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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
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