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Gold with thedaytrader

  • #41
  • Aug 19, 2025 3:15am Aug 19, 2025 3:15am
fist thing i am making clear is .....I am New person too not an expert at all and in the supplay and demand conecpt.........
SO breaking every thing down

here was a orderblock alot of people will be buying from the orderblock test the first time and targeting the prev high .........
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i thought it was inducement

and good amount of liquidity was below that level too as all sl of people who bought from the orderblock will have been there
so genrally my idea was to buy below the low ( and as my current plan too) becz that small order block lead to an Break of structure
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so as you know market move towards the liquidity
market tried to get to that liquidity but was unable to and took everyones sl and retested the zone and went up........


and about the how to draw supply and demand its vastly available on internet sh!t ton of content on it ...................
  • #42
  • Aug 19, 2025 3:25am Aug 19, 2025 3:25am
Quoting notabdullah1
fist thing i am making clear is .....I am New person too not an expert at all and in the supplay and demand conecpt......... SO breaking every thing down here was a orderblock alot of people will be buying from the orderblock test the first time and targeting the prev high .........{image} i thought it was inducement and good amount of liquidity was below that level too as all sl of people who bought from the orderblock will have been there so genrally my idea was to buy below the low ( and as my current plan too) becz that small order block lead...
Cool... don't worry about being New/Old... this is trading, so even when u become an "expert", u will still be New... :-)

What is the indicator (vertical) which is there (overlay) in the second image ?
Trade Like a Casino, Not a Gambler
  • #43
  • Aug 19, 2025 3:32am Aug 19, 2025 3:32am
GOLD M15. For me the range has got tighter, lower volume. Will wait for a break out before I trade. Biased short over the next couple of weeks, but expect long opportunities intraday
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Its all just one persons opinion
  • #44
  • Aug 19, 2025 3:33am Aug 19, 2025 3:33am
Quoting thedaytrader
{quote} Cool... don't worry about being New/Old... this is trading, so even when u become an "expert", u will still be New... :-) What is the indicator (vertical) which is there (overlay) in the second image ?
Attached Image (click to enlarge)
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  • #45
  • Aug 19, 2025 3:34am Aug 19, 2025 3:34am
Quoting thedaytrader
{quote} This strategy is live only from 18-Jul-2025, so u have most of the data... Let me give the full here till yesterday : Day Date Trades Net ----- ---------- ------ ----- Day 1 18-Jul-2025 5 +6.5 Day 2 21-Jul-2025 2 -1.5 Day 3 22-Jul-2025 2 -2.0 Day 4 23-Jul-2025 2 -1.5 Day 5 24-Jul-2025 4 0.0 Day 6 25-Jul-2025 2 +2.5 Day 7 28-Jul-2025 3 +2.0 Day 8 29-Jul-2025 2 -2.5 Day 9 30-Jul-2025 1 -1.5 Day 10 31-Jul-2025 3 +2.0 Day 11 01-Aug-2025 2 +2.5 Day 12 04-Aug-2025 3 +5.0 Day 13 05-Aug-2025 4 +5.5 Day 14 06-Aug-2025 3 -3.5 Day 15 07-Aug-2025 1...
I see ...thanks!
Looking forward to statistics with more data points!
  • #46
  • Aug 19, 2025 3:35am Aug 19, 2025 3:35am
Quoting axecap
GOLD M15. For me the range has got tighter, lower volume. Will wait for a break out before I trade. Biased short over the next couple of weeks, but expect long opportunities intraday {image}
So, how do you use the Timeframes Up/Downs which u have ? Whats the trigger to buy/sell ?
Trade Like a Casino, Not a Gambler
  • #47
  • Aug 19, 2025 3:38am Aug 19, 2025 3:38am
Quoting notabdullah1
{quote} {image}
Ok, thanks...
Trade Like a Casino, Not a Gambler
  • #48
  • Aug 19, 2025 3:39am Aug 19, 2025 3:39am
Quoting przfx
{quote} I see ...thanks! Looking forward to statistics with more data points!
Its being built everyday
Trade Like a Casino, Not a Gambler
  • #49
  • Aug 19, 2025 3:44am Aug 19, 2025 3:44am
Quoting thedaytrader
{quote} Stopped out with a 3.1 points profit :-) Attached trade... Waiting for the next... {image}
I am off for the day... Leaving the remaining two limit orders on with my EA... will update on it tmrw morning... have a nice rest of the day :-)
Trade Like a Casino, Not a Gambler
  • #50
  • Aug 19, 2025 3:45am Aug 19, 2025 3:45am
Quoting thedaytrader
{quote} So, how do you use the Timeframes Up/Downs which u have ? Whats the trigger to buy/sell ?
Time frames up downs are simple ema crossovers on HTF, just so Im aware of landscape higher up.

