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  • #3,421
  • Sep 16, 2022 9:13am Sep 16, 2022 9:13am
Gold can rally today if the market predicts that the FED will more likely hike by 75 bps next week
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,422
  • Sep 16, 2022 9:31am Sep 16, 2022 9:31am
Quoting ForexGoose
sold from 1659 before the news, stop loss above 1680, target is the lows of 1600 could be a good or bad decision, I flipped a coin
i made a gambling decision at the slot machine and i am about to be stopped out
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,423
  • Sep 16, 2022 9:47am Sep 16, 2022 9:47am
Quoting aahmad29
{quote} I added position @1683 and then realized that drop is coming so I exit that position. Then I added short position @1684 and next few minutes price hit TP @1672 I added long positions @1669 and will hold that position.
It looks like price is denying the weekly close under 1669 so i have to wait for interest rates reaction on September 21.
Love for all; Hatred for none.
  • #3,424
  • Sep 16, 2022 9:50am Sep 16, 2022 9:50am
1680 is Resistance now.. if it's break then we can see 1695 today
  • #3,425
  • Sep 16, 2022 10:25am Sep 16, 2022 10:25am
Quoting rajupadala
1680 is Resistance now.. if it's break then we can see 1695 today
Looks like they're going to 1580 soon
  • #3,426
  • Sep 16, 2022 11:41am Sep 16, 2022 11:41am
Quoting ForexGoose
{quote} i made a gambling decision at the slot machine and i am about to be stopped out {image}
i didn't get stopped out yet
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,427
  • Edited 4:28pm Sep 16, 2022 2:41pm | Edited 4:28pm
Short position closed
1679 - 1674.60

Adding another Sell limit @1679
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Love for all; Hatred for none.
  • #3,428
  • Sep 16, 2022 3:46pm Sep 16, 2022 3:46pm
Quoting ForexGoose
{quote} i didn't get stopped out yet
What do you think that how much market will dive down on release of interest rates data?
I am wondering that forex market never make it easy for you to make money and if it is so sure that market will dive deep down then it is very predictable.
Today’s bullish move looks like hunting SL or to add more short positions at best price.
Love for all; Hatred for none.
  • #3,429
  • Sep 17, 2022 7:13am Sep 17, 2022 7:13am
Quoting aahmad29
{quote} What do you think that how much market will dive down on release of interest rates data? I am wondering that forex market never make it easy for you to make money and if it is so sure that market will dive deep down then it is very predictable. Today’s bullish move looks like hunting SL or to add more short positions at best price.
I think gold will move down significantly next week before release of interest rate announcement and on the news it'll bounce back to some extent.
  • #3,430
  • Sep 17, 2022 7:27am Sep 17, 2022 7:27am
What criteria and parameters do you consider to call one trader, a professional trader?! (Profit factor! Monthly or Yearly return! or Gross Gain or ...)
Sina
  • #3,431
  • Sep 18, 2022 3:07am Sep 18, 2022 3:07am
Quoting sina.keshawa
What criteria and parameters do you consider to call one trader, a professional trader?! (Profit factor! Monthly or Yearly return! or Gross Gain or ...)
Good question, a 'very' brief summary -

1. Have a good tax advisor.

2. Long-Term vs. Short-Term Capital Gains: An Overview >

When you sell a capital asset for more than its original purchase price, the result is a capital gain. Capital assets include stocks, bonds, precious metals, jewelry, and real estate.1 The tax that you’ll pay on the capital gain depends on how long you held the asset before selling it. Capital gains are classified as either long- or short-term and are taxed accordingly.

It’s important to keep capital gains taxes in mind whenever you sell an asset, especially if you dabble in day trading online. First, any profits that you make are taxable. Second, you may have heard that capital gains are taxed more favorably than other types of income, but that’s not always the case. As mentioned above, it depends on how long you owned those assets before you sold them.

Long-term capital gains are derived from assets that are held for more than one year before they are disposed of. Long-term capital gains are taxed according to graduated thresholds for taxable income at 0%, 15%, or 20%. The tax rate on most taxpayers who report long-term capital gains is 15% or lower.2
Short-term capital gains are taxed just like your ordinary income. That’s up to 37% in 2022, depending on your tax bracket.

https://www.investopedia.com/article...-tax-rates.asp
"Don't Shoot Me I'm Only the Piano Player"
  • #3,432
  • Sep 18, 2022 12:24pm Sep 18, 2022 12:24pm
_______________ Double top in gold ? ! ?
Don’t focus on making $$$, focus on protecting what you have.
  • #3,433
  • Sep 19, 2022 6:32am Sep 19, 2022 6:32am
Quoting ForexGoose
sold from 1659 before the news, stop loss above 1680, target is the lows of 1600 could be a good or bad decision, I flipped a coin
Gold is turning bearish again, but it still could be ranging until the FED decision
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #3,434
  • Edited 7:30am Sep 19, 2022 7:15am | Edited 7:30am
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___________________ TP2 @1671
Don’t focus on making $$$, focus on protecting what you have.
  • #3,435
  • Sep 19, 2022 7:46am Sep 19, 2022 7:46am
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______________________________ TP3 @ = will post mebbe LTR
Don’t focus on making $$$, focus on protecting what you have.
  • #3,436
  • Sep 19, 2022 9:44am Sep 19, 2022 9:44am
The market looks not afraid of the coming decision.
  • #3,437
  • Edited 11:47am Sep 19, 2022 10:24am | Edited 11:47am
_______________ banked all my remainin profits$$$ @ TP2 = hav a new bunch with TP3 @ 1684 = Luckeee spreee - - - NO , IMHO

___________________________ TP4 = will post LTR
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Don’t focus on making $$$, focus on protecting what you have.
  • #3,438
  • Sep 19, 2022 11:05am Sep 19, 2022 11:05am
on h4 timeframe there is chance for breakout on the level of 1690.0. if gold break through this level then bull time begins.
  • #3,439
  • Sep 19, 2022 2:48pm Sep 19, 2022 2:48pm
Quoting aahmad29
{quote} Last time when price was about to break support @1680, i mentioned this candle (August 9,2021) with long wick. You never know that MM's are hiding their long positions in that area. Low of that candle was 1670. If raised interest rate couldn't help the price to break that support then price is gonna go straight to 1840. With increase in interest rate, there is another fear is developing that interest rates are not helping the economy as FED's expected. If price reach 1670 area then i will wait for daily candle to close below 1670 on September...
It may be long wick for this week after interest rates announcement as it was on August 9, 2021.
Love for all; Hatred for none.
  • #3,440
  • Sep 20, 2022 8:40am Sep 20, 2022 8:40am
Quoting ForexGoose
sold from 1659 before the news, stop loss above 1680, target is the lows of 1600 could be a good or bad decision, I flipped a coin
I'm still waiting until I get stopped out or profit
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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