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  • #13,821
  • Jul 28, 2023 1:17am Jul 28, 2023 1:17am
Quoting d1zzy
{quote} Good morning fellow trader, Friendly advice don’t try and “follow” anyone instead try and learn their analysis and imitate it by yourself that’s the only way you can improve yourself to become a better trader. Relying on others for signals won’t get you far in the trading game. Read books, tutorials, guides, watch videos back test your strategies on TradingView and always strive to improve yourself individually! On that note, here’s to everyone ending the day and technically the month in blue!
Thanks so much for this insight
Where can I see some back tested Gold winning
Strategies to learn from or systems to learn from
Thanks
  • #13,822
  • Jul 28, 2023 1:29am Jul 28, 2023 1:29am
Quoting ForexIkeja
{quote} Thanks so much for this insight Where can I see some back tested Gold winning Strategies to learn from or systems to learn from Thanks
Well do some research on 'successful' trading strategies, research their win % shortlist a few of them. Look up ICT or SMC techniques idk do some research. Download TradingView on your computer they have an option to back test where you can basically run back the charts and run simulations to test your entries.

Good luck!

Quoting Srnz7
I started this week with like 53 usd and made consistent profits everyday bringing it up to 110 usd and right after the news I've lost it all and am now sitting at 22 usd this is getting onto my nerves like I wanted to stay away for today as I made my profit of 5 usd before the news was released which would have been nice but I took a trade even though I shouldn't have and now I've literally blew my account oof.
Set yourself a bunch of rules. Rules to enter rules to exit and rules to maintain discipline throughout the day. Sure, the money is tempting but you need to know when to stop, if you look at these posts you'll see some very disciplined traders who know when to stop get some advice from them, it will help you in the long run. If you are chasing higher profits, get a high leverage account in this case though you'll need a whole lot of more discipline and you HAVE to make sure your entries/exits are well executed or you could get wiped out.

As with anything else in life DISCIPLINE, DISCIPLINE, DISCIPLINE. Good luck g
  • #13,823
  • Jul 28, 2023 1:46am Jul 28, 2023 1:46am
Quoting Srnz7
I started this week with like 53 usd and made consistent profits everyday bringing it up to 110 usd and right after the news I've lost it all and am now sitting at 22 usd this is getting onto my nerves like I wanted to stay away for today as I made my profit of 5 usd before the news was released which would have been nice but I took a trade even though I shouldn't have and now I've literally blew my account oof.
I am new too. I started with 2k, but I still only take 10% trades of my margin. I never want to go above this as it keeps me alive in trading. Once I have learned adequate knowledge about trading, I'll start intraday and scalping. Until then, I am sticking with the 10/90 method. So, keep some rules to yourself and try to inject money little by little often into your account. $53 USD is too low to trade in gold due to its high fluctuation.
  • #13,824
  • Jul 28, 2023 1:51am Jul 28, 2023 1:51am
Why is market so volatile now? I've never seen it being so aggressive during the closing sessions of tokyo
Never stop learning. Improvise, adapt, overcome.
  • #13,825
  • Jul 28, 2023 1:54am Jul 28, 2023 1:54am
It's like they have a Mr F login indicator. As soon as he logs in fuck around with the price.
  • #13,826
  • Jul 28, 2023 2:02am Jul 28, 2023 2:02am
Quoting saisadhan
{quote} I am new too. I started with 2k, but I still only take 10% trades of my margin. I never want to go above this as it keeps me alive in trading. Once I have learned adequate knowledge about trading, I'll start intraday and scalping. Until then, I am sticking with the 10/90 method. So, keep some rules to yourself and try to inject money little by little often into your account. $53 USD is too low to trade in gold due to its high fluctuation.
I've already lost like 300 usd from the last year. When I follow my rules the trades go fine and right after I make some decent profits my evil side gets in control and as I start loosing my money my emotions drive me in and I just blow my account. I'm trying to invest little by little every month from my pocket by also making small but consistent profits everyday at the same time, but yeah I should hold onto my strategies a little stronger and let aside my emotions so that one day I can reach my goal.
Never stop learning. Improvise, adapt, overcome.
  • #13,827
  • Jul 28, 2023 2:03am Jul 28, 2023 2:03am
Was hoping the traders in the City, after sleeping on it from yesterday, would come into work and think "You know what, the US is still running the worlds largest Ponzi scheme and their promise to repay isn't actually worth anything".
  • #13,828
  • Jul 28, 2023 2:15am Jul 28, 2023 2:15am
Quoting Srnz7
{quote} I've already lost like 300 usd from the last year. When I follow my rules the trades go fine and right after I make some decent profits my evil side gets in control and as I start loosing my money my emotions drive me in and I just blow my account. I'm trying to invest little by little every month from my pocket by also making small but consistent profits everyday at the same time, but yeah I should hold onto my strategies a little stronger and let aside my emotions so that one day I can reach my goal.
Iam not sure how this will help small accounts, but this is good for breakeven.
Attached Image(s) (click to enlarge)
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  • #13,829
  • Jul 28, 2023 2:16am Jul 28, 2023 2:16am
{quote} Set yourself a bunch of rules. Rules to enter rules to exit and rules to maintain discipline throughout the day. Sure, the money is tempting but you need to know when to stop, if you look at these posts you'll see some very disciplined traders who know when to stop get some advice from them, it will help you in the long run. If you are chasing higher profits, get a high leverage account in this case though you'll need a whole lot of more discipline and you HAVE to make sure your entries/exits are well executed or you could get wiped out. As with anything else in life DISCIPLINE, DISCIPLINE, DISCIPLINE. Good luck g[/quote]

