Gold | Page 1052 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #21,021
  • Oct 9, 2023 8:40am Oct 9, 2023 8:40am
Without a doubt one of the most frustrating days I've every experienced.

Massive gap up, no continuation or pull back.
All it seems to do is head for my SL.
  • #21,022
  • Oct 9, 2023 8:45am Oct 9, 2023 8:45am
Quoting profits7
{quote} {image}
Where i can see them as well?
  • #21,023
  • Oct 9, 2023 8:49am Oct 9, 2023 8:49am
Quoting MrFanciful
Without a doubt one of the most frustrating days I've every experienced. Massive gap up, no continuation or pull back. All it seems to do is head for my SL.
Try trading HA candles on a short time frame. You seem to be trading big positions with tight SL and hoping to get a big trend. HA candles are good for getting you in and out at better times than just hoping
  • #21,024
  • Oct 9, 2023 9:00am Oct 9, 2023 9:00am
H4, ichi, TL
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-h4-xm-global-limited 09 10 0 e.png Size: 18 KB

looking for long if 1844th won't be broken.., to 58th
otherwise.., 41th to test first
dolce vita
  • #21,025
  • Oct 9, 2023 9:00am Oct 9, 2023 9:00am
Quoting Fenty
{quote} Try trading HA candles on a short time frame. You seem to be trading big positions with tight SL and hoping to get a big trend. HA candles are good for getting you in and out at better times than just hoping
I scale my lots for a 2% risk but with an 80 pip stop. I know it's risky but it isn't the positional size or SL thats the problem. The problem is that I don't stick to my entry criteria.

On Friday, I changed my TP to be just 350 pips but today I decided go for bigger based on the size of the gap. I thought a deep retracements into the gap, or a continuation higher first, then a pullback into the gap tomorrow or Wednesday.

Had I been more disciplined this morning, I had about 4 entry signals in a row that would have all hit my targets in a row, each for about 8% profit. But I wasn't so I paid the price.
  • #21,026
  • Oct 9, 2023 9:01am Oct 9, 2023 9:01am
it's time of possible reverse
?
dolce vita
  • #21,027
  • Oct 9, 2023 9:09am Oct 9, 2023 9:09am
I had no idea I had such power over the price. All I have to do is place an order with a SL and it goes in that direction.
  • #21,028
  • Oct 9, 2023 9:12am Oct 9, 2023 9:12am
Quoting MrFanciful
I had no idea I had such power over the price. All I have to do is place an order with a SL and it goes in that direction.
I once get a wisdom from a forex guru, he said "your SL is my entry" And from that point I entry at my SL and its works
  • #21,029
  • Oct 9, 2023 9:18am Oct 9, 2023 9:18am
With the way this has moved today, you'd be excused for thinking that everything was wonderful in the world.
  • #21,030
  • Oct 9, 2023 9:20am Oct 9, 2023 9:20am
Quoting MrFanciful
{quote} with an 80 pip stop.
I used to ask myself if 20 pips SL is enough if I enter now.., and I traded without SL&TP those times, and hedged with 30 pips DD (to lock position).., I am talking about crude..,
I mean, doesn't matter how big SL you can permit.., you have always stick to "your limits".., it's not easy but just give a try


P.S. you know that market has nothing to do with you, don't you
dolce vita
  • #21,031
  • Oct 9, 2023 9:37am Oct 9, 2023 9:37am
Quoting babayaga
{quote} I used to ask myself if 20 pips SL is enough if I enter now.., and I traded without SL&TP those times, and hedged with 30 pips DD (to lock position).., I am talking about crude.., I mean, doesn't matter how big SL you can permit.., you have always stick to "your limits".., it's not easy but just give a try P.S. you know that market has nothing to do with you, don't you
I know...but it's just incredible how it knows where my stop los it.

Tonight I'll go home and review the day and say "Yep, if I'd stuck to my strategy it would have worked here and here and here and here and here". It's not my strategy that's at fault, it's me. I don't know how to fix me.
  • #21,032
  • Oct 9, 2023 9:50am Oct 9, 2023 9:50am
Gold goes short for a few hours...
SL: 1856.00
TP: 1840.00

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2023-10-09_18-18-44_25ba1.png Size: 70 KB
You may like to make your trade risk free when in good profit. You can do it by changing your stop to zero pips.
  • #21,033
  • Oct 9, 2023 10:12am Oct 9, 2023 10:12am
I took a sell today at 1853, TP 1848,60. Now looks like it could test again 1853/54, but now Im not convinced to sell it again, Im 50/50.
  • #21,034
  • Edited 11:40pm Oct 9, 2023 10:14am | Edited 11:40pm
Quoting MrFanciful
{quote} I know...but it's just incredible how it knows where my stop los it. Tonight I'll go home and review the day and say "Yep, if I'd stuck to my strategy it would have worked here and here and here and here and here". It's not my strategy that's at fault, it's me. I don't know how to fix me.
just get rid of them (SL)..,
for example..,
you enter with position that can run for 100 pips DD ( equivalent of 1%(!?) ) and you can add one more position (same direction).., or close.., or hedge..,
try "such a manual trading" for a few (!!!) days & during these days forget that you are human being.., try not be involved in your trading, just watch yourself how you are doing..,

that's my advise
and please, do not take it like it is.., correct it, or take some part of it.., or nothing suits you
and
because you haven't found yet your style (imo), try to figure out time you like to trade, probably this can help you to "move up" (?!)

excuse me if something wrong
dolce vita
  • #21,035
  • Oct 9, 2023 10:20am Oct 9, 2023 10:20am
Quoting GeraldMann
Gold goes short for a few hours... SL: 1856.00 TP: 1840.00 {image}You may like to make your trade risk free when in good profit. You can do it by changing your stop to zero pips.
Could I ask you something? Why you set your SL at the same level than the opening wick?
  • #21,036
  • Oct 9, 2023 10:46am Oct 9, 2023 10:46am
will we end today between 45th&52th (???)
've got one short at 52.50
dolce vita
  • #21,037
  • Oct 9, 2023 10:47am Oct 9, 2023 10:47am
1853 old with 56 sl
50 tp
1:1 RR
Trade safe
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #21,038
  • Oct 9, 2023 11:07am Oct 9, 2023 11:07am
or to 40th (?)
M15, stoch, tl
Attached Image (click to enlarge)
Click to Enlarge Name: goldmicro-m15-xm-global-limited 09 10 0 f.png Size: 20 KB

ci sto
dolce vita
  • #21,039
  • Oct 9, 2023 11:11am Oct 9, 2023 11:11am
Quoting SkullCandy
1853 old with 56 sl 50 tp 1:1 RR Trade safe

Tp hitted.
Back to sleep. Till tomorrow and trade safe.
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #21,040
  • Oct 9, 2023 11:13am Oct 9, 2023 11:13am
Quoting babayaga
or to 40th (?) M15, stoch, tl {image} ci sto
chicken out ...at 50.18
left symbolic part
definitely do not want to give back today
dolce vita
183 traders viewing now