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  • #15,441
  • Aug 14, 2023 7:21am Aug 14, 2023 7:21am
Quoting Ashwani
Next target 1900
_________________
Don’t focus on making $$$, focus on protecting what you have.
  • #15,442
  • Aug 14, 2023 7:24am Aug 14, 2023 7:24am
i closed my sell limit at 1915.78 too early, but its okay.

i dont wanna fomo.
Trading is very lonely
  • #15,443
  • Aug 14, 2023 7:27am Aug 14, 2023 7:27am
Quoting profits7
{quote} _________________
And may more, so 'be 'set and forget!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #15,444
  • Aug 14, 2023 7:28am Aug 14, 2023 7:28am
Quoting sharingan9
{quote} Value found at the bottom of US session yet again since perception of value was still price at lower prices and the down move I anticipated happened in US session. Value keeps being found at low prices. {image}
Quoting sharingan9
Value was found below the monthly S1. A move down from monthly middle pivot suggest bearish strength with target to monthly S1. After a move down from monthly pivot, a break below monthly S1 suggest even more bearish strength with target to monthly S2(1866). So we may go extremely low on gold even before August ends if the perception of value persists.
Going long in this strong bearish strength sentiment is dangerous. Don't unless you know what you are doing. Could go down to the monthly S2(1866). Trade value not price.

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  • #15,445
  • Aug 14, 2023 7:34am Aug 14, 2023 7:34am
Quoting Murugesh29
{quote} Thats why i subscribed! Trade safe
Collected some, waiting for next round
Its all about Timing!!!
  • #15,446
  • Aug 14, 2023 7:37am Aug 14, 2023 7:37am
Gold [Timeframe Monthly] Will correction to 1775 until November but must first [closing] under point 1907 and can't move up reach point [closing] above 1965. But the trigger is interest rate the FED US must up so the Gold Will correction.
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  • #15,447
  • Aug 14, 2023 7:38am Aug 14, 2023 7:38am
Quoting d1zzy
{quote} Discipline. Discipline. Discipline. Last week for instance literally took 1 trade coz I didn’t want to break my rules, as a short seller I could have entered any moment but I didn’t coz my rules weren’t met and when they were I wasn’t in front of the computer to execute the trade. So set yourself some rules, entry and exit rules mainly. And maintain discipline there’s literally nothing else you can do to control yourself. Maybe read that book atomic habits by James Clear.
You are right, but you need new rules my friend. If you only saw one instance all week that tells me you have very stringent rules, and probably blew an account or two. The problem with that is that when you do enter a trade, your money management is probably tight, so when you do advance it is oh 3 to 5 percent? At that rate you might as well buy a security and spend your days at the beach IMO. I suggest you demo more. Trade daily in demo, and you will not only gain confidence, but more opportunities will present themselves as it is just a game in demo. The goal is to generate income. Not to "not blow an account" know what I mean. I mean there are like 50 pairs and you only saw one setup? I admire your discipline if that is truly what it is.
Don't compare your trades to others. Most often the masses are the asses
  • #15,448
  • Aug 14, 2023 7:41am Aug 14, 2023 7:41am
Quoting OBsayMkMoney
{quote} You are right, but you need new rules my friend. If you only saw one instance all week that tells me you have very stringent rules, and probably blew an account or two. The problem with that is that when you do enter a trade, your money management is probably tight, so when you do advance it is oh 3 to 5 percent? At that rate you might as well buy a security and spend your days at the beach IMO. I suggest you demo more. Trade daily in demo, and you will not only gain confidence, but more opportunities will present themselves as it is just...
Lol, appreciate it, have yourself a nice day cheers

Im a little frustrated rn probably not the best time to reply to this, but my money management is fine. I never squeeze or trade full margin. If you read my post you would know that I mentioned missing executing trades because I was away from my computer. I've been trading for a few years now, way past the demo stage lol. And yes blew 2 accounts but who doesn't? Those are battle scars I'm proud to wear please don't come at me with your advice on managing MY money. Cheers

