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Gold Mining - Using Each Trading Day's Trend

  • #3,501
  • Sep 26, 2020 1:23am Sep 26, 2020 1:23am
Quoting BiteFX
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...
Read first post on page1 of this thread to understand how My Advanced Tweaked Fibo works.
Stay Alive
Learn... Work Hard... Trade Alone
  • #3,502
  • Sep 26, 2020 10:12am Sep 26, 2020 10:12am
Quoting BiteFX
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...
I took this from Forex Factory's trade explorer trade statistics. They are doing a great job here.
Does it strike a cord now?
Attached Image
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  • #3,503
  • Sep 27, 2020 4:08pm Sep 27, 2020 4:08pm
Happy New Week folks!!!
Alright, this week if you are running the Advanced Tweaked Fibo with me, please ensure that you read the simple rules on first post, page one of this thread.

So we can Stay Alive together.
Learn... Work Hard... Trade Alone
  • #3,504
  • Edited 4:22pm Sep 27, 2020 4:12pm | Edited 4:22pm
One more thing, determine the maximum %risk you are willing to take on your equity. For me, 3% max.
It is that amount that when you divide with the risk pips, will then give you your lot size per each trade.
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  • #3,505
  • Sep 27, 2020 4:17pm Sep 27, 2020 4:17pm
Lastly, before we begin this week's trade, understand that we are taking only five(5) trades throughout the week.
Monday= one
Tuesday= one
Wednesday= one
Thursday= one
Friday= one
Hence, Monday-Friday= five in total.

No Greed, No Fear!!!
Learn... Work Hard... Trade Alone
  • #3,506
  • Sep 27, 2020 4:21pm Sep 27, 2020 4:21pm
Trade Idea-Advanced Tweaked Fibo(ATF)
You know what to do with the chart.
We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: 20200927-220134.png Size: 108 KB
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  • #3,507
  • Sep 27, 2020 4:31pm Sep 27, 2020 4:31pm
Quoting BiteFX
One more thing, determine the maximum %risk you are willing to take on your equity. For me, 3% max. It is that amount that when you divide with the risk pips, will then give you your lot size per each trade.
An example...1000USD, 40pips risk, 3%risk on equity.
We use these data to get our lot size for Monday's trade.
Attached File(s)
File Type: mp4 ScreenRecorder_20200927-222516.mp4   4.9 MB | 438 downloads
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  • #3,508
  • Sep 27, 2020 4:46pm Sep 27, 2020 4:46pm
Quoting BiteFX
Lastly, before we begin this week's trade, understand that we are taking only five(5) trades throughout the week. Monday= one Tuesday= one Wednesday= one Thursday= one Friday= one Hence, Monday-Friday= five in total. No Greed, No Fear!!!
For these five trades, my Advanced Tweaked Fibo Probability Distribution holds true.
Check first post, page one(1) of this thread to see the probability distribution.
This is Forex, Anything from B to I is possible this week.
We Stay Alive.
Learn... Work Hard... Trade Alone
  • #3,509
  • Sep 28, 2020 12:55am Sep 28, 2020 12:55am
Quoting BiteFX
Trade Idea-Advanced Tweaked Fibo(ATF) You know what to do with the chart. We Stay Alive {image}
Buy limit filled, sell limit cancelled. Let's see from the market's perspective what we are to have.
Profit or loss? It's just business, nothing personal.
Learn... Work Hard... Trade Alone
  • #3,510
  • Sep 28, 2020 3:20am Sep 28, 2020 3:20am
Good morning everyone.

