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  • #51,501
  • Nov 13, 2024 11:28am Nov 13, 2024 11:28am
Quoting Whale
{quote} real account.. some days are great, some days are nightmare {image}
See, always first of the day look at the upper time frame, see the strength of the trend, and then in the smaller time frame, only open trades in the direction of the upper time frame and leave the trades in the opposite direction, eventually your winnings will increase over time - in fact, I must say, don't be greedy and a Set a daily profit limit for yourself
Just love God and work hard in what you want, then your wishes will come tr
  • #51,502
  • Nov 13, 2024 11:32am Nov 13, 2024 11:32am
Quoting NrSLionHeart
{quote} Try entering long around 2570? with a stop loss of 2559 ?? We just hit 2577, I would dare say that 2570 is all but guaranteed!!!
the only thing you need to know is your edge.
Trading contains a lot of ego, between you and yourself and of course you post your trades in the forum. Sometimes you have to know where to release , drink a glass of cold water, go to bed, and start again tomorrow.
  • #51,503
  • Nov 13, 2024 11:35am Nov 13, 2024 11:35am
Quoting Whale
{quote} the only thing you need to know is your edge. Trading contains a lot of ego, between you and yourself and of course you post your trades in the forum. Sometimes you have to know where to release , drink a glass of cold water, go to bed, and start again tomorrow.

Correct, the problem is that the grinding mindset that makes you a winner is the same mindset that makes you a looser.

Again, here is trader Dante, and the guy know what he is talking about:

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  • #51,504
  • Nov 13, 2024 11:38am Nov 13, 2024 11:38am
For the new traders here - a summary of the account where I just lost 52k:

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Check the order win rates!!!! and compare with yours...
  • #51,505
  • Nov 13, 2024 11:50am Nov 13, 2024 11:50am
Quoting Haks
{quote} Haha are you still holding???
maybe I should trust my analysis a bit more
  • #51,506
  • Nov 13, 2024 12:00pm Nov 13, 2024 12:00pm
Quoting Haks
Quick scalps!!! Might jump back in if we get a glimpse of 263x - 264x {image}
Update for the day!

Just posting this for motivation for anyone out there that might be feeling like giving up on trading or have no hope.

No matter how much you might have lost, with time you can get back on your feet gradually.

Lost 12k back in August, managed to make most of it back last month but hit a brick wall once I hit 8k and lost that also. Started from scratch again 2 weeks ago and since then I’ve gradually made nearly everything back and currently sitting on just over 10k again.

Just hope this inspires and encourages someone out there.
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  • #51,507
  • Nov 13, 2024 12:01pm Nov 13, 2024 12:01pm
Quoting oliverlee
{quote} maybe I should trust my analysis a bit more
You are still holding right? So you should be smiling
  • #51,508
  • Nov 13, 2024 12:09pm Nov 13, 2024 12:09pm
Quoting Haks
{quote} You are still holding right? So you should be smiling
This is exactly what is needed for this market. Motivation - Thank you for thinking of others and sharing your experience - I hope you will be more successful than before and get more victories.
Just love God and work hard in what you want, then your wishes will come tr
  • #51,509
  • Nov 13, 2024 12:11pm Nov 13, 2024 12:11pm
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  • #51,510
  • Nov 13, 2024 12:15pm Nov 13, 2024 12:15pm
Quoting Haks
{quote} You are still holding right? So you should be smiling
I did take a very small profit yes. A great learning curve to enter at 2593 and ride it all the way up to 2620 and then back down to 2588.

I need some time away
  • #51,511
  • Nov 13, 2024 12:17pm Nov 13, 2024 12:17pm
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Learn... Work Hard... Trade Alone
  • #51,512
  • Nov 13, 2024 12:18pm Nov 13, 2024 12:18pm
Quoting ya30ien
{quote} This is exactly what is needed for this market. Motivation - Thank you for thinking of others and sharing your experience - I hope you will be more successful than before and get more victories.
Thanks bro. It’s the least we can do to offer support to other traders out there.
  • #51,513
  • Nov 13, 2024 12:21pm Nov 13, 2024 12:21pm
Quoting oliverlee
{quote} I did take a very small profit yes. A great learning curve to enter at 2593 and ride it all the way up to 2620 and then back down to 2588. I need some time away
Luckily you had enough equity to keep you in the game
  • #51,514
  • Nov 13, 2024 12:51pm Nov 13, 2024 12:51pm
I am still short on Gold, I set the SL at 2590 (from 2642 so I would get a profit even if price hits it), and updated the TP at 2519 (that would be the last level that I expect price to hit in case the H&S plays out all the way (that is if tomorrow Powell will announce the rate cut for December). In case things go sideways and Fed announces they will not lower the interest rate next month I expect Gold to consolidate anywhere between 2574 - 2600

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  • #51,515
  • Nov 13, 2024 1:16pm Nov 13, 2024 1:16pm
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Learn... Work Hard... Trade Alone
  • #51,516
  • Nov 13, 2024 2:16pm Nov 13, 2024 2:16pm
Quoting Asylum1
{image}
stop be now
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  • #51,517
  • Nov 13, 2024 2:34pm Nov 13, 2024 2:34pm
Quoting Asylum1
{quote} stop be now {image}
Can you tell me what is the strategy for the purchase that closes at 2588 and what is your reasoning? thank you
Just love God and work hard in what you want, then your wishes will come tr
  • #51,518
  • Nov 13, 2024 2:36pm Nov 13, 2024 2:36pm
https://www.forexfactory.com/thread/...7#post15058187
XAUUSD H4
on the road to <2400
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short
active 2785,2784,2783,2709 =same like link above (they all have SL in win)
long
near 2540 I consider adding cautious longs. If they are significantly detrimental, they will be closed.
All shorts known here are retained.
Intraday (open&closed) trades and pending orders are no longer specified here.

assets, 1 day
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Good luck to everyone
  • #51,519
  • Nov 13, 2024 2:43pm Nov 13, 2024 2:43pm
Quoting ya30ien
{quote} Can you tell me what is the strategy for the purchase that closes at 2588 and what is your reasoning? thank you
its a liquidity grab around a long term trend line 4hr
  • #51,520
  • Nov 13, 2024 2:46pm Nov 13, 2024 2:46pm
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