on your laptop all the time monitoring movement, news and action.

I also noticed the sl, which means this your current buy was some where at 1801... right.
Okay I'm getting the hang of your strategy now, I'll keep on asking until I'm very solid on my own, thanks a lot Skol.
Jus tryna be a BILLIONAIRE!
  • #2,728
  • Jul 10, 2020 6:53am Jul 10, 2020 6:53am
Quoting obatraid
{quote} Okay I see, but is your tp not very far off, it will mean you literally have to sit on your laptop all the time monitoring movement, news and action. I also noticed the sl, which means this your current buy was some where at 1801... right. Okay I'm getting the hang of your strategy now, I'll keep on asking until I'm very solid on my own, thanks a lot Skol.
Yes, my buy is at 1801, TP depends on PA and how long I'm willing to stay in a trade. Current TP is 230 pips.
If I'm trading on the longer run, I don't have to monitor it all the time, but if I'm scalping I need to be in front of it. Personally, I don't like to leave trades if I'm not able to monitor them.

But it is important that you find your strategy which works for you the best.
Always expect unexpected.
  • #2,729
  • Jul 10, 2020 7:47am Jul 10, 2020 7:47am
Quoting BiteFX
Where on are my guys? Ray, Skolj, and Quanta? Word up?
Ray still here lol you were the motivation you went into hibernation and I followed lmao. but I am still doing my analysis but I have cleaned up my charts as have been noticing my trend lines were being slightly shifted and I couldn't notice because I had a million and one on my charts lol so have just taken this time to clean up charts and make sure my analysis can help others not point them in the wrong direction.
  • #2,730
  • Jul 10, 2020 8:31am Jul 10, 2020 8:31am
am expecting this area to provide us some resistance as seen in trendline, as so will sell, 1st tgt is 1805,, as skol mentioned, i like to put multiple positions to scalp one and let one run, 2md tgt is 1799.

as always worth noting, gaps left at 1810, 1812 and 1817. also gaps below at 1799, 1788,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200710-091338_MetaTrader 4.jpg Size: 1.2 MB
Click to Enlarge Name: Screenshot_20200710-091234_MetaTrader 4.jpg Size: 959 KB
  • #2,731
  • Jul 10, 2020 9:00am Jul 10, 2020 9:00am
Quoting rayoub
am expecting this area to provide us some resistance as seen in trendline, as so will sell, 1st tgt is 1805,, as skol mentioned, i like to put multiple positions to scalp one and let one run, 2md tgt is 1799. as always worth noting, gaps left at 1810, 1812 and 1817. also gaps below at 1799, 1788, {image} {image}
well damn that happened fast,, wish all my trades could be opened and closed that quickly .
  • #2,732
  • Jul 10, 2020 9:22am Jul 10, 2020 9:22am
Quoting rayoub
am expecting this area to provide us some resistance as seen in trendline, as so will sell, 1st tgt is 1805,, as skol mentioned, i like to put multiple positions to scalp one and let one run, 2md tgt is 1799. as always worth noting, gaps left at 1810, 1812 and 1817. also gaps below at 1799, 1788, {image} {image}
Thanks Ray, you're wonderful!
Learn... Work Hard... Trade Alone
  • #2,733
  • Jul 10, 2020 9:47am Jul 10, 2020 9:47am
Quoting Skoljkica
{quote} Yes, my buy is at 1801, TP depends on PA and how long I'm willing to stay in a trade. Current TP is 230 pips. If I'm trading on the longer run, I don't have to monitor it all the time, but if I'm scalping I need to be in front of it. Personally, I don't like to leave trades if I'm not able to monitor them. But it is important that you find your strategy which works for you the best.
230 pips... I'm afraid only a deadly news like sudden coronavirus spike to 3m or maybe deaths at 1m (I know bad news) or an Airstrike or Tanker dispute somewhere might be able to joggle the PA up to that point, BUT anyways whad I know . Bite always says await market action

