Gold Mining - Using Each Trading Day's Trend | Page 175 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #3,481
  • Sep 23, 2020 5:20pm Sep 23, 2020 5:20pm
Quoting BiteFX
Trade Idea-Advanced Tweaked Fibo Risk 40pips Reward 94.4pips Money management: 1%-3% of Equity. Sell limit 1865.72...stop loss 1869.72...take profit 1856.28 Buy limit 1856.28...stop loss 1852.28...take profit 1865.72 Stay Alive {image}
Something like this...
Attached Image (click to enlarge)
Click to Enlarge Name: 20200923-231652.png Size: 136 KB
Learn... Work Hard... Trade Alone
  • #3,482
  • Sep 23, 2020 5:23pm Sep 23, 2020 5:23pm
Loss, Profit, and no trade entered are all determined by the Advanced Tweaked Fibo via it's probability distribution.

I Stay Alive
Learn... Work Hard... Trade Alone
  • #3,483
  • Sep 23, 2020 5:49pm Sep 23, 2020 5:49pm
Quoting BiteFX
Trade Idea-Advanced Tweaked Fibo Risk 40pips Reward 94.4pips Money management: 1%-3% of Equity. Sell limit 1865.72...stop loss 1869.72...take profit 1856.28 Buy limit 1856.28...stop loss 1852.28...take profit 1865.72 Stay Alive {image}
Buy limit filled, sell limit cancelled.
Let's await the probability distribution from the market's perspective.
No emotion attached to the outcome.
Learn... Work Hard... Trade Alone
  • #3,484
  • Sep 23, 2020 9:06pm Sep 23, 2020 9:06pm
Quoting BiteFX
Trade Idea-Advanced Tweaked Fibo Risk 40pips Reward 94.4pips Money management: 1%-3% of Equity. Sell limit 1865.72...stop loss 1869.72...take profit 1856.28 Buy limit 1856.28...stop loss 1852.28...take profit 1865.72 Stay Alive {image}
Alright,
Take Profit reached...Sote
Done for today...1Risk=2.36Reward
I Stay Alive till tomorrow's Tweaked Fibo parameters.
Learn... Work Hard... Trade Alone
  • #3,485
  • Sep 23, 2020 9:11pm Sep 23, 2020 9:11pm
A word on probability distribution in our business...
No two trades have the same outcome even though the trade set ups look exactly the same.
Hence, proper money management.
Learn... Work Hard... Trade Alone
  • #3,486
  • Sep 23, 2020 9:15pm Sep 23, 2020 9:15pm
On my live account... 4days=3days win, 1day loss(profit).
On our demo trade explorer here... 2days=1day loss, 1day win(Profit).

Let's keep on rocking guys.
Something solid for you guys as always I told you.

We Stay Alive
Learn... Work Hard... Trade Alone
  • #3,487
  • Sep 24, 2020 3:32am Sep 24, 2020 3:32am
Good morning to all.

I expect one more push up towards 1864.00, so I am looking to short there or at 1858.00, depending on PA.
First target is 1846.25, where price could find support with pullback up to 1851.22. One more sell there, I am targeting 1829.34 today.
Always expect unexpected.
  • #3,488
  • Sep 24, 2020 10:41am Sep 24, 2020 10:41am
Quoting BiteFX
On my live account... 4days=3days win, 1day loss(profit). On our demo trade explorer here... 2days=1day loss, 1day win(Profit). Let's keep on rocking guys. Something solid for you guys as always I told you. We Stay Alive
I'm sorry Guys, I have not been consistent here for a long time, not that I am not viewing the thread, BUT I SORT OF TOOK BITE'S PRIVATE COUNSEL on going after knowledge first, and so far the materials and knowledge I have come by prove his words true.

I with the knowledge gained so far, being posting consistent profits on my DEMO and applying it cautiously to my live account, I do hope before the end of this month or by the start of October, I can return actively and live to the thread.

While I know, there's no condemnation on the thread, I believe we all benefit from the thread when the relationship is symbiotic and not just commensal, so since we've been benefitting from Bite, Skol, Rayoub, Quantamath and co... I believe we are more useful to the thread if I (we can all contribut regularly and correctly) even though our generous Pros aren't complaining.

Thanks Guys and keep mining.
Jus tryna be a BILLIONAIRE!
  • #3,489
  • Sep 24, 2020 3:57pm Sep 24, 2020 3:57pm
Quoting obatraid
{quote} I'm sorry Guys, I have not been consistent here for a long time, not that I am not viewing the thread, BUT I SORT OF TOOK BITE'S PRIVATE COUNSEL on going after knowledge first, and so far the materials and knowledge I have come by prove his words true. I with the knowledge gained so far, being posting consistent profits on my DEMO and applying it cautiously to my live account, I do hope before the end of this month or by the start of October, I can return actively and live to the thread. While I know, there's no condemnation on the thread,...
Thank you Obatraid for the compliments...It's good to know we'll be seeing more of you now.

