Only Gold! | Page 1037 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #20,721
  • Dec 18, 2014 9:44pm Dec 18, 2014 9:44pm
Quoting Outsider78
Can you please confirm how you got this information? I am very interested to know? {quote}
Google search it "stop hunting forex" and u will be amazed how the big dogs do it against the small dogs
  • #20,722
  • Dec 18, 2014 11:53pm Dec 18, 2014 11:53pm
.05 lot added at 1198.75. Sl 1216
  • #20,723
  • Dec 19, 2014 12:08am Dec 19, 2014 12:08am
Quoting ClockTrader
{quote} SL @ 1187-88 Risk 1%
IF price can hit 1203 in an hr or so.. the risk for longs would fall vertically.. until NY morning at least..

PS: On the basis of DCB.
Hello World!
  • #20,724
  • Dec 19, 2014 12:37am Dec 19, 2014 12:37am
I think I know what a stop hunting is, what I wanted to know was how you did you figured that the latest movement was a stop loss hunting.
Quoting uncletrumpet
{quote} Google search it "stop hunting forex" and u will be amazed how the big dogs do it against the small dogs
  • #20,725
  • Dec 19, 2014 12:55am Dec 19, 2014 12:55am
Quoting Razi89
{quote} added .05 lot at 1197.37 sl 1216 risk 10 Percent
It is advisable to not risk more than 1 - 2% in a day..

10% risk on a single trade is huge.. IMO

It can be more about sustaining here.. instead of making a killing..

Trade light, trade safe..
Hello World!
  • #20,726
  • Dec 19, 2014 1:19am Dec 19, 2014 1:19am
@ C T i agree with you but this represent 3 percent to my whole portfolio land invest fix deposit etc. And also from this level i am anticipating a big drop just like spx reverse to its actual up trend
  • #20,727
  • Dec 19, 2014 4:05am Dec 19, 2014 4:05am
Had to travel over the week through some West African countries so I temporarily withdrew from trading, I am now so sad seeing the amount of pips I missed out on . I hope CT reserved some for me to pick up before the weekend? Right now I am totally long on gold...totally long I say.
Less is more...
  • #20,728
  • Dec 19, 2014 6:49am Dec 19, 2014 6:49am
Quoting ClockTrader
{quote} It is advisable to not risk more than 1 - 2% in a day.. 10% risk on a single trade is huge.. IMO It can be more about sustaining here.. instead of making a killing.. Trade light, trade safe..

i really cant see a way to only trade 1% of my small account - lets say ive 5k account that means id trade £50 hoping to make a few pips say £10-20 --- personally i want to risk the £5k and trade up quickly, i have only been trading two months but i took my £5k to £10k twice then got hit by over-trading stupidity on my part on oil and did snakes and ladders down to £5k again - but trying to be more prudent and risk mgt orientated im up to £9k this morning -

i try make £200 a day and some days i can make £1k but i want that safe consistent £200, but i will go in and try make £1k if i see a profit and if i can manage risk better

what kind of trades do you place, what kind of return are you looking to get -- id like others opinions here, please
  • #20,729
  • Dec 19, 2014 8:31am Dec 19, 2014 8:31am
Quoting ClockTrader
@ 1197 Testing Longs.. Testing M15-VVSA bottom-out @ 12 pm NY (last US session) {image}
@ 1197

Closed long test.. without any profit/loss..
Hello World!
  • #20,730
  • Dec 19, 2014 8:34am Dec 19, 2014 8:34am
IF you can make good money here, you would eventually want to quit any other 9 to 6 job. See if you can make good money month after month for several years. A normal job would promise this, on the other hand plz be informed that more than 90% of traders quit Forex within 6 - 9 months.

Its all about consistency my friend.


Quoting Waitnsee
{quote} i really cant see a way to only trade 1% of my small account - lets say ive 5k account that means id trade £50 hoping to make a few pips say £10-20 --- personally i want to risk the £5k and trade up quickly, i have only been trading two months but i took my £5k to £10k twice then got hit by over-trading stupidity on my part on oil and did snakes and ladders down to £5k again - but trying to be more prudent and risk mgt orientated im up to £9k this morning - i try make £200 a day and some days i can make £1k but i want that safe consistent...
Hello World!
  • #20,731
  • Dec 19, 2014 9:14am Dec 19, 2014 9:14am
hi

i was forced to be unemployed because i had an illness - so im home bound, ive time to dedicate to this - i know the odds of failure - i have a background in economics, not saying that makes any difference really but easy to get up to speed with the fundamentals

