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  • #12,761
  • Jul 18, 2023 1:22pm Jul 18, 2023 1:22pm
Quoting d1zzy
{quote} All gaps close eventually sir
This may be the case but how does this help you? It may close tomorrow or it may close 80 years from now. That statistic is a load of rubbish because it doesn't take timescale into account. It's like me predicting a plane will crash. Its very likely to happen, but do I know when? No.
  • #12,762
  • Jul 18, 2023 1:30pm Jul 18, 2023 1:30pm
Time to short Gold a little, at least to $1966
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Okechukwu Jacob.C.
  • #12,763
  • Jul 18, 2023 1:51pm Jul 18, 2023 1:51pm
Guys...please be patient with your trades and wait for confirmation..

This is a great example of FOMO and being married to your trades.

He lost over $12,000 because he "had a gut feeling" on sells.

Revenged traded, entered sells again after he was stopped out for over $12,000, and lost again.

Decided to switch and bought at 1980...and now looking at a floating loss AGAIN.

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  • #12,764
  • Jul 18, 2023 2:18pm Jul 18, 2023 2:18pm
Quoting hayseed
{quote} //----- hey jack.... sure.... we can't pm attachments so will post them here..... will have to remove some code that will not work for you first...... here is the atr in pips....... i use that as a target reference for pending orders...... also is mlandens version of bbands...... his version is better than mine..... mine sends alerts and such that can be annoying if your not prepared..... when selling in an uptrend, reversion to mean is the goal...... zigzags can help time that..... like today..... the 89 ma's just keep my head out the clouds.........
Thanx Hayseed, much appreciated!
  • #12,765
  • Jul 18, 2023 2:37pm Jul 18, 2023 2:37pm
Though not doing any or not want add overnight still checking pa, so as long as 1972.57 intact bull leg likely start.. 1974 + can pending order ok though. So now extension down 1976, better below 75 or 74 to up continue most likely to over 1981 1st chance! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #12,766
  • Jul 18, 2023 2:42pm Jul 18, 2023 2:42pm
Quoting mbfx
{quote} I am able. to scalp on currencies but gold is very difficult. I would really like to have your two cents on it. getting 40 pips is not easy.
my "two cent"

about chart
I trade from M1 ichi chart with "Trade Tool" EA (Inputs TP=3&SL=30 pips)
besides
usually there are four (if talking of gold) open charts: M15 with Stoch, M30 with ADX, 5pips range bar chart
and
H4 ichi chart with "Trade Toll" EA (Inputs TP=30&SL=50.., can change some day)
scalping is mechanical (?!)
I think that "scalping is quite "mechanical" and to get used to any pair your have to trade or watch it.., easy, right?
I face bad days as well.., nobody perfect.., because of this
your trading time
you need to choose time for your trading and be familiar with.., I trade LO, but "my time" starts around two hours before NYO
what are you looking for
I "reverse" trader.., I am looking for point of reverse.., I'd like to call it "fast pips".., 3-5-10.., more(?)
pending order
I used to apply them and I think it's quite effective way of "getting" 3-5-10 pips
indy, fib, TL, etc
besides indy I draw TL, fib, Wolfe Wave Pattern.., and I try to follow to some "simple" rules
you need to find your "criteria" to read the chart..,

then ask me once more
dolce vita
  • #12,767
  • Jul 18, 2023 3:40pm Jul 18, 2023 3:40pm
Time, 04:39, GMT +8.

CMP 1978.50.

SELL.

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  • #12,768
  • Jul 18, 2023 7:03pm Jul 18, 2023 7:03pm
pivot line : 1982 , perhaps the price continues to move around this point.
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  • #12,769
  • Jul 18, 2023 8:03pm Jul 18, 2023 8:03pm
is it safe to come out?

still short and looking for 1940
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short trump and go long the deepstate
  • #12,770
  • Jul 18, 2023 9:04pm Jul 18, 2023 9:04pm
Quoting Mohamed-Seit
{quote} if anyone looking for my updated buyers target.. and buy dip levels..
Looking for buy dip?..

