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  • #34,321
  • Jun 12, 2024 7:07am Jun 12, 2024 7:07am
Quoting NolanFelix
{quote} Don't gamble; start learning or leave trading. Gambling will never make you profitable. To be profitable, you need to win consistently, not just have one lucky day. I may not have enough knowledge to teach, but I've shared my thoughts. What I'm thinking is if the price breaks 2320 and then shows any bearish signal, I will enter a sell position, and the take profit (TP) will be the day's low. However, don't just sell because I suggested it. If you observe the price action and what the market usually does, then enter at your own risk. I'm...
Please everyone read this persons words. They are extremely wise and step 1 of many on the way to having a profitable mindset. One gamble, one chance, one off strategy trade ruins everything you have built upon. Don't do it. Trade smart. Every single trade. Good habits creates profit. Good habits take a long time to build and 1 trade to ruin.
TechKnow
  • #34,322
  • Jun 12, 2024 7:13am Jun 12, 2024 7:13am
Quoting NolanFelix
If you 1.8% away from Max drawdown you should assume that 1.8% is your capital and risk 1-2% of it.
Best advice ever. I also apply the same principle. If i have a 10k account and i am at 9100$ left, i would never 'risk' 1% of 10k, but rather 10% of that 100$ for example. This way i could at least do 10 more trades.

Currently i have a 200k prop firm (demo) account and i don't even risk 0.5% in these conditions. I want to get this to a funded stage therefore really taking only trades at the extremities of the range right now and move them BE as soon as possible.
  • #34,323
  • Jun 12, 2024 7:15am Jun 12, 2024 7:15am
Quoting NolanFelix
{quote} Don't gamble; start learning or leave trading. Gambling will never make you profitable. To be profitable, you need to win consistently, not just have one lucky day. I may not have enough knowledge to teach, but I've shared my thoughts. What I'm thinking is if the price breaks 2320 and then shows any bearish signal, I will enter a sell position, and the take profit (TP) will be the day's low. However, don't just sell because I suggested it. If you observe the price action and what the market usually does, then enter at your own risk. I'm...
yes bro you are right ... I am waiting for 2333-2340 area for sell ... I said this because I have another acc and this acc is just worn out but you are right I can just practice some trade with this acc with lower risk. Thank you Bhai
  • #34,324
  • Jun 12, 2024 7:19am Jun 12, 2024 7:19am
Quoting j4rvi5
Guys, what do you think, Gold will rise or down after CPI news? Let me be honest, I am going to gamble CPI on my 1 prop acc which is only 1.8% away from the max drawdown
1.8% away from max dd? No advice is going to save you.

Omae Wa Mou Shindeiru
ma ma make me happy
  • #34,325
  • Jun 12, 2024 7:22am Jun 12, 2024 7:22am
Quoting since80808
{quote} #WhatAbout minimalism? BOS + SD retest = I'l try to try 2331 {image} Have a silent night! (as we say now in Ukraine)
Closed with micro-profit before CPI, thanks.
Just an opinion. Based on research
  • #34,326
  • Jun 12, 2024 7:23am Jun 12, 2024 7:23am
Quoting hanzohas
{quote} 1.8% away from max dd? No advice is going to save you. Omae Wa Mou Shindeiru
Lol dont say that, he is not dead already.

Let the man finish himself off properly!
TechKnow
  • #34,327
  • Jun 12, 2024 7:32am Jun 12, 2024 7:32am
Nice, who caught that!
  • #34,328
  • Jun 12, 2024 7:36am Jun 12, 2024 7:36am
Quoting Elliottway
holding buy for 2322-25..
thats it. taken my profit at 2325. holding sell. for deep down. if any up. i will sell more..
SURFER
  • #34,329
  • Jun 12, 2024 7:36am Jun 12, 2024 7:36am
Quoting Mak0001
Nice, who caught that!
  • #34,330
  • Jun 12, 2024 7:37am Jun 12, 2024 7:37am
Quoting SkullCandy
{quote} UP
Sick men crew lol, hope u longed haha
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #34,331
  • Jun 12, 2024 7:40am Jun 12, 2024 7:40am
Quoting Elliottway
{quote} thats it. taken my profit at 2325. holding sell. for deep down. if any up. i will sell more..
also shorted, stops at 2338
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  • #34,332
  • Jun 12, 2024 7:41am Jun 12, 2024 7:41am
let's see if this area works for sell or not 2333-2340
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  • #34,333
  • Jun 12, 2024 7:42am Jun 12, 2024 7:42am
Quoting Techknow
I imagine gold retraces around the 2330-40 area and comes back down to test support before a move to 2360. But first and foremost catch the move to support and then back up off support. {image}
TechKnow
  • #34,334
  • Jun 12, 2024 7:42am Jun 12, 2024 7:42am
Quoting SkullCandy
{quote} Sick men crew lol, hope u longed haha
I also didn't take it instant regret
  • #34,335
  • Jun 12, 2024 7:44am Jun 12, 2024 7:44am
What do you say? Is this a chance to take a loss like a boss if holding longs from previous highs? Or will this go through the roof?

Attached Image
ma ma make me happy
  • #34,336
  • Jun 12, 2024 7:44am Jun 12, 2024 7:44am
Quoting Xces
{quote} also shorted, stops at 2338 {image}
for me.. chance to go 2355.. FOMC is there.. better, step by step stack
SURFER
  • #34,337
  • Jun 12, 2024 7:49am Jun 12, 2024 7:49am
Quoting j4rvi5
{quote} I also didn't take it instant regret
i took 20 pips before it went up lol
Now shorting, cause if us dont lie about inflation,its lowering? Haha, i would love to see retrace.
Trade safe
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #34,338
  • Jun 12, 2024 7:55am Jun 12, 2024 7:55am
Quoting SkullCandy
{quote} i took 20 pips before it went up lol Now shorting, cause if us dont lie about inflation,its lowering? Haha, i would love to see retrace. Trade safe {image}
To believe the media is the same as to believe junky people like politics.
Stoped out, hedged 36 with 30 pips stop, will go make some food
Trade safe
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #34,339
  • Jun 12, 2024 7:57am Jun 12, 2024 7:57am
Quoting magistr91
Меня интересует эта цена {image}
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t.me/mrt141184
  • #34,340
  • Jun 12, 2024 7:58am Jun 12, 2024 7:58am
The trend is still your friend
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