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  • #48,281
  • Oct 23, 2024 2:59am Oct 23, 2024 2:59am
Quoting Orand
{quote} I'm done chasing those big exotic wins. It's just not worth it. I keep getting caught up in the illusion of selling at the peak and riding it down, or adding to my winning trades hoping for a huge win but Instead, I end up turning those into losses, and it's really messing with my head
One of the things I noticed you doing and I think would be good trading if gold wasn't max bullishness is looking for continuation on sells, but right now sells give minimal continuation, so if you're not on the initial move...well life is rough.
  • #48,282
  • Oct 23, 2024 3:05am Oct 23, 2024 3:05am
Quoting Neowarcloud
{quote} One of the things I noticed you doing and I think would be good trading if gold wasn't max bullishness is looking for continuation on sells, but right now sells give minimal continuation, so if you're not on the initial move...well life is rough.
that was the idea but i get punished every time so i just give up,
  • #48,283
  • Oct 23, 2024 3:26am Oct 23, 2024 3:26am
When interest rates fall, gold tends to rise due to its increasing attractiveness as a safe-haven asset.

  1. Goldman Sachs analysts expect gold to reach about $2,900 per ounce by early 2025, a 7.41% increase from its current price.

  • #48,285
  • Oct 23, 2024 3:28am Oct 23, 2024 3:28am
Quoting MrFanciful
{quote} I was £1200 up on the month, now I'm £100. There goes my engagement ring money. Fuck. I'm not a FOMO trader so This is killing me. Buying at all time highs after a $2 retracement doesn't come easy.
This made me laugh heartily. I wish with all my heart that God provides the money for you one way or another. Happy engagement bro.
  • #48,286
  • Oct 23, 2024 3:34am Oct 23, 2024 3:34am
Quoting Mitiblotch
{quote} This made me laugh heartily. I wish with all my heart that God provides the money for you one way or another. Happy engagement bro.
Cheers dude.
  • #48,287
  • Oct 23, 2024 3:40am Oct 23, 2024 3:40am
Looking like another blown account today.

Just never seem to learn
  • #48,288
  • Oct 23, 2024 3:41am Oct 23, 2024 3:41am
Quoting Orand
long at 2752.50 Sl :2748.50 Tp : 2755.50(Closed at 2754.50) (+20pip) --------------------------- Sell limit at : 2755 (filled) Sl :2759 Tp:2752 -------------------------
Sl for open position changed to 2760.50
------------------------
add short at 2757.50
Sl : 2760.50
Tp : 2752
-----------------------
  • #48,289
  • Oct 23, 2024 3:42am Oct 23, 2024 3:42am
Quoting Orand
{quote} that was the idea but i get punished every time so i just give up,
Buy then!
  • #48,290
  • Oct 23, 2024 3:43am Oct 23, 2024 3:43am
Quoting PatienceFx
When interest rates fall, gold tends to rise due to its increasing attractiveness as a safe-haven asset. Goldman Sachs analysts expect gold to reach about $2,900 per ounce by early 2025, a 7.41% increase from its current price.
Goldman usually say similar just before it does the opposite.
Que Sera
  • #48,291
  • Oct 23, 2024 3:43am Oct 23, 2024 3:43am
Really crazy bullishness. I mean look at the daily/monthly chart. It doesn’t even look very healthy. No worth mentioning retracement nothing.
The Candles are shooting up every day and every day. I know that the trend is bullish, but we are speaking about a change of more than 30% + from january. It has to come down at some point, but when and how much is the question. Will we ever see numbers like 2400-2100 again in the near future? I doubt it alot atm…
  • #48,292
  • Oct 23, 2024 3:44am Oct 23, 2024 3:44am
Quoting mallee
Looking for 28, people cashing in{image}
Where them bears at?
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  • #48,293
  • Oct 23, 2024 3:47am Oct 23, 2024 3:47am
Quoting Orand
{quote} that was the idea but i get punished every time so i just give up,
Do not enter multiple orders, this leads to a trade marriage. Just put max 2-3 only.

Any more than that and it will blind your mind on the current situation. Trade realtime and flow with the realtime.
The market hides a perfect geometry.
  • #48,294
  • Oct 23, 2024 3:51am Oct 23, 2024 3:51am
Quoting Haks
Looking like another blown account today. Just never seem to learn
don't rush take your time, avoid the fomo, don't over extend your leverage, have a fixed acc % to risk on every trade, have clear and fixed SL, and most importantly have a plan that works for some time, tested in a demo acc and probably (not sure if it's the case) stop trading lower TF's until you at least make some money consistently

best of luck, don't give up, but also stop doing what your doing
  • #48,295
  • Oct 23, 2024 3:52am Oct 23, 2024 3:52am
Quoting FulMargnAlch
{quote} Do not enter multiple orders, this leads to a trade marriage. Just put max 2-3 only. Any more than that and it will blind your mind on the current situation. Trade realtime and flow with the realtime.
yeah, that really messed with my head. I had too many winning trades in the last two weeks which turn losers and it all blow up in my face because I was trying that. It made me start doubting myself.
  • #48,296
  • Oct 23, 2024 3:55am Oct 23, 2024 3:55am
PA is long and even a fool can figure it out. If someone uses indicators whatever they are it is impossible for them to give short unless one uses an oscillator (RSI, STOCHASTIC, WPR). In the latter case, if he uses them he simply hasn't understood how to use them. it is obvious that in such a growing trend the oscillator goes overbought but when it goes oversold look at the price as it has fallen slightly this is a signal that the oscillator has unloaded and is ready to rise again with another buy. I think there are a lot of masochists in here who enjoy burning accounts.
  • #48,297
  • Oct 23, 2024 3:56am Oct 23, 2024 3:56am
I am waiting for this. Simple. Should coincide with election run up & pull back.
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Que Sera
  • #48,298
  • Oct 23, 2024 3:58am Oct 23, 2024 3:58am
Quoting Orand
{quote} yeah, that really messed with my head. I had too many winning trades in the last two weeks which turn losers and it all blow up in my face because I was trying that. It made me start doubting myself.
Welcome to the club. That's why you can only say you have a winning strategy after forward-testing it for months with hundreds of trades as a sample, that would include very bad trading conditions for your system (and way to survive it). That includes a detailed strategy for every outcome, including position sizing, timing, stop loss (R) optimization and so on. It's a lot of boring work. Not to mention that market changes over time, thus you have to adapt your SL/TP on monthly (or 100 trade sample) basis, especially if you do daytrading like most of traders here.

Btw most of my trades are winners before they turn sour. Very seldom do I have a trade losing from the get go.
  • #48,299
  • Oct 23, 2024 4:01am Oct 23, 2024 4:01am
Quoting Catempire
I am waiting for this. Simple. Should coincide with election run up & pull back. {image}
what do you mean? Retracement till?
  • #48,300
  • Oct 23, 2024 4:02am Oct 23, 2024 4:02am
Quoting azhantahir
{quote} Welcome London Open. Waiting is very painful. Lots of time has been wasted. Last day, waiting to become an intraday seller, but nothing. .So pity but nothing to lose. Lastly, Gold makes another HH. HH means good news. Today, Gold gifts another sign. Not once but twice. So impressive. Just a personal opinion. Trade safe. {image}

To become a seller, we need to look deeply at the rejection. Once rejection happens, it could be a probability. Valid or fake? Need confirmations. Waiting is the BEST method. It depends, on how long it will happen. Don't just enter for it. I'm still waiting for it, but at the same time, I have work to do. Trade safe
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Look right, we'll see the signs
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