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Only Gold!

  • #26,001
  • Jul 21, 2015 8:44pm Jul 21, 2015 8:44pm
Whatever that PA was.. it was 100% perfect on Avatrade charts.. It sucked on fxcm charts as usual.. too long spike.. that means max no. of accounts would have blown on FXCM accounts.. and least no. of accounts would have blown on Avatrade.

I was lucky to make money with both of these brokers though.. (when price crashed)..

IF you are in the wrong lane, don't blame traffic rules..

Trade only a proven strategy in a safe manner. Respect MM.
Hello World!
  • #26,002
  • Edited 11:06pm Jul 21, 2015 9:04pm | Edited 11:06pm
This message is for Twee and any other mods if around.. posting here as I can't message anyone (being a commercial member) and it's relevant to other members as well.

Subject: Reports in Trade Explorer don't look kool..

I started a small account with $350.. slowly and steadily doubled it in few months.. (part of my research).. then I withdrew my principal..

Now TE needs to have a base principal amount on the basis of which it can calculate profit / loss.. It starts treating $350 (my profit) as my principal..

Now I lose $200 and TE shows a whopping loss of 52% in reports.. which is apparently false..
IMO, I'm sitting on a profit of 42%
I'll double or triple the amount (leftover) anyways.. to prove my skills..


I understand that TE has it's limitations.. I just wanted to share.. if there was a way out..

Cheers!
Hello World!
  • #26,003
  • Jul 22, 2015 3:15am Jul 22, 2015 3:15am
Quoting faraz37
{quote} As I said earlier, China sold their Gold and that's why we saw that disturbing PA. http://businesstoday.intoday.in/stor.../1/221946.html
Every nations are selling or buying gold too. Just the word "China" doesn't explain the huge drop. Your info are as good as the article. Thanks.
The only winner is the one who survive the longest...
  • #26,004
  • Jul 22, 2015 3:19am Jul 22, 2015 3:19am
Quoting ClockTrader
This message is for Twee and any other mods if around.. posting here as I can't message anyone (being a commercial member) and it's relevant to other members as well. Subject: Reports in Trade Explorer don't look kool.. I started a small account with $350.. slowly and steadily doubled it in few months.. (part of my research).. then I withdrew my principal.. Now TE needs to have a base principal amount on the basis of which it can calculate profit / loss.. It starts treating $350 (my profit) as my principal.. Now I lose $200 and TE shows a whopping...
True, I found it quite lame too. Eg you grow an account from small to a reasonable size, then you realize losing 2000 per trade shown 50% loss, and if you lose 2000 thrice, it show 3 trades of 50% loss, quite ridiculous. Look so badly on MM. I always thought 150% means my account disappear in thin air.
The only winner is the one who survive the longest...
  • #26,005
  • Jul 22, 2015 4:01am Jul 22, 2015 4:01am
http://www.fxstreet.com/analysis/mar...ok/2015/07/22/
The only winner is the one who survive the longest...
  • #26,006
  • Edited 9:17am Jul 22, 2015 8:55am | Edited 9:17am
Quoting kinspk
{quote} True, I found it quite lame too. Eg you grow an account from small to a reasonable size, then you realize losing 2000 per trade shown 50% loss, and if you lose 2000 thrice, it show 3 trades of 50% loss, quite ridiculous. Look so badly on MM. I always thought 150% means my account disappear in thin air.
MQL has suddenly twisted my numbers too..

For instance, my account there showed like 30% returns per month.. blanks there now..


As long as my system is in place and in order.. I think I can fix all this..

Just need to double the equity a few times..
Hello World!
  • #26,007
  • Jul 22, 2015 1:49pm Jul 22, 2015 1:49pm
Quoting kinspk
{quote} Every nations are selling or buying gold too. Just the word "China" doesn't explain the huge drop. Your info are as good as the article. Thanks.
This one gives generic info maybe good for investors.. but still doesnt explain that specific PA: http://www.theweek.co.uk/gold-price/...could-stay-low
  • #26,008
  • Jul 22, 2015 2:44pm Jul 22, 2015 2:44pm
No one is talking about buying anymore i think we are close to a turning point for the upside because everything points to the downside for gold thats the strange logic i have
  • #26,009
  • Jul 22, 2015 4:25pm Jul 22, 2015 4:25pm
Quoting atom3
No one is talking about buying anymore i think we are close to a turning point for the upside because everything points to the downside for gold thats the strange logic i have
I Like your thinking
Respect the inescapable certainity of Math
  • #26,010
  • Jul 22, 2015 9:21pm Jul 22, 2015 9:21pm
Quoting atom3
No one is talking about buying anymore i think we are close to a turning point for the upside because everything points to the downside for gold thats the strange logic i have
The kind of shity market conditions we are facing these days its best to just scalp.. otherwise its next to impossible (atleast for me) to catch on to any big move
  • #26,011
  • Jul 22, 2015 11:59pm Jul 22, 2015 11:59pm
Quoting faraz37
{quote} The kind of shity market conditions we are facing these days its best to just scalp.. otherwise its next to impossible (atleast for me) to catch on to any big move
I've been trading swings.. goes good and bad all the time.. but overall win rate has been more than nice..

