Gold

I am somewhat agree but I still believe price will go to 1785. I know your referring to July 8 H1 candle with high of 1753.14 and it is acting as resistance. If that resistance broke then price will go to 1770 and extend to 1785

bought at 1722, target 1751+, stop loss under 1700

Gold is now falling. And I've opened sell positions with tp 1722.9. I wouldn't mind if Gold went up the bullish movement. But after I've got profit.

Hi.
Today I opened three sclaping operations.
Sell T1 (Trade 1); Duration: 27 min; won
Buy T2; Duration: 00:01:22; won
Buy T3 a & b; Duration 00:08:41; T3 "a" BE and small loss; T3 "b" won. Positive final balance on T3

Total today´s profit: +1.95% of initial balance of 400k on a demo account.
My daily profit targe of 1% has been reached.
Time spent on 3 operations: 00:36:53
Time spent from turning on my computer, analyzing the market, trading and registering my trades graphically and in Excel ( to keep my journal and share with you) 03:15:00
I am done for today.
Have a great day!!

This week start with Small short position closed. 1722.37 - 1719.78

I am setting up new sell limit orders.

1750 is the fibo level (38.2%). 1785 is the extreme fibo level (61.8%). theoretically it can reach but hardly. now the "head and shoulders" is being worked out with a target in the area of 1630

Bro Real and Demo trading are two different things, no emotion is involved in Demo trading, I request you to start trading on Real Account

Lol, come and try it on a real account

gold began to fall on the 4h timeframe. i expect gold to fall even lower to the level of 1706.0.

Hi. This morning I just opened one scalping trade.
Increased 1.65%
I am done for today
Have a great day

Price is trying to go below SMA 200 on H1 timeframe but not successful yet.

Hi. Thanks for your comment. You are correct.
As I explained before, I am practicing for trading a Prop Firm Challenge account. In January, I passed 2 phases on a 50k account, traded a real account, made 5000k profits (10% profit in a month), got paid 80% (4000k + around usd 300 that cost the Challenge), I received real money on my bank account (at the end, I invested zero USD, and got paid more than usd 4000 real money, and the best of all, I traded and risked the company´s money, not mine . My only risk was the cost of the Challenge. I do not have 50k nor 400k, but If I pass the challenges, I may be able to operate those real amounts, and get real profits from them ).
Nevertheless with profits, I bought a 100K Challenge, and started trading both, the 50k real account and the 100k Challenge at the same time. I broke the rules on the 100K so I lost the almost usd 600 that cost the Challenge. And my 50k real account was about to break that max loss rule (Can not lower your account on 12%). So I decided to stop, review my Psychology, hired a trading psychology coach, review again my strategy and, I paid around real usd 2000 for a 400k Challenge (which I have it there, waiting for me to feel confident before I start trading it ). I am not willing to lose those usd 2000, so trust me, I am, taking very seriously this demo accounts.
For trading a real 400k account I need to first train my mind in order to manage those amounts, and understand the lot size and risk management I need to use (I can never have a 6 % daily lose either, because it breaks the rule, and I would lose the Challenge, and the usd 2000 invested). So, what I am doing is practicing first, journaling everything, trying to correct my mistakes. Creating my list of rules, a check list, etc. Trying to improve every day.
If I break the Challenge rules on a demo 400k account, I will break it on the real 400k Challenge (and I would lose usd 2000 real money, which obviously I do not want).
I have broken sometimes the daily loss rule this month (losing more than 6% in one day). So I started a new demo account each time I broke the rule, trying to correct former mistakes .
To pass phase 1 of the Challenge, I need to reach a profit target of 10% in 35 days, without breaking the rules (6% daily loss, 12% max loss). So it seems I am on the way to pass the Challenge on this demo account. Then on phase 2 I need to make a 5% profit, without breaking the rules. Then, finally I will be allowed to operate the 400k real account.
So, no worries, I will operate a 400k real account, once I demonstrate to myself that I am ready to do it without breaking the rules . (hopefully, it will be soon ) That is the reason why I am not here to give signals . First of all, I am a scalper, many times, there is no time. Second, sharing my charts, helps me to keep records of what I am doing, and correcting my mistakes. Third, I hope it will probably serve to someone. Finally, it is important to understand that there are many trading strategies. Scalping, day trading, swing trading. Each of us have to discover which style fits better our personality. I have discovered, after many years of studying and trying to become consistent, after burning many real accounts, after not passing many paid Challenges, after many years trying to find and develop a system that fits my personality, that scalping is the style that I like the most. Only a couple of minutes to reach my daily target.
Thanks againg for your comment. Hopefully, soon I will be operating a 400k real account
I hope your trading goes well!!
Have a great day!

I know what you mean. And you are right.
I invite you to read this post, answering another similar advise

https://www.forexfactory.com/thread/...2#post14079042

Short position closed 1721 - 1718

Setting up new limit orders.

Longs

#GOLD / H4

Hi.
Today I took 3 trades. 1 loss, 2 wins. Final balance of the day: +3.63%

I am Happy Today. If I would have been taking the Prop Firm Challenge, today I would have passed Phase 1, reaching a 10% profit target without breaking the rules (Max daily loss of 6%, Max total loss 12% of starting balance). I am going to share with you my FX Blue Statement ans Statistics for this past 8 days, since I opened the new demo accunt.
I hope to pass Phase 2 target of reaching another 5% of profits (Actually they make you start a new account. Neverthelees I will continue with this one in order to see if I am becoming consistent or not, and to see how much profit I would be able to reach ).
Lets see how things go on on the following days, to see if I can start operating the paid Challenge in order to operate real funds if I passed both phases of it.

I think selling pressure will try to break support. Again I will mention about this candle. 1669.79 level is proving strong support so let’s see what happen today.

we have to look at the candle which formed in August 2021. Here is the detail of that candle in H4
OPEN: 1762.39
HIGH:1763.81
LOW:1669.79
CLOSE:1729.30

waiting for 1751 on 4h