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  • #19,661
  • Sep 27, 2023 7:55am Sep 27, 2023 7:55am
Quoting MrFanciful
Jesus christ have a break.
Some of the best traders are the best losers.
Its a skill we all need to know and become confident with.

Theres a few phycology trading books that talk about how some traders have small win small win small win huge loss. Make it back with small win small win small win to have another big loss. Its a mental weakness that needs to be fixed.

Youre not alone, we all have done it many times or still going through it, just remember. Be the best loser you can be and have time on your side
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #19,662
  • Sep 27, 2023 7:58am Sep 27, 2023 7:58am
Quoting SkullCandy
{quote} Why to rush ? Movements make a retests, after a loss, cut trading and wait for A setups,after retests.. Cant understand your logic in trading. Im not saying its not for you, but first deal with your mental problems,cause you need a break. Understand one thing i said earlier. When you in drawdown 5-10 % , what for continue revenge trading? Revenge trading always ends same way. You know that well. I just dont know how many times to repeat that to you. Dont know your style of trading, but one thing i know for sure. You just dont have RIsk management....
Thanks for the honesty.

All I need is a 160pips to hit my daily target. I just use S&R, but I always have a reason to enter, even if it's gone peaked through support. I'll just think "Thats a stop hunt...Buy".
  • #19,663
  • Sep 27, 2023 8:22am Sep 27, 2023 8:22am
Quoting Ravenfeeder
{quote} That last part is the gut feeling/intuition you have to listen to, therefore wait longer, and don't enter until a true bottom (for now) is confirmed FOMO is the opposite, steel yourself against it, even if you have to wait for the Daily to turn bullish.
By examining gold in the 2-hour time frame, we see that the price continued to fall and has fallen to $1890 so far! As you can see, there is an important level of demand in front of the price, which caused the collecting the liquidity and the price to break below this zone 40 days ago! Now that the price is approaching the zone of $1883 to $1888, I expect that the price will experience an upward correction from this range , and probably the first target of this rise will be $1895! Be careful of the gold stop hunting movements in this range and if you see a positive reaction, don't think that the whole trend has changed , because my mid-term view is still bearish and I think we will see the target of $1851 soon !
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  • #19,664
  • Sep 27, 2023 8:26am Sep 27, 2023 8:26am
Quoting MrFanciful
{quote} Because after 1 bullish candle out of the last 19 4 hour candles, we are over due for another 4hr to close above it's open. My mind just keeps thinking "Thi is it, this is it, this is it" But it just doesn't stop. I know that the moment I walk away is the moment it turns around.
Take your time coz is continuing go down
  • #19,665
  • Sep 27, 2023 8:27am Sep 27, 2023 8:27am
Silly MrF. You thought that it's 6th level of support would actually act as a support. Don't you know that a promise to repay made by a government that has never repaid anything is more valuable than a rare metal that has held its value ofr 5000 years.
  • #19,666
  • Sep 27, 2023 8:30am Sep 27, 2023 8:30am
Quoting 10QFX
{quote} SL hit.First of the week.Reentry buy lower until 1893
SL Hit again time to take a break
  • #19,667
  • Sep 27, 2023 8:31am Sep 27, 2023 8:31am
Quoting nsabu
{quote} Take your time coz is continuing go down
Serious question...How do you know?
  • #19,668
  • Sep 27, 2023 8:35am Sep 27, 2023 8:35am
Quoting MrFanciful
{quote} Serious question...How do you know?
By examining gold in the 2-hour time frame, we see that the price continued to fall and has fallen to $1890 so far! As you can see, there is an important level of demand in front of the price, which caused the collecting the liquidity and the price to break below this zone 40 days ago! Now that the price is approaching the zone of $1883 to $1888, I expect that the price will experience an upward correction from this range , and probably the first target of this rise will be $1895! Be careful of the gold stop hunting movements in this range and if you see a positive reaction, don't think that the whole trend has changed , because my mid-term view is still bearish and I think we will see the target of $1851 soon !
  • #19,669
  • Sep 27, 2023 8:38am Sep 27, 2023 8:38am
I understand that. I read that has hindsight analysis though. We can see that it has fallen to 1890 but how do you know (and therefore know to either sell or stay out) that it was going to fall 1890. After such a move down, what made you think it was more likely than not to continue, rather than to retrace?

To me, you need bigger balls to enter a short position down here than a long, given that there has been no higher timeframe pullback
  • #19,670
  • Sep 27, 2023 8:38am Sep 27, 2023 8:38am
Quoting MrFanciful
{quote} Serious question...How do you know?
The break below 1899.00 is a negative signal that has opened a path to 1888.00.
  • #19,671
  • Sep 27, 2023 8:47am Sep 27, 2023 8:47am
A plague on both buyers and sellers houses
  • #19,672
  • Sep 27, 2023 8:48am Sep 27, 2023 8:48am
Quoting S3000
Bullish Gartley pattern, on daily chart
Move D not yet finished. Will be interesting.
  • #19,673
  • Sep 27, 2023 8:51am Sep 27, 2023 8:51am
LET'S GO!!!!!!!! 1865 PLEASE!

THIS WAITING KILLED ME..
  • #19,674
  • Sep 27, 2023 8:53am Sep 27, 2023 8:53am
Question is will it stop here or around 1878 for today
  • #19,675
  • Sep 27, 2023 8:54am Sep 27, 2023 8:54am
Long time observer, first time commenter, im waiting to buy, i feel its coming, but not yet
  • #19,676
  • Sep 27, 2023 9:00am Sep 27, 2023 9:00am
Will leave this one,
Trade safe
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #19,677
  • Sep 27, 2023 9:05am Sep 27, 2023 9:05am
Quoting SkullCandy
Will leave this one, Trade safe {image}
1883 will be my entry
  • #19,678
  • Sep 27, 2023 9:15am Sep 27, 2023 9:15am
Looks like we're going down further?

I can always take comfort in the fct that people pensions are being decimated I guess.
  • #19,679
  • Sep 27, 2023 9:19am Sep 27, 2023 9:19am
Quoting MrFanciful
Looks like we're going down further? I can always take comfort in the fct that people pensions are being decimated I guess.
I hope not. I hope we have arrived at Bull station now
"Who Dares Wins"
  • #19,680
  • Sep 27, 2023 9:21am Sep 27, 2023 9:21am
Quoting MrFanciful
Looks like we're going down further? I can always take comfort in the fct that people pensions are being decimated I guess.
why don't you open the larger time frame charts, see that daily and weekly are on down trends that haven't posted lower lows yet so trade with the trend.

There's no fundamental reason for gold to go up on top of that, so riding mega moves down is far more profitable than trying to catch a falling knife. This is why so many retail traders fail, thinking after 9 red candles it must be a green one next.
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