Gold Mining - Using Each Trading Day's Trend | Page 190 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #3,781
  • Nov 6, 2020 2:23am Nov 6, 2020 2:23am
Quoting rayoub
{quote} Skol quick qurstion when you place a tight sl , is that about 21 pips give or take a few? Or tighter than that, just trying to tweak my methods sir, when I place too tight of a sl it gets hit immediately
I still need to learn many things but my experience about sl is if you enterd correctly it will never stop pushing untill it gives a reasonable points in short if you are correctly entered forget about sl it will never hit that point again if it does we had wrong analysis
i might be wrong but it works for me lets take example of this entry in m5 gold in which i entered late.
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  • #3,782
  • Nov 6, 2020 2:47am Nov 6, 2020 2:47am
Quoting Skoljkica
{quote} My SL is 34 pips. The loss is not that big and it leaves price enough space to move. Although, looking at gold and its moving, SL is to small, but I'm not willing to lose more on a trade.
yes this the point in risk management articles we dont learn things like this
  • #3,783
  • Nov 6, 2020 2:51am Nov 6, 2020 2:51am
Quoting rayoub
{quote} Skol quick qurstion when you place a tight sl , is that about 21 pips give or take a few? Or tighter than that, just trying to tweak my methods sir, when I place too tight of a sl it gets hit immediately
black point was the exact entry and u can see that bottom was not breached it works for me all time when everything is correct from my side.
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  • #3,784
  • Nov 8, 2020 2:05pm Nov 8, 2020 2:05pm
Quoting OwaisJam
{quote} I still need to learn many things but my experience about sl is if you enterd correctly it will never stop pushing untill it gives a reasonable points in short if you are correctly entered forget about sl it will never hit that point again if it does we had wrong analysis i might be wrong but it works for me lets take example of this entry in m5 gold in which i entered late. {image}
Well said bro
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  • #3,785
  • Nov 8, 2020 5:21pm Nov 8, 2020 5:21pm
Trade Idea
Level am watching 1957.32. market is currently above it, am selling down to 1954.32.
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  • #3,786
  • Nov 8, 2020 5:26pm Nov 8, 2020 5:26pm
Quoting BiteFX
Trade Idea Level am watching 1957.32. market is currently above it, am selling down to 1954.32.
Trade Idea
Other Levels am watching for trade actions.
1981.32 if broken upward, buy to 1986.32
1930.32 if broken downward, sell to 1925.32
Stay Alive
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  • #3,787
  • Nov 8, 2020 5:36pm Nov 8, 2020 5:36pm
With market gapping up at open, it shows bullish power. Ancient Japanese candlestick knowledge says...we expect the gap(window) to be closed. Am looking at below that 1957.32 level.
No wahala.
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  • #3,788
  • Nov 8, 2020 6:12pm Nov 8, 2020 6:12pm
Quoting BiteFX
Trade Idea Level am watching 1957.32. market is currently above it, am selling down to 1954.32.
Take Profit reached...just small 30pips.
Am out on this one alive...watching the other levels. Am going back to sleep right about now.
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  • #3,789
  • Nov 9, 2020 6:21am Nov 9, 2020 6:21am
it was crazy ride for GOLD.... WOW...
  • #3,790
  • Nov 9, 2020 6:42am Nov 9, 2020 6:42am
Quoting BiteFX
{quote} Trade Idea Other Levels am watching for trade actions. 1981.32 if broken upward, buy to 1986.32 1930.32 if broken downward, sell to 1925.32 Stay Alive
Take Profit reached...Gold you can go wherever you like, am done for today... Ordinary 50pips again sha.
Sote
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  • #3,791
  • Nov 9, 2020 6:16pm Nov 9, 2020 6:16pm
Trade Idea
Levels am watching...
1876.50 short to 1873.50
1900.50 long to 1905.50
1849.50 short to 1844.50
Stay Alive
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  • #3,792
  • Nov 9, 2020 6:30pm Nov 9, 2020 6:30pm
Quoting BiteFX
Trade Idea Levels am watching... 1876.50 short to 1873.50 1900.50 long to 1905.50 1849.50 short to 1844.50 Stay Alive
You could automate the entries with limit and stop orders, or you could sit with the screen until market gets there. Anyone is Sote.
Just...
Stay Alive
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  • #3,793
  • Nov 10, 2020 7:06pm Nov 10, 2020 7:06pm
Trade Idea
Levels am watching...
1879.69... short to 1876.69
1903.69... long to 1908.69
1852.69... short to 1847.69
Stay Alive
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  • #3,794
  • Nov 11, 2020 3:01am Nov 11, 2020 3:01am
Does anyone know when gold will start to move it is very much dead right now.
  • #3,795
  • Nov 11, 2020 3:23am Nov 11, 2020 3:23am
Quoting OwaisJam
Does anyone know when gold will start to move it is very much dead right now.
Brother, nobody truly knows...that is why personally I set traps at market open and see if it caught something during or at before market closes.

Right now, a breakout is looming. Where? I don't know.
on a H1 TF falling wedge, falling/rising three, pin bar reversal, bullish/bearish engulfing are all playing out.

A breakout is looming...Stay Alive
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  • #3,796
  • Nov 11, 2020 5:35am Nov 11, 2020 5:35am
Quoting BiteFX
{quote} Brother, nobody truly knows...that is why personally I set traps at market open and see if it caught something during or at before market closes. Right now, a breakout is looming. Where? I don't know. on a H1 TF falling wedge, falling/rising three, pin bar reversal, bullish/bearish engulfing are all playing out. A breakout is looming...Stay Alive
Brother you are amazingly good at market knowledge.
M5 is moving it just looked liked not much movement but when i zoomed in it is ok.
Thank you
  • #3,797
  • Nov 11, 2020 6:50am Nov 11, 2020 6:50am
Ok M15 is showing to go for up move not confirmed at this time but i am sure it is gathering power.
  • #3,798
  • Nov 11, 2020 7:48am Nov 11, 2020 7:48am
Quoting OwaisJam
Ok M15 is showing to go for up move not confirmed at this time but i am sure it is gathering power.
I think that way than you, because in 1h chart head and shoulders almoust complete! probably GOLD should go up now!
  • #3,799
  • Nov 11, 2020 8:04am Nov 11, 2020 8:04am
Quoting edybi
{quote} I think that way than you, because in 1h chart head and shoulders almoust complete! probably GOLD should go up now!
i was waiting for confirmation u can say it failed right now according to my system it needs to make all condtions from new so it will take time for up confirmation.
  • #3,800
  • Nov 11, 2020 2:58pm Nov 11, 2020 2:58pm
Quoting OwaisJam
{quote} Brother you are amazingly good at market knowledge. M5 is moving it just looked liked not much movement but when i zoomed in it is ok. Thank you
Thanks for the compliment brother.
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