But again thanks for the analysis and sharing you really did me great today, I'll keep close monitor hereon...
Jus tryna be a BILLIONAIRE!
  • #2,734
  • Jul 10, 2020 9:54am Jul 10, 2020 9:54am
Quoting Javegoodman
Hi all, I hope you’re well. Today is a bad day for me. I lost 3k$ and my account is in red, ZERO$. I only wanna say that please fight with your greed daily and dont let greed control you, as I did. I hope you do your trade in best way and get profits everyday.
keep your head up bro. don't be discouraged. i too have done that so many times, even this week. didn't want to mention it, but drained my 500 on Monday, drained another 500 Tuesday, deposited another 400, almost lost it all. being stupid, but was able to make back what I lost this week plus some more,. we need to not chase the market, sit patiently wait for what you want, then go for it. its painfully hard to watch a move from 1810 down to 1801 then jumping in to sell at 1801 hoping you don't miss the train only to have price go bavk to 1807 then drop again etc. be patient keep your head up and when you lose, learn from it. understand how far off you were. for example if you were 100 pips off before the move you were anticipating, then next time use a tiny lot so that 100 pips is only -10. i say this because thats how I kept losing, I was putting a like 8 .1s and watching it drain then watching the move i was anyocipating happen. dont rush your trade brother, market is not going anywhere. and i say this for you and for ME. i need constant reminders that there is always tomorrow (INSHALLAH) but were all here to help, we've all lost were all learning but hope sharing this gives you some hope. I just know it takes courage to tell others how much you lost... in total ive lost 18K. but the lessons I learned are PRICELESS.
  • #2,735
  • Jul 10, 2020 9:57am Jul 10, 2020 9:57am
Quoting obatraid
{quote} 230 pips... I'm afraid only a deadly news like sudden coronavirus spike to 3m or maybe deaths at 1m (I know bad news) or an Airstrike or Tanker dispute somewhere might be able to joggle the PA up to that point, BUT anyways whad I know . Bite always says await market action But again thanks for the analysis and sharing you really did me great today, I'll keep close monitor hereon...
bad news good news no difference beother, yesterday unemploymwnt claims were green good, today data was bad but regardless gold still qent up and down. pay attention to your analysis and trends. news is irrelevant honestly, trendline showed us what course price was following and it followed it well despite news.
  • #2,736
  • Jul 10, 2020 9:58am Jul 10, 2020 9:58am
Quoting obatraid
{quote} 230 pips... I'm afraid only a deadly news like sudden coronavirus spike to 3m or maybe deaths at 1m (I know bad news) or an Airstrike or Tanker dispute somewhere might be able to joggle the PA up to that point, BUT anyways whad I know . Bite always says await market action But again thanks for the analysis and sharing you really did me great today, I'll keep close monitor hereon...
Well, golds daily range is somewhere around 200-230 pips, which doesn't mean it will do it everyday.
However, be careful, in my analysis if price can't find support at 1806.91 bullish mode is invalid.
Always expect unexpected.
  • #2,737
  • Jul 10, 2020 10:01am Jul 10, 2020 10:01am
Quoting rayoub
{quote} bad news good news no difference beother, yesterday unemploymwnt claims were green good, today data was bad but regardless gold still qent up and down. pay attention to your analysis and trends. news is irrelevant honestly, trendline showed us what course price was following and it followed it well despite news.
I agree with you, news can only give you a headache, there are here to move the price, but always trust your analysis and watch PA. It should be on the first place.
Always expect unexpected.
  • #2,738
  • Jul 10, 2020 10:07am Jul 10, 2020 10:07am
Skol is correct rho, some trades you just let go and leave, scalps you gotta watch haha cuz that 1 scalp that you forget to monitor could be the worst decision of your life lol. i won't lie tho, i do not use any SL. it is stupid it is my strategy it is the way I will learn. nothing against anyone who uses them, I just have had COUNTLESS times where my sl was hit conveniently and then price went completely in my direction. but ive definitely seen times where I t would have been beneficial. but with this you guys have a great weekend. i am forcong myself to be done, because I have a tendency of making rash decision in the last few hours lol. ( I lied lol just placed 2 last buys at 1801.50 tp is 1803. and I'm done lol)
  • #2,739
  • Jul 10, 2020 10:08am Jul 10, 2020 10:08am
Am very happy to belong to this group. I hope to get some help in my Gold trade, since I trade only Gold. I only trade other pairs when its major news like NZD news. I hope to get more support from the big boys here.
  • #2,740
  • Jul 10, 2020 10:22am Jul 10, 2020 10:22am
Okay closed them at 1802.50, almost put myself in another greed trade . done you guys have a great weekend hopefully we can all start again next week. Skol thanks for being on your shit i fell off, need people like you and bite to keep me going. and we miss you QUANTA. hopefully your doing okay
2 traders viewing now