entry signals come from price action @ ema , FVG, S&R , FIBS , and also a momentum indicator. Some or all gives confluence for entry.
Focused on short term trades but in the direction of a longer term bias.
Chart shows APB's (a version of HA candles) which is useful in keeping me in a profitable trade for longer.
Trade away from POI or towards POI (points of interest)
Its all just one persons opinion
  • #51
  • Aug 19, 2025 4:17am Aug 19, 2025 4:17am
rsi on the monthly timeframe

gold gave an avrage of 21% drop in price for previous 4 times till 2006

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21% of this will be till 2700


I don't know how important it is or even if it is imporatant by any means
  • #52
  • Aug 19, 2025 4:40am Aug 19, 2025 4:40am
Quoting notabdullah1
rsi on the monthly timeframe gold gave an avrage of 21% drop in price for previous 4 times till 2006 {image} {image} 21% of this will be till 2700 I don't know how important it is or even if it is imporatant by any means
nasty buy-side liquidity to be taken before the move down, maybe a grab this month, then if fed raise rates in september, the real move down begins
  • #53
  • Aug 19, 2025 10:59am Aug 19, 2025 10:59am
Good luck on the new thread
  • #54
  • Aug 19, 2025 11:56am Aug 19, 2025 11:56am
i hope now you know why i was selling
  • #55
  • Aug 19, 2025 7:58pm Aug 19, 2025 7:58pm
Quoting thedaytrader
{quote} I am off for the day... Leaving the remaining two limit orders on with my EA... will update on it tmrw morning... have a nice rest of the day :-)
Good Morning Everybody :-)

Yesterday all three limit orders were hit... and I missed a big profit just by a whisker when it took off after just hitting break even on trade 2... and -1.0 pnt SL on the third... so +3.0, 0.0, -1,0

Tally so far:

Day Date Trades Net
----- ---------- ------ -----
Day 21 18-Aug-2025 3 +5.5
Day 22 19-Aug-2025 3 +2.0

Total trades since 18-July-2025 : 53
Total profit since 18-July-2025 : 30.5 points

Will be back with todays trades in sometime...
Trade Like a Casino, Not a Gambler
  • #56
  • Aug 19, 2025 8:13pm Aug 19, 2025 8:13pm
Today I am trading 2 Short bounce points and 2 Long Bounce Points

Short Side : 3323.70, 3326.07
Long Side : 3311.42, 3300.48

All have the default 1.5 point SL, with EA chasing it when in trade :-)
Trade Like a Casino, Not a Gambler
  • #57
  • Aug 19, 2025 8:21pm Aug 19, 2025 8:21pm
Quoting notabdullah1
rsi on the monthly timeframe gold gave an avrage of 21% drop in price for previous 4 times till 2006 {image} {image} 21% of this will be till 2700 I don't know how important it is or even if it is imporatant by any means
Interesting stats :-)
On monthly chart there is a Bounce point at around 2800... If it goes down...
Trade Like a Casino, Not a Gambler
  • #58
  • Aug 19, 2025 8:26pm Aug 19, 2025 8:26pm
Quoting PatienceFx
i hope now you know why i was selling
Did you hold the Sell for 8+ points before it went down ?
I remember you were short around 3337 and it went upto around 3345 before falling.
Trade Like a Casino, Not a Gambler
  • #59
  • Aug 19, 2025 8:28pm Aug 19, 2025 8:28pm
Quoting axecap
{quote} Time frames up downs are simple ema crossovers on HTF, just so Im aware of landscape higher up. entry signals come from price action @ ema , FVG, S&R , FIBS , and also a momentum indicator. Some or all gives confluence for entry. Focused on short term trades but in the direction of a longer term bias. Chart shows APB's (a version of HA candles) which is useful in keeping me in a profitable trade for longer. Trade away from POI or towards POI (points of interest)
Those are a lot of considerations for entry
It will be interesting to see when you enter based on those... Do post your entry/exit point/chart if you want to share...
Trade Like a Casino, Not a Gambler
  • #60
  • Aug 19, 2025 8:33pm Aug 19, 2025 8:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDrH1.png Size: 44 KB

10:30 UTC+0900
H1
TP2 = 3293.04

TP1 3313.01 After the solid line crosses and is confirmed, enter by selling
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