Thank you for replying me bro I appreciate it. Yes, I do have some strategies and rules that I learnt and improvised in the last 1 year but I just feel a little more anxiety than an average person so when I start to see trades ending up in red I try to revenge trade which is bad but f it happens a lot of times for me but yes as you said discipline and consistency is the key bro and I will try my best to be under control and learn. Hope one day I can come back here after I've reached my goal and happy trading to you and all the other traders here good luck y'all may blues rain on you.
Never stop learning. Improvise, adapt, overcome.
  • #13,830
  • Jul 28, 2023 2:23am Jul 28, 2023 2:23am
Quoting saisadhan
{quote} Iam not sure how this will help small accounts, but this is good for breakeven. {image} {image}
Yeah, the martingale strategy. I used to do this in online casinos lol for now I don't think I'm ready for that as I'm trying to use lot sizes that are appropriate to my account balance and after a few trades(that include both losing and winning trades) using the same lot size as I have a winning ratio of nearly 60-70% I'll end up in blues at the moment I'm following only trading with the trend strategies so yeah maybe in the future after I learn more about price action and all I'll look into it either way thank you for sharing mate
Never stop learning. Improvise, adapt, overcome.
  • #13,831
  • Jul 28, 2023 2:27am Jul 28, 2023 2:27am
Quoting Srnz7
{quote} Set yourself a bunch of rules. Rules to enter rules to exit and rules to maintain discipline throughout the day. Sure, the money is tempting but you need to know when to stop, if you look at these posts you'll see some very disciplined traders who know when to stop get some advice from them, it will help you in the long run. If you are chasing higher profits, get a high leverage account in this case though you'll need a whole lot of more discipline and you HAVE to make sure your entries/exits are well executed or you could get wiped out....
Thank you for replying me bro I appreciate it. Yes, I do have some strategies and rules that I learnt and improvised in the last 1 year but I just feel a little more anxiety than an average person so when I start to see trades ending up in red I try to revenge trade which is bad but f it happens a lot of times for me but yes as you said discipline and consistency is the key bro and I will try my best to be under control and learn. Hope one day I can come back here after I've reached my goal and happy trading to you and all the other traders here good luck y'all may blues rain on you.[/quote]
Every person has their own problems in trading.
My major problem is that at all times, and I mean all time, every second of the day, I have equally good reasons to think price is going to go in both direction from where it is now. I have no way of determining which way is more likely. I can look back at past charts and see how something similar resulted in a bullish move and then see another where it resulted in a bearish move.
As such my trading is very random and I'll often find myself entering buy and sell positions at the same time, under the illusion that one of them will work out. In fact all I'm doing is guaranteeing a loss.
  • #13,832
  • Jul 28, 2023 3:01am Jul 28, 2023 3:01am
Quoting saisadhan
{quote} I am new too. I started with 2k, but I still only take 10% trades of my margin. I never want to go above this as it keeps me alive in trading. Once I have learned adequate knowledge about trading, I'll start intraday and scalping. Until then, I am sticking with the 10/90 method. So, keep some rules to yourself and try to inject money little by little often into your account. $53 USD is too low to trade in gold due to its high fluctuation.
I have a good strategy if you want me to share with you.

