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  • #47,581
  • Oct 18, 2024 11:16am Oct 18, 2024 11:16am
Quoting fxmasterdxb
my humble advice, do not carry position forward over this weekend, there are strong reports that israel might be hitting iran over the weekend which could result in gap in either direction depending on the severity of the attack

I don't think there will be any attack but it's a good advice. Better to stay safe.
  • #47,582
  • Oct 18, 2024 11:31am Oct 18, 2024 11:31am
Quoting IndianFX
{quote} I don't think there will be any attack but it's a good advice. Better to stay safe.

One of the fewest countries I question if they are pro Israel or not is Iran
  • #47,583
  • Oct 18, 2024 11:39am Oct 18, 2024 11:39am
One day I will be a profitable trader of forex market!! Happy weekend
  • #47,584
  • Oct 18, 2024 11:40am Oct 18, 2024 11:40am
Quoting imhere23
i just did same mistake .. over and over FOMO trading ... holding my trade since 2709 .... of course on sell
Hold it tight. Will get back on target very soon. don't lose hope. Best of luck
  • #47,585
  • Oct 18, 2024 11:49am Oct 18, 2024 11:49am
New to day trading Gold, ater some initial success, i suffered some losses in the last two weeks.

The positive is I found this thread and encouraged this is part of the journey!

Strap in and enjoy the highs and lows!
  • #47,586
  • Oct 18, 2024 12:39pm Oct 18, 2024 12:39pm
Quoting fxmasterdxb
my humble advice, do not carry position forward over this weekend, there are strong reports that israel might be hitting iran over the weekend which could result in gap in either direction depending on the severity of the attack
your advice is helpful, although I don't think Israel would attack.
Trend following
  • #47,587
  • Oct 18, 2024 1:20pm Oct 18, 2024 1:20pm
Last week Status : (+310pip,+75pip,+226pip,-206pip,-333pip) ,Total: +70pip
Last week Win Ratio : 29/57 or %51
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Even though I had two rough days in a row, I still ended up profitable for the week. I know it’s not the most impressive result and it’s pretty close to breaking even, but I see it as a success. The journey to becoming a profitable trader starts with being able to break even. My main goal is to be a profitable trader in the long run. If I take a loss today, I need to keep my focus on my weekly results. If I have a bad week, I should look at the monthly performance, and if I struggle for a month, I have to remember that the yearly results are what really count. The key is to not lose your cool on those tough days or weeks and avoid blowing up your account in one go. I hope every struggling trader realizes that you can have two really bad days and still come out ahead for the week
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Some point for me to consider:
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- 3 out of 4 weekly results were close to breaking even, and I can now see that this isn’t just a coincidence; there’s definitely a pattern here that I need to investigate to understand why it’s happening.
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I didn’t manage to improve on last week’s results.
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I did manage to have more winning days compared to losing ones.
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My win ratio was around 50%. Last month which interesting consistant data
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I promised myself I’d trade less during the euro market hours, but I totally forgot about that—or maybe I just couldn’t resist.
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Just like last week, I noticed a few of my winning trades turned into losses. There’s a pattern emerging, and I need to figure out what’s causing it before I can come up with a solution
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As said, I can see pattern emerging , I need more data on matter I need pay more attention to
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Take care all.
  • #47,588
  • Oct 18, 2024 1:29pm Oct 18, 2024 1:29pm
Hindsight, simple.
  • #47,589
  • Oct 18, 2024 1:32pm Oct 18, 2024 1:32pm
@Orand

If you ask me, you are taking some trades that make no sense. You must understand better the price action and this comes with experience, like there is no magic thing that I can say to you and you magically become better. Just grinding...

And pattern recognition...

Today I made 57 USD on an account that had 420 USD at start, so a little more than 10%. Yesterday was a "bad day" as I made only 20 USD... for a total of 77 USD or roughly 20% of the account. Just to compare
  • #47,590
  • Oct 18, 2024 1:33pm Oct 18, 2024 1:33pm
Quoting mehantrader
{quote} your advice is helpful, although I don't think Israel would attack.
tell me why do you think Israel will not attack Iran?
what they telling you in the local news of the Islamic republic of Iran?
  • #47,591
  • Oct 18, 2024 1:49pm Oct 18, 2024 1:49pm
Quoting NrSLionHeart
@Orand If you ask me, you are taking some trades that make no sense. You must understand better the price action and this comes with experience, like there is no magic thing that I can say to you and you magically become better. Just grinding... And pattern recognition... Today I made 57 USD on an account that had 420 USD at start, so a little more than 10%. Yesterday was a "bad day" as I made only 20 USD... for a total of 77 USD or roughly 20% of the account. Just to compare
Thats good. Do you have any of -10% also ?
  • #47,592
  • Oct 18, 2024 1:50pm Oct 18, 2024 1:50pm
the best guessestimate pa has another 20-40$ from here before it tops, best case scenario for me is mark opening with a gap towards the upper side and pump during asian session before the dump, again those are wishes and hopes nothing to do with the chart
  • #47,593
  • Oct 18, 2024 1:52pm Oct 18, 2024 1:52pm
Quoting Whale
{quote} tell me why do you think Israel will not attack Iran? what they telling you in the local news of the Islamic republic of Iran?
Silver doesn't seem to stop going up ....
  • #47,594
  • Oct 18, 2024 1:53pm Oct 18, 2024 1:53pm
Quoting AlxT
{quote} Thats good. Do you have any of -10% also ?

-10% per day? Those are rookie numbers ... I have days with -50% and rarely -75%...
  • #47,595
  • Oct 18, 2024 1:57pm Oct 18, 2024 1:57pm
Quoting NrSLionHeart
{quote} -10% per day? Those are rookie numbers ... I have days with -50% and rarely -75%...
- stands for ''minus'', yes? My guess, you leverage too much ...
  • #47,596
  • Oct 18, 2024 1:57pm Oct 18, 2024 1:57pm
Quoting AlxT
{quote} Silver doesn't seem to stop going up ....
i dont trade silver.
But wow.. big day for the young brother.
  • #47,597
  • Oct 18, 2024 2:01pm Oct 18, 2024 2:01pm
Quoting Whale
{quote} i dont trade silver. But wow.. big day for the young brother.
It just does not stop. I want to add a sell, but hope for it to stop before.
  • #47,598
  • Oct 18, 2024 2:06pm Oct 18, 2024 2:06pm
Quoting AlxT
{quote} - stands for ''minus'', yes? My guess, you leverage too much ...

Indeed!!! There is no point in doing 1% in profit per day ... like no one has 10 years to go to 100k ...

So casino all the way baby!!!!
  • #47,599
  • Oct 18, 2024 2:07pm Oct 18, 2024 2:07pm
Quoting AlxT
{quote} It just does not stop. I want to add a sell, but hope for it to stop before.
so why to add..

leave it.. let it run and hope for the current position will BE again
  • #47,600
  • Oct 18, 2024 2:18pm Oct 18, 2024 2:18pm
My mother in law prediction until next Friday!
Attached Image (click to enlarge)
Click to Enlarge Name: 248D5043-4B9B-4A7D-A12D-B3394B507635.jpeg Size: 1.4 MB
Behind Every Chart Lies An Opportunity Waiting To Be Uncovered.!!!
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