i wanted to know how much roughly you CT - how many points you try take - i notice gold has a 3 point move up and down mostly and then breaks to new levels - what do you try trade and what kind of background indictors do you look at, also do you trade gold only or other

any help much appreciated
  • #20,732
  • Dec 19, 2014 9:18am Dec 19, 2014 9:18am
Quoting ClockTrader
{quote} It is advisable to not risk more than 1 - 2% in a day.. 10% risk on a single trade is huge.. IMO It can be more about sustaining here.. instead of making a killing.. Trade light, trade safe..
Margin call will call them to a great lesson
  • #20,733
  • Dec 19, 2014 9:22am Dec 19, 2014 9:22am
Plz check Post-1 of this thread.. I have mentioned almost everything I do. Only Gold in the past 4-5 yrs.. planning to hit the Buy (invest) button on Crude.. on every $5 fall..

Quoting Waitnsee
hi i was forced to be unemployed because i had an illness - so im home bound, ive time to dedicate to this - i know the odds of failure - i have a background in economics, not saying that makes any difference really but easy to get up to speed with the fundamentals i wanted to know how much roughly you CT - how many points you try take - i notice gold has a 3 point move up and down mostly and then breaks to new levels - what do you try trade and what kind of background indictors do you look at, also do you trade gold only or other any help much...
Hello World!
  • #20,734
  • Dec 19, 2014 9:39am Dec 19, 2014 9:39am
Quoting ajantala
Had to travel over the week through some West African countries so I temporarily withdrew from trading, I am now so sad seeing the amount of pips I missed out on . I hope CT reserved some for me to pick up before the weekend? Right now I am totally long on gold...totally long I say.
You should have set some pending orders so that it keeps running till you come
  • #20,735
  • Dec 19, 2014 9:53am Dec 19, 2014 9:53am
Quoting uncletrumpet
{quote} You should have set some pending orders so that it keeps running till you come
Well I could have done that but that could lead to loosing all I already made if I am not there to manage my trades.
Less is more...
  • #20,736
  • Dec 19, 2014 10:00am Dec 19, 2014 10:00am
Intraday trend-Bullish

  1. Gold is trading in narrow range around 1183 to 1230 for the past four trading. It has formed temporary top around $1238 bullishness can be seen only above $1238.
  2. It is facing minor resistance around 1205 and any break of will target $1223/$1238 Dec 12th high.
  3. The gold is facing major support at $1178 (median line). On the downside break below $1178 will target 1160/1142.

CCI (50) -> Sell
CCI (14) -> Buy
Ichimoku -> Sell
It is good to buy at lower levels .
Recommendation: Buy gold around $1190, SL $1178, Target $1210.

  • #20,737
  • Dec 19, 2014 10:04am Dec 19, 2014 10:04am
Strategy for tonight's closing & re-opening ahead..

Expect next week to start with spiky PA.. & here is what I got to share....

@ 1198 -- I've started selling here.. sell limits for below:
1205
1210
1215

Buy Stop @ below rates:
1220
1225
1230

Risk: 4% (in worst case, IF price hits 1230)

I hope to take control of situation before loss actually gets close to 4%.. quite sure I'll be able to mitigate risk IF things are indeed getting out of order.

PS: I shall use key hrs, DCB, VVSA etc. on Monday to mitigate risk from this strategy, if required.
Hello World!
  • #20,738
  • Dec 19, 2014 10:07am Dec 19, 2014 10:07am
Logic behind this strategy:

 

  1. Major correction pending as per VVSA.
  2. Expiry on way.


Quoting ClockTrader
Strategy for tonight's closing & re-opening ahead.. Expect next week to start with spiky PA.. & here is what I got to share.... @ 1198 -- I've started selling here.. sell limits for below: 1205 1210 1215 Buy Stop @ below rates: 1220 1225 1230 Risk: 4% (in worst case, IF price hits 1230) I hope to take control of situation before loss actually gets close to 4%.. quite sure I'll be able to mitigate risk IF things are indeed getting out of order. PS: I shall use key hrs, DCB, VVSA etc. on Monday to mitigate risk from this strategy, if required.
Hello World!
  • #20,739
  • Dec 19, 2014 10:42am Dec 19, 2014 10:42am
Wish you all a great weekend full of greenery!

PS: Trade light & safe!
Hello World!
  • #20,740
  • Dec 19, 2014 1:47pm Dec 19, 2014 1:47pm
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Had an amazing week, though I rarely posted as I was tied up with meetings meeting and meetings. I won't mention the weekend over the island as it becomes very offensive to some people

Enjoy the weekend guys and party hard, its Christmas time...

Cheers,
KAH
5 traders viewing now