DislikedHello Traders I am novice trader and want to ask you if is ok to put 20 pibs T.P. and 60 S.L. on XAUUSD. Thank you very much.Ignored
Also it depends on your win to loss ratio, if you win 10 lose 1, then yeah your SL and TP should work
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DislikedHello Traders I am novice trader and want to ask you if is ok to put 20 pibs T.P. and 60 S.L. on XAUUSD. Thank you very much.Ignored
DislikedHere I initiate a short trade on paper, a small one Test Short @ 1304 SL @ 1320 This is a test trade and on top of that on paper for I don't wish to take any unnecessary risk while I'm planning long term long trades next month. Right now it feels good to test the waters on paper :-) I need my mind to rest, no stress or distractions while I focus and plan longs for long term next month. 12:00 pm NY, time to call it a day. PS: I could have waited until tomorrow, but, patience is hard to achieve here. Volatility suggests shorts are worth trying.Ignored
DislikedI would still be very very careful! A lot of people are calling that the major us stock indexes have topped...Right now on the daily chart the spx, the dow and nasdaq have an evening star formation on the verge of forming. If you draw a trend line on the usd index; Price has reached very close to its top and hence can reverse... Today we are having an inside candle day where price seems to be consolidating after yesterdays major move from 1270...If you look at the past few days closes of the daily chart; gold seems to find good support on the 1285-88...Ignored
Disliked{quote} Okay... so I think we got a confirmation of a evening star pattern n the dow, s&p and Nasdaq...Hopefully there will be a good follow through tomorrow... Us dollar index seems to have posted a hanging man on the daily chart(not as convinced about this...); and this is consistent with the upper bearish trendline on the dollar index daily chart... gold has remained above the 50 day sma.... all this hopefully means that the bulls will have some legs in the near term!Ignored
DislikedIt was an interesting day to observe today... Most of our "resident bears" were absent today... I think this could be used as a good sentiment indicator! I only say this in jest...no hard feelings for anyone! Time to ride the bull (well atleast It seems...)Ignored
Disliked{quote} An evening star on S&P... that is a good sign indeed.. I might add one last position with a tight stop if price retrace to 1300 and find support there.. {image}Ignored
Disliked{quote} I am not sure if I fit into your resident bear category, but I am just observing market as the range is kind of tight, and I think many traders are waiting to see where PA will go in the short term. Perhaps Thursday's U.S. UE claims will give us some clue...Ignored
Disliked{quote} An evening star on S&P... that is a good sign indeed.. I might add one last position with a tight stop if price retrace to 1300 and find support there.. {image}Ignored
Disliked{quote} An evening star on S&P... that is a good sign indeed.. I might add one last position with a tight stop if price retrace to 1300 and find support there.. {image}Ignored
Disliked{quote} i hope you havent moved you SL for all those positions up to just below 1300? {image}Ignored