Analysis is not easy.. Holy Grail is tough.. and making killing looks easy and possible more than half of the times..
Hello World!
  • #26,012
  • Jul 23, 2015 3:41am Jul 23, 2015 3:41am
Wolfe Wave in progress
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  • #26,013
  • Jul 23, 2015 4:30am Jul 23, 2015 4:30am
After Gold dropped, I think it will need to look for regions for accumulation. So expect some choppy swing moves.
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The only winner is the one who survive the longest...
  • #26,014
  • Jul 23, 2015 4:38am Jul 23, 2015 4:38am
Quoting kinspk
{quote} True, I found it quite lame too. Eg you grow an account from small to a reasonable size, then you realize losing 2000 per trade shown 50% loss, and if you lose 2000 thrice, it show 3 trades of 50% loss, quite ridiculous. Look so badly on MM. I always thought 150% means my account disappear in thin air.
Can try using the one in MQL5 website? forgot the name, but it is a much better version of compiling your trade history, performance, risk etc
  • #26,015
  • Jul 23, 2015 5:33am Jul 23, 2015 5:33am
Quoting faraz37
{quote} This one gives generic info maybe good for investors.. but still doesnt explain that specific PA: http://www.theweek.co.uk/gold-price/...could-stay-low
Bro, thanks alot for the articles. Appreciate that Read similar news on that.

Quoting Polaris4dy
{quote} Can try using the one in MQL5 website? forgot the name, but it is a much better version of compiling your trade history, performance, risk etc
Bro, thanks for the suggestions. I think brokers' trade history and performance enough for me nowadays, don't really look at it. Trading had become a routine for me like a job, don't need to keep track too much of performance. The only time i care is how much money left for me in it that I can buy some beer.
The only winner is the one who survive the longest...
  • #26,016
  • Jul 23, 2015 5:40am Jul 23, 2015 5:40am
Quoting kinspk
{quote} Bro, thanks alot for the articles. Appreciate that Read similar news on that. {quote} Bro, thanks for the suggestions. I think brokers' trade history and performance enough for me nowadays, don't really look at it. Trading had become a routine for me like a job, don't need to keep track too much of performance. The only time i care is how much money left for me in it that I can buy some beer.
that's the spirit mate! focus on making money yeah...wish I can stand a few days without looking at balance/equity at all..lol
  • #26,017
  • Jul 23, 2015 5:54am Jul 23, 2015 5:54am
Quoting Polaris4dy
{quote} that's the spirit mate! focus on making money yeah...wish I can stand a few days without looking at balance/equity at all..lol
Must be all green trades that's why you keep admiring your history.

I'll only stare at it under these situations:
(A) A series of losing trades - I will question myself "WHY WHY WHY" Time to buck up!
(B) A series of winning trades - I will question the market "When is the reversal/retracement on my equity curve"
The only winner is the one who survive the longest...
  • #26,018
  • Jul 23, 2015 5:59am Jul 23, 2015 5:59am
Quoting kinspk
{quote} Must be all green trades that's why you keep admiring your history. I'll only stare at it under these situations: (A) A series of losing trades - I will question myself "WHY WHY WHY" Time to buck up! (B) A series of winning trades - I will question the market...
Lol i did have winning streaks for like three months last year and two months recently...those r the times when i like to look at those statistics..but everytime i start admiring them, boom it went down like a rock...Cant believe someone actually think equity curve does have its retracement too...i used to joke to myself about this stuff, stop trading when equity swing reach 161.8 fib..lol
  • #26,019
  • Jul 23, 2015 6:31am Jul 23, 2015 6:31am
Quoting Polaris4dy
{quote} Lol i did have winning streaks for like three months last year and two months recently...those r the times when i like to look at those statistics..but everytime i start admiring them, boom it went down like a rock...Cant believe someone actually think equity curve does have its retracement too...i used to joke to myself about this stuff, stop trading when equity swing reach 161.8 fib..lol
> Lol i did have winning streaks for like three months last year and two months recently...

----> Safe to say, I've been lucky by far.. From Apr-2015 until Now! 4 months in a row..
Hello World!
  • #26,020
  • Jul 23, 2015 7:50am Jul 23, 2015 7:50am
Quoting faraz37
{quote} This one gives generic info maybe good for investors.. but still doesnt explain that specific PA: http://www.theweek.co.uk/gold-price/...could-stay-low
Interesting article, a bit simplistic but gives information. Maybe not informative for this crowd here but for gold beginners certainly I would say. But if China is behind the specific event, and I believe its true, then the simple reason is that they are raising cash to rescue the imploding internal market, may that be stock exchange or real estate. This coincides with other news on China selling US Treasuries etc. China has a real problem internally, one that has been highlighted at times by big investors like Jim Chanos, etc. and they know that collapsing real estate and stock prices could fuel social unrest so they will do anything in their power to avoid such situation. Despite that they are also very well aware that they need to hold gold as a counter-balance to the bubble so I wouldnt be concerned about China selling gold. They are smart people and they will buy it back at lower prices.
"Bulls make money, bears make money, pigs get slaughtered"
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