My analysis for today:
As long as price is holding below 1861.74 I am selling. My first target is 1840.84. We could have price reversal from there up to 1865.00 and sell again down to 1817.33

But if price finds 1861.74 as a support and manage to break 1865.00 upwards, then buy up to 1877.42
Always expect unexpected.
  • #3,511
  • Sep 28, 2020 3:34am Sep 28, 2020 3:34am
Quoting BiteFX
{quote} Buy limit filled, sell limit cancelled. Let's see from the market's perspective what we are to have. Profit or loss? It's just business, nothing personal.
Stop loss hit...That's that about today's trade.
We await tomorrow's parameters.
Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,512
  • Sep 28, 2020 3:40am Sep 28, 2020 3:40am
Note
Out of the eleven outcomes of the ATF Probability Distribution for a given trading week, A is no longer probable. We are now left with B-K.
Hmmm...Sote
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  • #3,513
  • Sep 28, 2020 4:31pm Sep 28, 2020 4:31pm
Trade Idea - ATF
1R=3% risk on capital, 2.36R=7.08% reward on capital.
We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: 20200928-222404.png Size: 107 KB
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  • #3,514
  • Sep 28, 2020 7:26pm Sep 28, 2020 7:26pm
Quoting BiteFX
Trade Idea - ATF 1R=3% risk on capital, 2.36R=7.08% reward on capital. We Stay Alive {image}
Sell limit filled, Buy limit cancelled.
We await what market has for us.
Take profit or Stop loss.
No greed, No fear... Just making money.
Learn... Work Hard... Trade Alone
  • #3,515
  • Sep 28, 2020 7:28pm Sep 28, 2020 7:28pm
Quoting BiteFX
{quote} Sell limit filled, Buy limit cancelled. We await what market has for us. Take profit or Stop loss. No greed, No fear... Just making money.
This is pure probability distribution... No emotions attached.
In the end, we win profitably...
Learn... Work Hard... Trade Alone
  • #3,516
  • Sep 28, 2020 9:40pm Sep 28, 2020 9:40pm
Hey bite not sure if its okay to still post my charts. not quite using your method but anyways.
charts are posted below. looking to buy 1882 to 1886 depending if price closes above it strongly. to will be 1894 for starters, ext to 1902. sl is 1977. still trading demo till the month ends but will be trying to post daily again

if price cannot close above it strongly will look to sell 1882 down to 1877.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_20200928-223434_MetaTrader 4.jpg Size: 684 KB
  • #3,517
  • Sep 28, 2020 9:42pm Sep 28, 2020 9:42pm
Attached Image (click to enlarge)
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  • #3,518
  • Sep 28, 2020 9:54pm Sep 28, 2020 9:54pm
Quoting rayoub
hey bite not sure if its okay to still post my charts. Not quite using your method but anyways. Charts are posted below. Looking to buy 1882 to 1886 depending if price closes above it strongly. To will be 1894 for starters, ext to 1902. Sl is 1977. Still trading demo till the month ends but will be trying to post daily again if price cannot close above it strongly will look to sell 1882 down to 1877. {image} {image}
BROTHER, WE NEED YOUR CHARTS MAN!!!
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  • #3,519
  • Sep 28, 2020 9:58pm Sep 28, 2020 9:58pm
Quoting rayoub
Hey bite not sure if its okay to still post my charts. not quite using your method but anyways. charts are posted below. looking to buy 1882 to 1886 depending if price closes above it strongly. to will be 1894 for starters, ext to 1902. sl is 1977. still trading demo till the month ends but will be trying to post daily again if price cannot close above it strongly will look to sell 1882 down to 1877. {image} {image}
Most guys use my ATF as an additional confluence to their already had system.
Now, when You, Skol, Quanta(I wonder where he is) and others post, they have more confluence.
That's how we mine gold together brother.

We Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,520
  • Sep 28, 2020 10:06pm Sep 28, 2020 10:06pm
Quoting BiteFX
{quote} Most guys use my ATF as an additional confluence to their already had system. Now, when You, Skol, Quanta(I wonder where he is) and others post, they have more confluence. That's how we mine gold together brother. We Stay Alive...
thanks brother your charts have been amazing and very helpful I do appreciate them very much I have been making sure to look daily to compare and I will be sure to start posting more again. and I believe quanta will be back soon
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