Also it's a personal preference for me to take only shorts, I don't take longs unless I'm really bored and there's a big a** signal or I'm going long to go short coz that's how the market structure is.
  • #15,449
  • Aug 14, 2023 7:46am Aug 14, 2023 7:46am
that drive down is only for scalping buy... it will drive more today or tomorrow.
Trading is very lonely
  • #15,450
  • Aug 14, 2023 7:50am Aug 14, 2023 7:50am
was thinking not below 08(?)
wrong
bought at 07.01
dolce vita
  • #15,451
  • Aug 14, 2023 7:54am Aug 14, 2023 7:54am
Quoting d1zzy
{quote} Lol, appreciate it, have yourself a nice day cheers Im a little frustrated rn probably not the best time to reply to this, but my money management is fine. I never squeeze or trade full margin. If you read my post you would know that I mentioned missing executing trades because I was away from my computer. I've been trading for a few years now, way past the demo stage lol. And yes blew 2 accounts but who doesn't? Those are battle scars I'm proud to wear please don't come at me with your advice on managing MY money. Cheers Also it's...

No worries fam. Frustrated..... says it all. Be safe.
Don't compare your trades to others. Most often the masses are the asses
  • #15,452
  • Aug 14, 2023 7:57am Aug 14, 2023 7:57am
Quoting OBsayMkMoney
{quote} No worries fam. Frustrated..... says it all. Be safe.
Not your 'fam' and no it doesn't. Have yourself a nice day
  • #15,453
  • Aug 14, 2023 8:01am Aug 14, 2023 8:01am
found another potential shorts
1912.56
Trading is very lonely
  • #15,454
  • Aug 14, 2023 8:01am Aug 14, 2023 8:01am
looking to go long
short trump and go long the deepstate
  • #15,455
  • Aug 14, 2023 8:05am Aug 14, 2023 8:05am
gold gona be much lower to 1800 but will crash below 1900 from much hier level like 1925/30... not enough momentum or profit for hedge funds to start its fall below 1900 from this paltry level
short trump and go long the deepstate
  • #15,456
  • Aug 14, 2023 8:26am Aug 14, 2023 8:26am
soi trying to hold for a last time before test 1902/00/1892+ , likely not success for long time. now bounce from 19-06 to decode ,. a last leg up towards 109.50 before after bear continue possible !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #15,457
  • Aug 14, 2023 8:31am Aug 14, 2023 8:31am
Quoting luckytujuh
found another potential shorts 1912.56

but it seem unreal to reach there
Trading is very lonely
  • #15,458
  • Aug 14, 2023 8:54am Aug 14, 2023 8:54am
buy limit 1900

which will probably miss me by pennies like last nite


if that dont hit woill go long on hourly close of 1906
short trump and go long the deepstate
  • #15,459
  • Aug 14, 2023 8:58am Aug 14, 2023 8:58am
I might be wrong, but I'm getting a buy signal from my indicators.
I opened a small long in 1903.5 targeting 1909. Let's see.
  • #15,460
  • Aug 14, 2023 8:59am Aug 14, 2023 8:59am
Quoting d1zzy
{quote} Lol, appreciate it, have yourself a nice day cheers Im a little frustrated rn probably not the best time to reply to this, but my money management is fine. I never squeeze or trade full margin. If you read my post you would know that I mentioned missing executing trades because I was away from my computer. I've been trading for a few years now, way past the demo stage lol. And yes blew 2 accounts but who doesn't? Those are battle scars I'm proud to wear please don't come at me with your advice on managing MY money. Cheers Also it's...
What matters is how many set ups you are satisfied with, how accurate they are and how far they move. It is okay to have only one set up a week however it has to be very accurate. It is even better if the set up is easy to spot and generates large moves. For instance I scan 65 assets a day and I get an average of 1-3 trades per week. However that is fine for me because I know my set ups are very accurate which means i can risk more per trade. I'd rather 1-3 accurate trades 100% winrate for the week than 60 trades a week trading at 70%. What is even better is that your limited trades per week are capable of large moves so you can maximize profits. If you take 2 trades in a week but each trade had a reward to risk ration of 5 to 1, it is basically like you took 10 trades.

I took a short setup on gold on Aug 4th and because i was confident price would go down, I added more positions as it retraced and i kept dragging my stops as price kept falling in the direction of value. Now price is in free fall searching for value at even lower prices netting me a 5 to 1 reward to risk already. I will keep dragging stops as we go further down.

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No pressure no fear no wondering if I should close positions because I know im on the side of value. If you are confident in the direction you can most certainly trade only a few set ups per week. What is even better is all my set ups are exactly the same. Same rues every trade. I dont trade unless i see these rules satisfied.
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