Let's mine gold alive together
Learn... Work Hard... Trade Alone
  • #3,490
  • Sep 24, 2020 4:06pm Sep 24, 2020 4:06pm
Note
When the Advanced Tweaked Fibo Probability Distribution in first post on page one of this thread is carefully studied, we observe that from column D to G the outcome is still profit.
i.e whether 3days win -2days loss=profit.
And or 2days win -3days loss=profit.

The reason is simple...1 risk=2.36 reward.
Do the maths.

Even 2 loss, 1 win, will still = profit.
Do the maths.
Its just pure probability distribution. No emotions attached.
Learn... Work Hard... Trade Alone
  • #3,491
  • Sep 24, 2020 4:25pm Sep 24, 2020 4:25pm
Trade Idea-Advanced Tweaked Fibo
You guys already know what to do with the chart.
Use proper money management, then can
We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: 20200924-222224.png Size: 110 KB
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  • #3,492
  • Sep 24, 2020 9:55pm Sep 24, 2020 9:55pm
Quoting BiteFX
Trade Idea-Advanced Tweaked Fibo You guys already know what to do with the chart. Use proper money management, then can We Stay Alive {image}
Market chose buy limit, sell limit cancelled.
We await market judgement up or down, stop loss or Take profit.
Learn... Work Hard... Trade Alone
  • #3,493
  • Sep 24, 2020 9:59pm Sep 24, 2020 9:59pm
Quoting BiteFX
{quote} Market chose buy limit, sell limit cancelled. We await market judgement up or down, stop loss or Take profit.
The trade took off well,
  • #3,494
  • Sep 24, 2020 10:04pm Sep 24, 2020 10:04pm
Quoting Iscarter
{quote} The trade took off well,
Yes man...let's await the final judgment...That's where the discipline is brother... Stop loss or Take profit.
Learn... Work Hard... Trade Alone
  • #3,495
  • Sep 25, 2020 12:32am Sep 25, 2020 12:32am
Quoting BiteFX
Trade Idea-Advanced Tweaked Fibo You guys already know what to do with the chart. Use proper money management, then can We Stay Alive {image}
Alright, if you did what you should do with the chart, you should have what the market wants you to have.

Take profit hit
Done for today and for the week.
Learn... Work Hard... Trade Alone
  • #3,496
  • Edited 12:47am Sep 25, 2020 12:36am | Edited 12:47am
Looking at our statistics based on my Advanced Tweaked Fibo Probability Distribution on trades...
This Week
On my live, Monday-Friday : 4wins, 1loss=Profit.
On our demo here, Wednesday-Friday : 2wins, 1loss=Profit.

We Stay Alive
Learn... Work Hard... Trade Alone
  • #3,497
  • Sep 25, 2020 12:38am Sep 25, 2020 12:38am
Have a nice weekend guys.
See y'all next week by God's grace.
BiteFX
Learn... Work Hard... Trade Alone
  • #3,498
  • Sep 25, 2020 3:01am Sep 25, 2020 3:01am
Good morning everyone.
I am buying gold today at 1874.00
First resistance is at 1880.82, but TP I'm targeting is 1896.72
Possible spike down to 1870.98
Sl tight
Always expect unexpected.
  • #3,499
  • Sep 26, 2020 12:45am Sep 26, 2020 12:45am
Thank you Forex Factory!
Thank you Gold Miners!
Congratulations BiteFX!

Red-Tag Member.
Attached Image (click to enlarge)
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  • #3,500
  • Sep 26, 2020 1:08am Sep 26, 2020 1:08am
Advantages of Advanced Tweaked Fibo Probability Distribution
Based on the works of some professionals I have studied, I have come to certain acceptance of some of the basics in the Forex market.

* Each trade is a probability function that can produce one of three outcomes- Profit, Loss, or Even.
* Money management placed on this Probabilistic nature of the market ensures profit over time using a time-tested and proven, working trading system.
* Emotions are well managed when you accept the probabilistic nature of the market and money managment is applied accordingly.
* Fundamentals are clearly seen on the chart by the movement of price. Hence, fundamentals are funny-mentals.
* Making money in Forex is as simple as ABC but is also a SCIENCE-both Social(Behavioural) and Exact(Mathemathical).

Outcomes are very predictable...One out of three.
Learn... Work Hard... Trade Alone
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