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Wolf Trading Strategy XAUUSD Only

  • #3,661
  • Jun 18, 7:32am (4 hr ago) Jun 18, 7:32am (4 hr ago)
Quoting Wolfgang7
How do you consider the zone is taken out Mystic? When you rehadged. By the candle going in wrong direction or by the support being breached with the whole candle or something else?
Sorry misunderstood your question..

yes with the close of the next candle.. if it closes on the wrong side i rehedge, if it closes only by a little on the wrong side I leave it and watch the candle after how it behaves.
Trade what you see, not what you think
  • #3,662
  • Jun 18, 7:57am (4 hr ago) Jun 18, 7:57am (4 hr ago)
Quoting MysticJ
{quote} Sorry misunderstood your question.. yes with the close of the next candle.. if it closes on the wrong side i rehedge, if it closes only by a little on the wrong side I leave it and watch the candle after how it behaves.
thanks
  • #3,663
  • Jun 18, 8:12am (4 hr ago) Jun 18, 8:12am (4 hr ago)
Quoting MysticJ
{quote} Sorry misunderstood your question.. yes with the close of the next candle.. if it closes on the wrong side i rehedge, if it closes only by a little on the wrong side I leave it and watch the candle after how it behaves.
What time frame do you use for this? 5M?
  • #3,664
  • Jun 18, 8:15am (3 hr ago) Jun 18, 8:15am (3 hr ago)
1m and 5m... I look how the candle grows and shrinks to determine selling/buying pressure
Trade what you see, not what you think
  • #3,665
  • Jun 18, 9:49am (2 hr 24 min ago) Jun 18, 9:49am (2 hr 24 min ago)
Is gold market closed tomorrow due to US bank holiday?
  • #3,666
  • Jun 18, 10:02am (2 hr 11 min ago) Jun 18, 10:02am (2 hr 11 min ago)
Quoting Nikita81
Is gold market closed tomorrow due to US bank holiday?
dont know
Trade what you see, not what you think
  • #3,667
  • Jun 18, 10:13am (2 hr 1 min ago) Jun 18, 10:13am (2 hr 1 min ago)
alright wolfs.. Im out for today...

I ended up with a little loss, about 6%. At the beginning of the week I unhedged at the wrong place and let fear take over. this led to overtrading which led to bad trades and ultimately losing gains. I should have waited for FOMC to pass. Well lesson learned.
At one point I had a draw down of about 800$. I used the squeeze method and got it down to -150$.

After 4 Weeks of constant profit everyday, this is the first time I lost money in Live trading.
This is my current accountsize
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Trade what you see, not what you think
  • #3,668
  • Jun 18, 10:14am (1 hr 59 min ago) Jun 18, 10:14am (1 hr 59 min ago)
Quoting Nikita81
Is gold market closed tomorrow due to US bank holiday?
some brokers close during ny session.
LUCKY golden trades, LUCKY gold investor trading style
  • #3,669
  • Jun 18, 10:15am (1 hr 59 min ago) Jun 18, 10:15am (1 hr 59 min ago)
I hope all of you made some Money today


see you tomorrow
Trade what you see, not what you think
  • #3,670
  • Jun 18, 10:46am (1 hr 27 min ago) Jun 18, 10:46am (1 hr 27 min ago)
Quoting MysticJ
alright wolfs.. Im out for today... I ended up with a little loss, about 6%. At the beginning of the week I unhedged at the wrong place and let fear take over. this led to overtrading which led to bad trades and ultimately losing gains. I should have waited for FOMC to pass. Well lesson learned. At one point I had a draw down of about 800$. I used the squeeze method and got it down to -150$. After 4 Weeks of constant profit everyday, this is the first time I lost money in Live trading. This is my current accountsize{image}...
Dont lose hope. Its part of the race. Learn from your mistakes and come back stronger.
  • #3,671
  • Last Post: Jun 18, 12:05pm (9 min ago) Jun 18, 12:05pm (9 min ago)
Hey everyone! Right now I have 2 buys I recently closed my sell and opened second buy at 4230 and the first buy is at 4320. What do you suggest me to do if price continues going against me? Put new buy and sell at support or what?
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