Please check the attached chart, green area is good for buy target of 1994-5

Optional: Breaking below maximum 1960 to 1955(last hope for buyers)
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Everything, what's meant to be will find its way
  • #12,771
  • Jul 18, 2023 9:47pm Jul 18, 2023 9:47pm
having never traded gold and silver till today, had absolutely no clue what to expect.... that last push down took the remaining gold trades , silver still running.....

you can't tell much from a single day, especially the first day, but it appears to me the metals might require more attention than forex it self..... course that might be my lack of experience here.....

will keep my lot size at a minimum till i get on my feet..... don't mind crawling for a while....

plan to short most minute highs of every 5 minute zigzag up leg till a 240 down leg......

can't see me giving up on forex proper, but really did enjoy gold and sliver....h
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to trade and code, keep both simple... no call to impress....h
  • #12,772
  • Jul 18, 2023 9:59pm Jul 18, 2023 9:59pm
___________________ BOF XAUUSD [email protected] ,SL= man. , TP2+3 will post mebbe LTR when Not tooo buzeee Rakin$$$$$$$
Don’t focus on making $$$, focus on protecting what you have.
  • #12,773
  • Jul 18, 2023 10:38pm Jul 18, 2023 10:38pm
Quoting MisterMurong
{quote} Mentioned this before. Gold won't sell if yen pairs are trending down.
What would be the reason behind this?
  • #12,774
  • Jul 18, 2023 10:40pm Jul 18, 2023 10:40pm
Quoting hayseed
having never traded gold and silver till today, had absolutely no clue what to expect.... that last push down took the remaining gold trades , silver still running..... you can't tell much from a single day, especially the first day, but it appears to me the metals might require more attention than forex it self..... course that might be my lack of experience here..... will keep my lot size at a minimum till i get on my feet..... don't mind crawling for a while.... plan to short most minute highs of every 5 minute zigzag up leg till a 240 down leg.........
Beginners luck.
  • #12,775
  • Jul 18, 2023 10:59pm Jul 18, 2023 10:59pm
Sell Scalp can become good option until price is staying above 1963. Gold Bulls can start their attack anytime. So small scalps and quick profit booking mode on for me.Trade safe
  • #12,776
  • Jul 18, 2023 11:04pm Jul 18, 2023 11:04pm
Quoting parveenverma
Sell Scalp can become good option until price is staying above 1963. Gold Bulls can start their attack anytime. So small scalps and quick profit booking mode on for me.Trade safe
The Expected Bulls attack key levels for me become 1972.50,1969 & 1963. Below it I can try for sell entry after proper confirmation only.
  • #12,777
  • Jul 18, 2023 11:27pm Jul 18, 2023 11:27pm
Quoting fontu
Though not doing any or not want add overnight still checking pa, so as long as 1972.57 intact bull leg likely start.. 1974 + can pending order ok though. So now extension down 1976, better below 75 or 74 to up continue most likely to over 1981 1st chance! Take care {image}
PA now as long as1972. 11 protected, so getting lower level to long next. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #12,778
  • Jul 19, 2023 12:03am Jul 19, 2023 12:03am
Quoting Mohamed-Seit
{quote} Looking for buy dip?.. Please check the attached chart, green area is good for buy target of 1994-5 Optional: Breaking below maximum 1960 to 1955(last hope for buyers) {image}
Must be like this!!!

i am expecting 1971-2 for long with tight SL
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Everything, what's meant to be will find its way
  • #12,779
  • Jul 19, 2023 12:11am Jul 19, 2023 12:11am
H1 : Pivot line 1983-1972-1963
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  • #12,780
  • Jul 19, 2023 12:12am Jul 19, 2023 12:12am
Quoting Mohamed-Seit
{quote} Must be like this!!! i am expecting 1971-2 for long with tight SL {image}
I will wait with my BUY LIMIT ORDERS..
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EDIT: Moved my SL below 1970
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Everything, what's meant to be will find its way
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