Simple Trading Philosophy 1. Can you produce a good trade today? Or a bad one? - Open trades Long or Short - Verify 2. How much risk are you taking (in percentage terms), and how much profit are you aiming for (also in percentage)? - Statistics - ...

Meditations on Extremistan - Nassim Taleb

Yeah, maybe it's only useful for me and not for you — I mean my perspective on many of the posts here. If something is interesting, of course I’ll give a follow-up comment. I’m not denying that technical analysis is important, but all the real proof ...

Gold

― Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets url url

Meditations on Extremistan - Nassim Taleb

- Anonopoulos - url

Meditations on Extremistan - Nassim Taleb

For me personally, the first thing to look at is the position size—what percentage is it? That way, I can convert the scale from pips to percentage and determine the appropriate lot size. Analysis comes next, just as a third factor after system ...

Gold

I made an additional rule: to close all open positions 15 or 30 minutes before the trading day ends. This week is still an adjustment phase—according to my actual rules, I only trade after the London Open. I'm still in the process of trial and error ...

Gold

Trading exclusively only Gold over the past three days has taught many lessons... 1. Gold doesn’t reverse or reversal like currencies; instead, it moves very fast and directly—sometimes without forming waves. 2. Also, Gold doesn’t always retrace to ...

Meditations on Extremistan - Nassim Taleb

Above 3365 Dead End. So late entry did not hit TP. Exit +0.20% Have a nice weekend for All

Gold

It seems the rocket booster is almost out of fuel — the price has only moved 120 pips in the past 3 hours. Usually, there will be a final green candle, a Max Buy, to signal the end of the Bulls’ move, though not always. Also, the Top Range 3 isn't ...

Gold

So far Price break Resistant 3360 and stay there. Guess 3380 will hit if there is no late shock nuke drama. Lol The market very often engages in stop hunting near the end of the daily trading ...

Gold

Yea I guess it will reach as high as 3380. Range 3 here seems have a potential to form like a stairstep to heaven, would be higher than the top of Range 2. It's usually like that. So let's see this late (very late) Long entry for RR1, 1 unit risk ...

Gold

Didn't get a lower price; instead, the price shot up — maybe it's trying to form a double top or reaching heaven. Delete Orders

Gold

Nothing beats the thrill of price action adrenaline, Lol

Gold

Wow, wow, wow, reversal in play from 3365. Waiting spikes there to Long 3330

Gold

Reversal didn't work so far. Gold still push to the very top.

Gold

1/3 of today's ADR (21) has already been reached (267 pips), if you bought from the 3305 level or below, better lock it. Who knows, after the New York open soon, it might all turn into a sell-off.

Gold

1. Some are certainly charlatans, that much is clear. 2. Some consider it the product of their hard work, something that can generate profit beyond trading itself, as it is commonly seen as a product of skill—rather than merely regular analysis or ...

Gold

Well, well, missed the train. Nice break. Long above 3305. I had something to work on in the morning. Luol

Gold

I mean there is 2 fractals here, go short at 3290 will be rejected, go long at 3305 will be rejected. The key is wait for London Open or near London Open, should Gold get strenght to break Up, then Newyork come, should Gold weak enough to slam dunk. ...

Gold

Whichever side does it easily, maybe that's the direction. It's Friday, Lol . If it doesn't want to go up, then go short.

Gold