Gold with No Drama | Page 2732 | Metals Mine

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Make More Money - Eliminate DRAMA 11 replies

Just posting my trades, everyone is welcome but no drama 2 replies

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Gold with No Drama

  • #54,621
  • Jun 4, 2:29am (14 hr ago) Jun 4, 2:29am (14 hr ago)
4463 is playing with us.. LOL will it break or hold?
  • #54,622
  • Jun 4, 2:30am (14 hr ago) Jun 4, 2:30am (14 hr ago)
Quoting SibiSh
{quote} My advice is first learn risk management and psychology then strategy. Pick one trading style one setup and master it instead of jumping between many indicators. Practice on demo with real emotions, journal every trade and stay patient. Also avoid fake luxury traders on social media. Consistency and discipline are what make a professional day trader over time. Good luck on your journey
IMO,
It's impossible to involve real emotions when using a demo account.
You can pretend it's a real account with real money, but in the end, you'll realize that even if you lose $1 million, it won't matter.
Use a real account and trade with the smallest possible stake. That's practice.
bulls make money, bears make money, pigs get slaughtered
  • #54,623
  • Jun 4, 2:32am (14 hr ago) Jun 4, 2:32am (14 hr ago)
Quoting Muxb7
{quote} thank you for the advice what’s the minimum equity that I can start
You can start with any amount you are comfortable losing lol even $50-$200 is enough for learning.
But for proper risk management in day trading around $500-$1000 is better.
Most important is not the capital but your risk control and discipline.
Focus more on skill than amount.
Patience
  • #54,624
  • Jun 4, 2:39am (14 hr ago) Jun 4, 2:39am (14 hr ago)
Quoting cubidut
{quote} IMO, It's impossible to involve real emotions when using a demo account. You can pretend it's a real account with real money, but in the end, you'll realize that even if you lose $1 million, it won't matter. Use a real account and trade with the smallest possible stake. That's practice.
You are right about emotions but it depends on how you control them. If you are serious and dont have much capital start with a demo account using small amounts and treat it like real trading with real emotions and discipline. Otherwise if you dont take it seriously you wont learn properly.

