Gold Mining - Using Each Trading Day's Trend | Page 172 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #3,421
  • Sep 10, 2020 11:11am Sep 10, 2020 11:11am
1st pic would have not been activated but tp was reached, 2nd would have been activated and gone withing 4 pips of tp but not closed out. so am just tweaking the little finer parts of my trading. below is the 5m flag will see if it will go as planned or not.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200910-121021_MetaTrader 4.jpg Size: 896 KB
  • #3,422
  • Sep 10, 2020 11:41am Sep 10, 2020 11:41am
Quoting rayoub
1st pic would have not been activated but tp was reached, 2nd would have been activated and gone withing 4 pips of tp but not closed out. so am just tweaking the little finer parts of my trading. below is the 5m flag will see if it will go as planned or not. {image}
so far playing out well
  • #3,423
  • Sep 10, 2020 12:12pm Sep 10, 2020 12:12pm
5 m hit 200ema found some support. done for now will wait for 4hr to close
  • #3,424
  • Sep 10, 2020 4:54pm Sep 10, 2020 4:54pm
Trade Ideas as on the Chart.
This candle stick pattern looks familiar right? It is a sell signal and confirmation following.
MACD showing a bearish head and shoulders pattern with one tick below zero.

Yet, it is where the market runs to first to activate that I will trade.
Removing personal bias to follow market's bias.

I Stay Alive...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20200910-224726.png Size: 126 KB
Click to Enlarge Name: IMG_20200910_230223.jpg Size: 40 KB
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  • #3,425
  • Sep 10, 2020 4:59pm Sep 10, 2020 4:59pm
Quoting rayoub
sorry haven't been posting much gyys took a breather to analyze a bit better, no live trading for me this month, trying to practice using sls and tps and tweaking my parameters. examples of a few are below. just analyzing what I see and seeing where I would be later. {image} {image}
It is very valid, so that it can accommodate possibly all market conditions from ranging to trending to choppy markets.

Well done brother.
Learn... Work Hard... Trade Alone
  • #3,426
  • Sep 10, 2020 10:32pm Sep 10, 2020 10:32pm
Quoting BiteFX
Trade Ideas as on the Chart. This candle stick pattern looks familiar right? It is a sell signal and confirmation following. MACD showing a bearish head and shoulders pattern with one tick below zero. Yet, it is where the market runs to first to activate that I will trade. Removing personal bias to follow market's bias. I Stay Alive... {image} {image}
Sell limit was activated, I am running with today.
I Stay Alive...
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  • #3,427
  • Sep 10, 2020 10:39pm Sep 10, 2020 10:39pm
Quoting BiteFX
{quote} Sell limit was activated, I am running with today. I Stay Alive...
Something like this
Attached Image (click to enlarge)
Click to Enlarge Name: 20200911-043823.png Size: 145 KB
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  • #3,428
  • Sep 11, 2020 2:06am Sep 11, 2020 2:06am
Chart update
Market currently at midpoint or pivot if you please, is another good short re-entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 20200911-080432.png Size: 145 KB
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  • #3,429
  • Sep 11, 2020 6:25am Sep 11, 2020 6:25am
Price is above 1946.35, my week support line.
My buy order is at 1947.50 waiting to be activated.
First resistance at 1962.17, but I'm targeting 1973.08
Not sure how long it will take for it to be realized since last 14 days Gold is in consolidation.
Always expect unexpected.
  • #3,430
  • Edited 4:08pm Sep 13, 2020 3:54pm | Edited 4:08pm
I've been working tirelessly to have an automated trading system that removes human emotions from taking a trade and that provides at least a one to two risk rewards.

My tweaked Fibo is finalised...It is as it is on chart,
1. Lmit orders as market opens.(exception is when market gaps outside the tweaked Fibo)
2. Stop loss as provided by my tweaked Fibo.
3. Take profit as provided by my tweaked Fibo.
4. When take profit is reached, that's that about that trading day.
5. When stop loss is hit, that's that about that trading day.

Lastly, Stay Alive by proper lot size usage.

Trade Idea for Monday September 14, 2020.
As on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 20200913-214436.png Size: 111 KB
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  • #3,431
  • Sep 13, 2020 4:16pm Sep 13, 2020 4:16pm
Quoting BiteFX
I've been working tirelessly to have an automated trading system that removes human emotions from taking a trade and that provides at least a one to two risk rewards. My tweaked Fibo is finalised...It is as it is on chart, 1. Lmit orders as market opens.(exception is when market gaps outside the tweaked Fibo) 2. Stop loss as provided by my tweaked Fibo. 3. Take profit as provided by my tweaked Fibo. 4. When take profit is reached, that's that about that trading day. 5. When stop loss is hit, that's that about that trading day. Lastly, Stay...
A word on proper lot size usage...
Regardless of your account size, these will work wonders.
Divide your total equity by:
A. 10,000
B. 20,000
C. 50,000
D. 100,000

Whatever answers you have, you then decide what you are willing to risk as a loss using the answer of A, B, C, or D to multiply the pips or points from entry to stop loss. Then from entry to take profit will be your reward for risking that amount from your equity.

