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Only Gold!

  • #15,141
  • Aug 25, 2014 11:06pm Aug 25, 2014 11:06pm
Quoting fortunesaga
{quote} I have learned a lot from you ClockTrader by reading your posts here. Because I am such a newbie I do not understand everything written here on this thread, but what I have understood has helped me. I really look forward to reading your article. I appreciate you are going to do this.
I was thinking of sharing MM guidelines in the article. Nothing like a woodoo magic or holy grail. The very first lesson a new trader is supposed to learn is how to use SL, that is the very foundation of bad MM, I wonder why the heck people even use SL?

SL should be used only and only by a beginner for testing / practice OR by the people who abuse MM.
Hello World!
  • #15,142
  • Aug 25, 2014 11:23pm Aug 25, 2014 11:23pm
Added 2 longs @ 1280

NET: 14 longs
Hello World!
  • #15,143
  • Aug 25, 2014 11:27pm Aug 25, 2014 11:27pm
Quoting ClockTrader
{quote} I was thinking of sharing MM guidelines in the article. Nothing like a woodoo magic or holy grail. The very first lesson a new trader is supposed to learn is how to use SL, that is the very foundation of bad MM, I wonder why the heck people even use SL? SL should be used only and only by a beginner for testing / practice OR by the people who abuse MM.

So you think SL's should only be used by beginners and/or gamblers… Interesting.

I never liked SL's but then again I've never followed proper MM, so it's been a disaster for me.
  • #15,144
  • Aug 25, 2014 11:31pm Aug 25, 2014 11:31pm
Quoting ClockTrader
Added 2 longs @ 1280 NET: 14 longs
what is the average lot size you use for gold? i have a account of 500$ and i use 0.05 - 0.10 and its not that bad for me i know its too much for this low balance..but it seems going good for me
  • #15,145
  • Aug 25, 2014 11:46pm Aug 25, 2014 11:46pm
Quoting ClockTrader
This is how my SLs are setup using DCB. The SLs on the lower side are red SLs, more of testing I would say as I don't expect this to go to 1270 today. On the upper side 1285 is GREEN SL. I expect the air to get spiky going forward this week once it begins to show fair PA. {image} {image}
Quoting ClockTrader
Added 2 longs @ 1280 NET: 14 longs

My shorts will begin to blow in GREEN @ 1285, lets see if this can hit 1285 today..
Hello World!
  • #15,146
  • Aug 25, 2014 11:47pm Aug 25, 2014 11:47pm
Quoting drunkeyez302
{quote} what is the average lot size you use for gold? i have a account of 500$ and i use 0.05 - 0.10 and its not that bad for me i know its too much for this low balance..but it seems going good for me
With a 10K account, you should not trade more than 0.20 i.e. 2 mini lots. However, after securing your first position, you can open more and so on.. That is how hedging works for me.
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  • #15,147
  • Aug 25, 2014 11:48pm Aug 25, 2014 11:48pm
Quoting Ck87
{quote} So you think SL's should only be used by beginners and/or gamblers… Interesting. I never liked SL's but then again I've never followed proper MM, so it's been a disaster for me.
Yea, SL should be used for testing or by beginners or by gamblers. I cannot trade seriously with serious money with SLs.
Hello World!
  • #15,148
  • Aug 26, 2014 1:12am Aug 26, 2014 1:12am
FX Rat Reporting for Duty

Rat is long Yellow Shiny Stuff this am.
That impulsive stab up this am on the
lower timeframe charts has given Rat
the confidence to feel quite happy
about sticking Long bets on.
Got my stops down @1270
below last weeks low.

Lets see if we make it into the 1300's
this week.
rat
  • #15,149
  • Aug 26, 2014 1:23am Aug 26, 2014 1:23am
Quoting ClockTrader
{quote} {quote} My shorts will begin to blow in GREEN @ 1285, lets see if this can hit 1285 today..
Well, these have begun to blow in GREEN, looks kicking by far....
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  • #15,150
  • Aug 26, 2014 1:25am Aug 26, 2014 1:25am
My eyes are on these now, will 1290 be hit today? Will these shorts blow up in GREEN? Lets watch the show....

