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  • #47,301
  • Oct 17, 2024 9:44am Oct 17, 2024 9:44am
Quoting Catempire
Rachel Reeves sparks gold rush ahead of expected Budget tax raid (msn.com)
that makes sense… but how many millionaires r rushing to buy gold coins… most have decent tax planning advisors and offshore routes
  • #47,302
  • Oct 17, 2024 9:46am Oct 17, 2024 9:46am
Quoting NrSLionHeart
There should be an intermediary top in like 55 mins - 15.50 GMT at 2697-2699 or so. After that a fall, and then the real top. Let's see if I am right...

As predicted!!!
  • #47,303
  • Oct 17, 2024 9:47am Oct 17, 2024 9:47am
Buy again
Attached Image (click to enlarge)
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Holy Betting Grail strategy
  • #47,304
  • Oct 17, 2024 9:47am Oct 17, 2024 9:47am
Quoting NrSLionHeart
@Hacks I will tell you what I do once I blow an account. 1. I analyze WHY I have blown it. Like in your case you used a Martingale which works 95% of the time and you got into that 5% of cases. 2. I think on WHAT to do to be a better trader. 3. I study some new strategies and ideas maybe I can find something that can help me move forward. 4. Open a demo account and trade on it like 2-4 weeks. 5. Open a real money account and give it a try with an updated strat and mindset. I hope it helps. NOTE: price is going up and will still go up, so practically...
Thanks for the advice. I've actually done this so many times and my trading got way better.

I don't quite understand why I even took this trade in the first place. Like a rush of blood. I was actually done with trading on that day.

I guess overtrading played a part. And that was part of my dos and don'ts and I went against that.

Will go take a walk and reflect. Extremely painful
  • #47,305
  • Oct 17, 2024 9:48am Oct 17, 2024 9:48am
Quoting HalikiqeoVN
{quote} yes 2737-2747 seems far but the day frame limit is here so i have to be patient . either wait or don't trade . the market is crazy . the fed prints money but the whole world buys usd because it suits the political tension . the fed gets rich so easily when they wipe out our accounts
My friend, if Fed can just print money, why they even care about our little account, why they must get rich anyway? As simple as if you have too much food in storage why you need to worry about everyday? It's a myth based on false premise. The only one benefits when you lose is your broker. Just be sensible and and focus on your plan to trade, not on the myth that there're always someone so obsessed in taking all your money.
  • #47,306
  • Oct 17, 2024 9:49am Oct 17, 2024 9:49am
Quoting Haks
{quote} Thanks for the advice. I've actually done this so many times and my trading got way better. I don't quite understand why I even took this trade in the first place. Like a rush of blood. I was actually done with trading on that day. I guess overtrading played a part. And that was part of my dos and don'ts and I went against that. Will go take a walk and reflect. Extremely painful

Yep. story of my life...
  • #47,307
  • Oct 17, 2024 9:53am Oct 17, 2024 9:53am
according to my analysis, pa should be topping temporarily between 2700-2710
  • #47,308
  • Oct 17, 2024 9:56am Oct 17, 2024 9:56am
Quoting fxmasterdxb
according to my analysis, pa should be topping temporarily between 2700-2710
OI data 2720 or 2740,,, after that only GOD knows
  • #47,309
  • Oct 17, 2024 9:57am Oct 17, 2024 9:57am
Quoting Interesting0
{quote} that makes sense… but how many millionaires r rushing to buy gold coins… most have decent tax planning advisors and offshore routes
offshore routes are only really available for the UHNWI nowadays… I know a few F/A’s who deal with HNWI’s and they don’t use them anymore.

since the Panama papers were brought out there has been a crackdown on the rules & loopholes.
Que Sera
  • #47,310
  • Oct 17, 2024 9:59am Oct 17, 2024 9:59am
Quoting azhantahir
SELL GOLD BELOW 2683 SL CURRENT HH. TP OPEN {image}
Float.
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Look right, we'll see the signs
  • #47,311
  • Oct 17, 2024 10:00am Oct 17, 2024 10:00am
Quoting azhantahir
{quote} Float. {image}

Happens to the best of us!!!
  • #47,312
  • Oct 17, 2024 10:02am Oct 17, 2024 10:02am
another step towards 31000 taken
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  • #47,313
  • Oct 17, 2024 10:04am Oct 17, 2024 10:04am
Quoting Haks
Here it is just before account was blown {image}
the worst thing in trading is the fear of missing a trade and hence missing profits, sometimes you tell yourself i knew i should have shorted/longed the pa, it would have generated me “xxx”usd and hence when you see similar setup in future (although not fitting your trade rules) your subconscious mind tells you to go for it in order not to miss such opportunity again!

you need to train yourself, missed chances does not equal to loss of money, its the other way around.

I hope you recover and bounce back

edit: one more thing i used to do earlier is to set unreleastic targets for myself, like i need to make 5k this week so i spend it on x thing, the next thing you see you keep stressing yourself, overtrading, imaging setups or trying to jump on a trade before the setup is complete, the result? Most probably you’ll your whole capital
  • #47,314
  • Oct 17, 2024 10:04am Oct 17, 2024 10:04am
Quoting PatienceFx
another step towards 31000 taken {image}
i was sleeping so i missed the 2675 fresh buy level
  • #47,315
  • Oct 17, 2024 10:07am Oct 17, 2024 10:07am
The common mistakes is that we seem to always misunderstand the basics of everything. Sometimes a few good experienced traders pass by this thread and remind us that Gold is an asset, a commodity and definitely not a currency. Just because the pair is XAU/USD this doesn't mean that they stand opposite to each other. So it's very easy to have some shorts on gold because yields rise or something else. So sorry for them, if they put that prospect to trade order currency pairs like GPB/USD EUR/USD they should have made millions for now. And yet they jump on gold thinking it a liquid water just likes Scrooge McDuck.
  • #47,316
  • Oct 17, 2024 10:17am Oct 17, 2024 10:17am
Quoting PushnPull
The common mistakes is that we seem to always misunderstand the basics of everything. Sometimes a few good experienced traders pass by this thread and remind us that Gold is an asset, a commodity and definitely not a currency. Just because the pair is XAU/USD this doesn't mean that they stand opposite to each other. So it's very easy to have some shorts on gold because yields rise or something else. So sorry for them, if they put that prospect to trade order currency pairs like GPB/USD EUR/USD they should have made millions for now. And yet they...
glad someone understood my 31000 call
  • #47,317
  • Oct 17, 2024 10:17am Oct 17, 2024 10:17am
Quoting azhantahir
{quote} Float. {image}
Time to recover. Waiting for a retracement. Hopefully.
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Look right, we'll see the signs
  • #47,318
  • Oct 17, 2024 10:23am Oct 17, 2024 10:23am
Quoting fxmasterdxb
{quote} edit: one more thing i used to do earlier is to set unreleastic targets for myself, like i need to make 5k this week so i spend it on x thing, the next thing you see you keep stressing yourself, overtrading, imaging setups or trying to jump on a trade before the setup is complete, the result? Most probably you’ll your whole capital
Yep!!! That is me...
  • #47,319
  • Oct 17, 2024 10:31am Oct 17, 2024 10:31am
everytime a wave touches +161.8 a chance of retracement begins

like this on on m5
Attached Image(s) (click to enlarge)
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  • #47,320
  • Oct 17, 2024 10:41am Oct 17, 2024 10:41am
New Geo political facts could lead for a short..

this is not a trade recommendation..
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