Nothing special about these numbers, but don't just go below 10,000 if you want to stay alive long enough. You may freely choose your division value between 10,000 to 100,000 which is the standard division value.
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  • #3,432
  • Sep 13, 2020 4:21pm Sep 13, 2020 4:21pm
I have included the above system rules also on page 1 first post.

We Stay Alive.
Learn... Work Hard... Trade Alone
  • #3,433
  • Sep 13, 2020 5:34pm Sep 13, 2020 5:34pm
Quoting BiteFX
I've been working tirelessly to have an automated trading system that removes human emotions from taking a trade and that provides at least a one to two risk rewards. My tweaked Fibo is finalised...It is as it is on chart, 1. Lmit orders as market opens.(exception is when market gaps outside the tweaked Fibo) 2. Stop loss as provided by my tweaked Fibo. 3. Take profit as provided by my tweaked Fibo. 4. When take profit is reached, that's that about that trading day. 5. When stop loss is hit, that's that about that trading day....
Exception observed..Market gapped down to Buy SL. So, my discretion based on price action knowledge, I bought Buy SL with same 20 pips SL. And Take profit is as on the chart.
I Stay Alive.
Learn... Work Hard... Trade Alone
  • #3,434
  • Sep 13, 2020 9:09pm Sep 13, 2020 9:09pm
Quoting BiteFX
{quote} Exception observed..Market gapped down to Buy SL. So, my discretion based on price action knowledge, I bought Buy SL with same 20 pips SL. And Take profit is as on the chart. I Stay Alive.
Take profit reached... 1R=3R today...Sote
Till tomorrow again.

Stay Alive guys...No greed, No fear.
Learn... Work Hard... Trade Alone
  • #3,435
  • Sep 14, 2020 4:14am Sep 14, 2020 4:14am
Good day to all.

If price can hold 1947.02 then bulls could push price up to 1956.14/1961.51 as a first resistance line. To confirm bullish mode I expect for price to find support at 1956.14 and next target will be 1976.56. Pullback from there to 1969.14 and up again to 1982.58

If price can't hold 1947.02 then down to 1941.15, maybe 1929.71 where I will look an opportunity to place buy order.
Attached Image
Always expect unexpected.
  • #3,436
  • Sep 14, 2020 4:25pm Sep 14, 2020 4:25pm
Trade Idea as on the Chart.
Just the way it is...No talking one's self out of it.
Limit orders at both ends.
The market either goes up or down.
Take profit at both ends.
Stop loss at both ends.
I just wanna make good money.
We Stay Alive...
Attached Image (click to enlarge)
Click to Enlarge Name: 20200914-221802.png Size: 81 KB
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  • #3,437
  • Sep 14, 2020 9:01pm Sep 14, 2020 9:01pm
Quoting BiteFX
Trade Idea as on the Chart. Just the way it is...No talking one's self out of it. Limit orders at both ends. The market either goes up or down. Take profit at both ends. Stop loss at both ends. I just wanna make good money. We Stay Alive... {image}
Buy limit was chosen by the market.
Buy Take profit already reached.
1R=2R today.

We Stay Alive till tomorrow's parameters again...No greed, No Fear.
Learn... Work Hard... Trade Alone
  • #3,438
  • Sep 15, 2020 6:58am Sep 15, 2020 6:58am
Good day to all

I'm looking at 1969.14
If price finds it as a support, I expect price to reach 1976.56 as a first resistance line. From there pullback down to 1969.14/1970.62 and then up again to 1982.58
If 1969.14 can't act as a support, then down to 1966.17, if that can't hold, possible down to 1956.14
Always expect unexpected.
  • #3,439
  • Sep 15, 2020 4:23pm Sep 15, 2020 4:23pm
Trade Idea as on the Chart.
Limit orders.
Stop losses.
Take ptofits.
60 pips up for grabs.

We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: 20200915-221612.png Size: 78 KB
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  • #3,440
  • Sep 15, 2020 9:03pm Sep 15, 2020 9:03pm
Quoting BiteFX
Trade Idea as on the Chart. Limit orders. Stop losses. Take ptofits. 60 pips up for grabs. We Stay Alive {image}
Alright,
Market chose Buy limit.
Take profit reached.
60 pips grabbed!

Sote
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