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  • #17,361
  • Aug 31, 2023 2:21am Aug 31, 2023 2:21am
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We cut the winners short and let the losers run.
  • #17,362
  • Aug 31, 2023 2:30am Aug 31, 2023 2:30am
Lets wait for it to catch liquidity on top before entering sells. Potential 1952-1955
Trading is very lonely
  • #17,363
  • Aug 31, 2023 2:32am Aug 31, 2023 2:32am
Quoting luckytujuh
Lets wait for it to catch liquidity on top before entering sells. Potential 1952-1955
Waiting long! Atlast orange impact!!
Its all about Timing!!!
  • #17,364
  • Aug 31, 2023 2:37am Aug 31, 2023 2:37am
Quoting Murugesh29
{quote} Waiting long! Atlast orange impact!!

Too much talking i guess.
Trading is very lonely
  • #17,365
  • Aug 31, 2023 2:41am Aug 31, 2023 2:41am
But i really meant it when i say lets wait for liquidity. Because u can see during tokyo. Price action trying so hard to break yesterday high. Then right now london. Its not even trying to break yesterdays lows. Instead bulls are pushing it back up. If this h4 closes above 45. Its a potential liquidity grab above.
Trading is very lonely
  • #17,366
  • Aug 31, 2023 3:03am Aug 31, 2023 3:03am
it seems price wants data dose ... lets see in a few hours
  • #17,367
  • Aug 31, 2023 3:04am Aug 31, 2023 3:04am
Quoting luckytujuh
But i really meant it when i say lets wait for liquidity. Because u can see during tokyo. Price action trying so hard to break yesterday high. Then right now london. Its not even trying to break yesterdays lows. Instead bulls are pushing it back up. If this h4 closes above 45. Its a potential liquidity grab above.
Following you all with eager anticipation of what comes next, on the sideline, hoping it will fall, but otherwise we start over and become better, always learning
"Who Dares Wins"
  • #17,368
  • Aug 31, 2023 3:17am Aug 31, 2023 3:17am
Quoting Ravenfeeder
{quote} Following you all with eager anticipation of what comes next, on the sideline, hoping it will fall, but otherwise we start over and become better, always learning
i've found that keeping at least one profitable position after taking partials keeps you on the right path .. then keep it as long as price might go short or long
  • #17,369
  • Aug 31, 2023 3:18am Aug 31, 2023 3:18am
Quoting luckytujuh
Lets wait for it to catch liquidity on top before entering sells. Potential 1952-1955
I think it will hit 1955 in us session
  • #17,370
  • Aug 31, 2023 3:21am Aug 31, 2023 3:21am
Quoting David-Roddel
{quote} i've found that keeping at least one profitable position after taking partials keeps you on the right path .. then keep it as long as price might go short or long

Ah the compounding method is good man. But subjected your broker is swap free for both position. Else dont compund if there is swap
Trading is very lonely
  • #17,371
  • Aug 31, 2023 3:31am Aug 31, 2023 3:31am
Quoting luckytujuh
{quote} Ah the compounding method is good man. But subjected your broker is swap free for both position. Else dont compund if there is swap
Of course.. swap can be in your favor or not
  • #17,372
  • Aug 31, 2023 3:34am Aug 31, 2023 3:34am
Quoting David-Roddel
{quote} Of course.. swap can be in your favor or not

There are a few brokers that offer swap free, but their leverage tempt me. Its always 1:1000 or 1:2000
Trading is very lonely
  • #17,373
  • Aug 31, 2023 3:41am Aug 31, 2023 3:41am
Quoting luckytujuh
{quote} There are a few brokers that offer swap free, but their leverage tempt me. Its always 1:1000 or 1:2000
Yeah I know, too much to be good .. my current swaps are like this ... (I speak Spanish so my GUI is Spanish )
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  • #17,374
  • Aug 31, 2023 3:45am Aug 31, 2023 3:45am
Quoting David-Roddel
{quote} i've found that keeping at least one profitable position after taking partials keeps you on the right path .. then keep it as long as price might go short or long
Thank you for your kind words and insight! I do prefer hedging, although then I must avoid the trap of opening up too many positions, but your idea I have been thinking about, opening up more positions in the same direction ONLY when the older position is deep in profit and TP gets moved to BE at least in case it turns around. also have learned using buy and sell stops till recently, so I like having them in place in case a price doesn't rebound.

Also, I used to be charged for swaps on holding Longs, but my broker (HFM) recently took that away, could be due to platinum status achieved, but also cannot gain positive swap on shorts either. But that's better anyways, then one can hold longs if necessary.
"Who Dares Wins"
  • #17,375
  • Aug 31, 2023 3:46am Aug 31, 2023 3:46am
If euro unemployment is bad , could be a catalyst for gold strength in general, it means rate cuts are coming.
  • #17,376
  • Aug 31, 2023 3:49am Aug 31, 2023 3:49am
Quoting Ravenfeeder
{quote} Thank you for your kind words and insight! I do prefer hedging, although then I must avoid the trap of opening up too many positions, but your idea I have been thinking about, opening up more positions in the same direction ONLY when the older position is deep in profit and TP gets moved to BE at least in case it turns around. also have learned using buy and sell stops till recently, so I like having them in place in case a price doesn't rebound. Also, I used to be charged for swaps on holding Longs, but my broker (HFM) recently...

Ive tried HFM before. The spread are beautiful zero spread but the commision for gold is $14 per lot. I stop with them because the website loads very slow everytime
Trading is very lonely
  • #17,377
  • Aug 31, 2023 3:58am Aug 31, 2023 3:58am
Quoting Ravenfeeder
{quote} Thank you for your kind words and insight! I do prefer hedging, although then I must avoid the trap of opening up too many positions, but your idea I have been thinking about, opening up more positions in the same direction ONLY when the older position is deep in profit and TP gets moved to BE at least in case it turns around. also have learned using buy and sell stops till recently, so I like having them in place in case a price doesn't rebound. Also, I used to be charged for swaps on holding Longs, but my broker (HFM) recently...
Yep i have done hedging before, not my style but is a tool or strategy you can use at some point for sure ... Ive been working at opening 3 positions same direction and same level.. short, middle and long term ... in my statistics long term are difficult but short and middle completes most of the time
  • #17,378
  • Aug 31, 2023 4:05am Aug 31, 2023 4:05am
Very appreciate to read real good insights and others methods about trading
  • #17,379
  • Aug 31, 2023 4:07am Aug 31, 2023 4:07am
Quoting luckytujuh
{quote} Ive tried HFM before. The spread are beautiful zero spread but the commision for gold is $14 per lot. I stop with them because the website loads very slow everytime
$14 per lot?... that's crazy
  • #17,380
  • Aug 31, 2023 4:12am Aug 31, 2023 4:12am
Well gold is certainly stronger but usd doesn't give a fuck lol
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