Its an excellent excel file i created. Everything formulated to low risk
Trading is very lonely
  • #13,833
  • Jul 28, 2023 3:03am Jul 28, 2023 3:03am
You be able to actually gain 6.4k after trading 30 days with 2k with this powerful excel.
Its like a daily journal for u
Trading is very lonely
  • #13,834
  • Jul 28, 2023 3:06am Jul 28, 2023 3:06am
Quoting luckytujuh
You be able to actually gain 6.4k after trading 30 days with 2k with this powerful excel. Its like a daily journal for u
can you show us proof of you making this amount?
is it free or we’ll have to pay?
  • #13,835
  • Jul 28, 2023 3:08am Jul 28, 2023 3:08am
Quoting saisadhan
{quote} I am new too. I started with 2k, but I still only take 10% trades of my margin. I never want to go above this as it keeps me alive in trading. Once I have learned adequate knowledge about trading, I'll start intraday and scalping. Until then, I am sticking with the 10/90 method. So, keep some rules to yourself and try to inject money little by little often into your account. $53 USD is too low to trade in gold due to its high fluctuation.
The Daily Planner is to enter you beginning balance, and to update your end day balance after each day.

The trade history is also for you to enter the number in the column

Hit TP - number of trades ur trade HIT TP
Flip - number of trades u flip while and closing without a TP
Lose - number of trades that hit ur SL
BE - Number of trades that hit ur BE
PIPS - Total Pips u collected end of the day.

I also formulated this excel to see if you have a good trade for the day

Being 1-12 trade is considered Good Trade
13 Trade and above are consider Bad Trades due to overtrading, possibly due to news or impulsive trading
Attached File(s)
File Type: xlsx DAILY PLANNER 4.0.xlsx   40 KB | 499 downloads
File Type: xlsx 30 DAY TRADE HISTORY 2.0.xlsx   12 KB | 447 downloads
Trading is very lonely
  • #13,836
  • Jul 28, 2023 3:10am Jul 28, 2023 3:10am
Quoting Tolpeters
{quote} can you show us proof of you making this amount? is it free or we’ll have to pay?
Just did share look at it.
And try playing around the excel file.
Try entering the targets calculated for those specified accounts.

To be honest, its quite a low target, but its a realistic target for me.
Which is achievable.
Trading is very lonely
  • #13,837
  • Jul 28, 2023 3:14am Jul 28, 2023 3:14am
Quoting luckytujuh
{quote} I have a good strategy if you want me to share with you. Its an excellent excel file i created. Everything formulated to low risk
Can you share this with me?thanks.
  • #13,838
  • Jul 28, 2023 3:15am Jul 28, 2023 3:15am
Quoting robyisback
{quote} Can you share this with me?thanks.

I already did, its on top I shared, uploaded with 2 excel files
Trading is very lonely
  • #13,839
  • Jul 28, 2023 3:18am Jul 28, 2023 3:18am
Quoting MrFanciful
{quote} Thank you for replying me bro I appreciate it. Yes, I do have some strategies and rules that I learnt and improvised in the last 1 year but I just feel a little more anxiety than an average person so when I start to see trades ending up in red I try to revenge trade which is bad but f it happens a lot of times for me but yes as you said discipline and consistency is the key bro and I will try my best to be under control and learn. Hope one day I can come back here after I've reached my goal and happy trading to you and all the other traders...
Every person has their own problems in trading. My major problem is that at all times, and I mean all time, every second of the day, I have equally good reasons to think price is going to go in both direction from where it is now. I have no way of determining which way is more likely. I can look back at past charts and see how something similar resulted in a bullish move and then see another where it resulted in a bearish move. As such my trading is very random and I'll often find myself entering buy and sell positions at the same time, under the illusion that one of them will work out. In fact all I'm doing is guaranteeing a loss.[/quote]
Lol same here bruh
Never stop learning. Improvise, adapt, overcome.
  • #13,840
  • Jul 28, 2023 3:19am Jul 28, 2023 3:19am
.
Never stop learning. Improvise, adapt, overcome.
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