Perfection comes from consistent practice and learning from mistakes.
Patience
  • #54,625
  • Jun 4, 2:42am (13 hr ago) Jun 4, 2:42am (13 hr ago)
Quoting Mrafi1982
4463 is playing with us.. LOL will it break or hold?
I'm in short at moment - I'm hoping it hits 4452 area
  • #54,626
  • Jun 4, 2:44am (13 hr ago) Jun 4, 2:44am (13 hr ago)
i have bougth gold at 4478 level can anyone suggest the sl
  • #54,627
  • Jun 4, 2:45am (13 hr ago) Jun 4, 2:45am (13 hr ago)
Quoting SibiSh
{quote} You can start with any amount you are comfortable losing lol even $50-$200 is enough for learning. But for proper risk management in day trading around $500-$1000 is better. Most important is not the capital but your risk control and discipline. Focus more on skill than amount.
i know everyone says to use real money atleast once, but idk i feel like it also depends on the person’s mindset and what they want. For example, i was backtesting for 3 months and now live trading with fake money for 2 months, and i used to get mad and wanted to hit my head in a wall everytime market reversed on me be it the backtesting with no money or live with paper money.
so it will carry on the same way when i enter with real money which would be ofc more most traders prop firms as they have no capital themselves. So imo if you learn risk management one should be good to go considering they stick to their rules, personally i saw a massive change in my entries and rule breaking when i started live trading, because even if it’s fake i WANT at the end of the day for my portfolio to be green or breakeven. Also live trading has helped me know where i break my rules and also a lot about RISK management seriously. Every step has something to learn ofc even trading with small real money has something to learn but i feel the lesson to not let go and have some losses on your capital can be learnt with fake while live trading if you keep your head locked in.
  • #54,628
  • Jun 4, 2:48am (13 hr ago) Jun 4, 2:48am (13 hr ago)
Quoting bhavikbhadra
i have bougth gold at 4478 level can anyone suggest the sl
you entered literally on a high, what TF do you trade, if it’s 15 or less then i guess SL can’t help you now, and also you need to know your SL before entering better to save your losses and understand if the trade is entryworthy or not
  • #54,629
  • Jun 4, 2:53am (13 hr ago) Jun 4, 2:53am (13 hr ago)
this is for my set up TF H4 (OANDA GMT+7) my swing trade start today
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2026-06-04_14-52-10.png Size: 72 KB
  • #54,630
  • Jun 4, 2:54am (13 hr ago) Jun 4, 2:54am (13 hr ago)
I agree with Deal here. Having looked at the behaviour of price the past few days, I think we might have seen the high of the day. Only a solid close and hold above 4483 can save bulls. If not, the series of lower highs we have had simply means lower prices. It is better to be realistic and trade what's in front of you than to be wishful. If it goes up great, but for now it looks short to me. I am not in a trade on gold yet.
  • #54,631
  • Jun 4, 2:56am (13 hr ago) Jun 4, 2:56am (13 hr ago)
Quoting Mitiblotch
I agree with Deal here. Having looked at the behaviour of price the past few days, I think we might have seen the high of the day. Only a solid close and hold above 4483 cam save bulls. If not, the series of lower highs we have had simply means lower prices. It is better to be realistic and trade what's in front of you thank wish. If it goes up great, but for now it looks short to me. I am not in a trade on gold yet.
it could also range for a while right? As yesterday the 4463 level was hard to break by the bears as well it took like 3 hours to break everytime it tried 4463 and kept ranging
  • #54,632
  • Jun 4, 2:59am (13 hr ago) Jun 4, 2:59am (13 hr ago)
Quoting cobblecop
Looking for a quick 1:1 scalp. {image}
SL hit. Price action was very poor, but we move on.
  • #54,633
  • Jun 4, 3:00am (13 hr ago) Jun 4, 3:00am (13 hr ago)
Quoting Deal
{quote} Really not in the mood to be here... People ask how i pinpoint the levels, i explain and always appear a clown when i say green saying that i said red... Really waste of energy... I never try to predict, i never have a bias, what i can give is what i see and statistics show me day by day high probability price movements, is a completly diferent thing of what they claim i am trying to do... Don't care about candle sizes, bias whatever... What i know is the probabilities of price, not a set and forget thing... And to that happen is needed...
Keep doing what you are doing it is a merit.
  • #54,634
  • Jun 4, 3:03am (13 hr ago) Jun 4, 3:03am (13 hr ago)
Quoting Mitiblotch
I agree with Deal here. Having looked at the behaviour of price the past few days, I think we might have seen the high of the day. Only a solid close and hold above 4483 cam save bulls. If not, the series of lower highs we have had simply means lower prices. It is better to be realistic and trade what's in front of you thank wish. If it goes up great, but for now it looks short to me. I am not in a trade on gold yet.
And the only fundamental news that could make that price get to 4480 is not out till 5 hours or less.
Unemployment claims should be about 210k (My opinion) , which is going to be good for the downward movement of gold price.
Just my take.
  • #54,635
  • Jun 4, 3:05am (13 hr ago) Jun 4, 3:05am (13 hr ago)
Ok my limit order got triggered, just hoping its not a false break and this big as bull is just a pullback 4470
  • #54,636
  • Jun 4, 3:05am (13 hr ago) Jun 4, 3:05am (13 hr ago)
Quoting jessetoye
{quote} And the only fundamental news that could make that price get to 4480 is not out till 5 hours or less. Unemployment claims should be about 210k (My opinion) , which is going to be good for the downward movement of gold price. Just my take.
I don't know if price has any regard for traditional data these days. It simply waits for fake news from the US and Iran.
  • #54,637
  • Jun 4, 3:06am (13 hr ago) Jun 4, 3:06am (13 hr ago)
Quoting jessetoye
{quote} And the only fundamental news that could make that price get to 4480 is not out till 5 hours or less. Unemployment claims should be about 210k (My opinion) , which is going to be good for the downward movement of gold price. Just my take.
im new to the news analysis but i am just curious to how you know what unemployment claims could be?
  • #54,638
  • Jun 4, 3:06am (13 hr ago) Jun 4, 3:06am (13 hr ago)
Quoting Mitiblotch
{quote} I don't know if price has any regard for traditional data these days. It simply waits for fake news from the US and Iran.
true
  • #54,639
  • Jun 4, 3:11am (13 hr ago) Jun 4, 3:11am (13 hr ago)
For today, I would expect two timing signals around 7:15am and 8:10am nyc time. They need alignment for precision so i ll try to give them again close to that time. I hope it could help your strategy or they could rectify wrong positions.
  • #54,640
  • Jun 4, 3:11am (13 hr ago) Jun 4, 3:11am (13 hr ago)
Quoting Mitiblotch
{quote} I don't know if price has any regard for traditional data these days. It simply waits for fake news from the US and Iran.
Just as i typed, i had that thought too.
We should just be well positioned, cork head might push it to 4300 before weekend, just me thinking out loud.
Imagine leaving the screen, just to come back and find a fallen knife.
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