NET: 18 longs at the moment.
Attached Image
Hello World!
  • #15,151
  • Aug 26, 2014 1:28am Aug 26, 2014 1:28am
Long on Gold n silver. Could this be the start of a major move North.??
Your long awaited annual (long on gold) may have started CT.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDWeekly.png Size: 43 KB
Money Makes Money
  • #15,152
  • Aug 26, 2014 1:31am Aug 26, 2014 1:31am
Quoting KiwiOz
Long on Gold n silver. Could this be the start of a major move North.?? Your long awaited annual (long on gold) may have started CT. {image}
Well, that peak of the Golden Season is quite far, its only August right now. I expect a nice bear rally after the current bull rally.. too early to talk about all that....

Right now, I need to be sure this is indeed a reversal in place.. Playing safe, applied GREEN and protective SL on longs in the lower region....
Hello World!
  • #15,153
  • Aug 26, 2014 1:35am Aug 26, 2014 1:35am
Quoting KiwiOz
Long on Gold n silver. Could this be the start of a major move North.?? Your long awaited annual (long on gold) may have started CT. {image}
Calm your little self down.
Don't get ahead of yourself.
London isn't even open yet.
rat
  • #15,154
  • Aug 26, 2014 1:46am Aug 26, 2014 1:46am
Quoting rattyo
{quote} Calm your little self down. Don't get ahead of yourself. London isn't even open yet.
Lol. Gold does not need to wait for london. Start of London afternoon session is for the manipulators to stop hunt. Always pays to keep that in mind..
Money Makes Money
  • #15,155
  • Aug 26, 2014 1:48am Aug 26, 2014 1:48am
Quoting rattyo
{quote} Calm your little self down. Don't get ahead of yourself. London isn't even open yet.
Most likely the bounce rally I've been talking about is in place, looks active.... thereafter a nice & hard bear rally and then I am in the Season for good.
Hello World!
  • #15,156
  • Aug 26, 2014 1:48am Aug 26, 2014 1:48am
Quoting ClockTrader
{quote} With a 10K account, you should not trade more than 0.20 i.e. 2 mini lots. However, after securing your first position, you can open more and so on.. That is how hedging works for me.
you are totaly right when you dont stop loss 0.20 is enought. However I opened 3.0 lots long on my 5k account and I planded _ $500 to stop loss. Now am on $3500 green profit. Risk is worth it some times.
  • #15,157
  • Aug 26, 2014 1:48am Aug 26, 2014 1:48am
Quoting KiwiOz
{quote} Lol. Gold does not need to wait for london. Start of London afternoon session is for the manipulators to stop hunt. Always pays to keep that in mind..
First target hit so we may see a pullback & consolidation for a few hours.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 39 KB
Money Makes Money
  • #15,158
  • Aug 26, 2014 1:53am Aug 26, 2014 1:53am
Quoting ClockTrader
{quote} Most likely the bounce rally I've been talking about is in place, looks active.... thereafter a nice & hard bear rally and then I am in the Season for good.
This is looking quite powerful north agree.
rat
  • #15,159
  • Aug 26, 2014 1:56am Aug 26, 2014 1:56am
Quoting goldstreet
{quote} you are totaly right when you dont stop loss 0.20 is enought. However I opened 3.0 lots long on my 5k account and I planded _ $500 to stop loss. Now am on $3500 green profit. Risk is worth it some times.
Read this thread from Page-01. Only a handful have been active here since I started this thread. Do I need to explain more? If you are so smart & wise why didn't you post your positions earlier? Why share longs only after they turned super green?

PS: I have seen people who would double their money in one session, day after day.. and suddenly they would disappear. Stay here & show me your results with consistency for over 6 months and then I'll agree with your strategy. I follow Golden Seasons, these have been around for over 30 years. I wonder what your age?
Hello World!
  • #15,160
  • Aug 26, 2014 1:58am Aug 26, 2014 1:58am
Quoting rattyo
{quote} This is looking quite powerful north agree.
4 more longs blew in GREEN! Bulls look angry today, but, this needs to go sideways now on H1.. for sometime at least.
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