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  • #27,821
  • Mar 6, 2024 10:44am Mar 6, 2024 10:44am
When’s the rug pull coming
  • #27,822
  • Mar 6, 2024 10:44am Mar 6, 2024 10:44am
Quoting Srnz7
{quote} Don't stress yourself sleep it out for today if possible for this week and start next week, if you're already in a trade that is running blues set BE and forget with a proper TP and if it's in red with small loss close it if it's a huge loss I have no comments. Happy trading.
already booked Loss... because when i trade on buy then Red occur, if i trade on sell then screen is Blue... what the This....
  • #27,823
  • Mar 6, 2024 10:47am Mar 6, 2024 10:47am
Quoting Srnz7
{quote} Don't stress yourself sleep it out for today if possible for this week and start next week, if you're already in a trade that is running blues set BE and forget with a proper TP and if it's in red with small loss close it if it's a huge loss I have no comments. Happy trading.
when you have a huge loss, whatever decision you take will be a bad decision. I'm in this situation now.
  • #27,824
  • Mar 6, 2024 11:00am Mar 6, 2024 11:00am
Quoting Eren10
{quote} Could happen if the price passes ~2150. Then maybe towards ~2180
Gold hit the price 4150

what do you think will happen now?
  • #27,825
  • Mar 6, 2024 11:03am Mar 6, 2024 11:03am
Quoting Zaatar
{quote} when you have a huge loss, whatever decision you take will be a bad decision. I'm in this situation now.
Money management and stoploss are the key for success alongside a consistent strategy and a daily target, Without any of these, being a scalp trader is just nightmare. Aim for a long term goal and work towards it.
Never stop learning. Improvise, adapt, overcome.
  • #27,826
  • Mar 6, 2024 11:04am Mar 6, 2024 11:04am
Quoting Zaatar
{quote} Gold hit the price 4150 what do you think will happen now?
I don't know but it is very bullish everything against dollar right now. Let's see if the price goes over 2150.
  • #27,827
  • Mar 6, 2024 11:05am Mar 6, 2024 11:05am
Quoting Pk-ish
{quote} already booked Loss... because when i trade on buy then Red occur, if i trade on sell then screen is Blue... what the This....
I can understand that feeling but the thing is getting off of your main account open a demo search for a better strategy test it out and if you feel confident enough then trade on a live account there's a lot of knowledge on the internet or even here in forex factory so learn as much as you can it's gonna be worth it.
Never stop learning. Improvise, adapt, overcome.
  • #27,828
  • Mar 6, 2024 11:05am Mar 6, 2024 11:05am
Quoting Techknow
{quote} Keeping the long-term USDX open at all times is paramount if you are a gold trader. It always offers a clear picture. Dollar bears are always funny to me, the dollar will never die. Ever. If the dollar dies, we all are dead already, and none of this would matter. The drag on the rest of the currency markets would be cataclysmic, to say the least. The lowest I can see dollar going is the 102.60 ish area which will be devastation for gold long term. Gold also has the pull from several gaps, one extremely large in the 1840s area. Something...
Looking for 102.60 ish still
TechKnow
  • #27,829
  • Mar 6, 2024 11:07am Mar 6, 2024 11:07am
Quoting Geevs
When’s the rug pull coming
At this point it's really of no use cause you can't buy fearing of buying at the highest point as it is now and you can't sell fearing if it's gonna pump up even more so all we can do is just watch the show like lucky said or if you wanna really take the trade use very small lot size and test your luck.
Never stop learning. Improvise, adapt, overcome.
  • #27,830
  • Mar 6, 2024 11:08am Mar 6, 2024 11:08am
Quoting Techknow
{quote} Looking for 102.60 ish still
I remember usdx going below 100 last year and I can still imagine myself praying for it rise up so that gold can come down but eventually I blew my account lol pure nightmares but looking back then and now a lot of my psychology has changed and I need to improve more.
Never stop learning. Improvise, adapt, overcome.
  • #27,831
  • Mar 6, 2024 11:14am Mar 6, 2024 11:14am
Quoting Srnz7
{quote} At this point it's really of no use cause you can't buy fearing of buying at the highest point as it is now and you can't sell fearing if it's gonna pump up even more so all we can do is just watch the show like lucky said or if you wanna really take the trade use very small lot size and test your luck.
As soon as the big boys start taking there profits it could drop significantly, it’s been pumping for 6 days. Profit taking got to come at some point
  • #27,832
  • Mar 6, 2024 11:19am Mar 6, 2024 11:19am
Quoting Geevs
{quote} As soon as the big boys start taking there profits it could drop significantly, it’s been pumping for 6 days. Profit taking got to come at some point
what are they waiting for to take their profit. They think maybe it will go to 3000?
  • #27,833
  • Mar 6, 2024 11:24am Mar 6, 2024 11:24am
Seller? Just my personal opinion. Trade safe
Attached Image (click to enlarge)
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Look right, we'll see the signs
  • #27,834
  • Mar 6, 2024 11:28am Mar 6, 2024 11:28am
Quoting Srnz7
{quote} At this point it's really of no use cause you can't buy fearing of buying at the highest point as it is now and you can't sell fearing if it's gonna pump up even more so all we can do is just watch the show like lucky said or if you wanna really take the trade use very small lot size and test your luck.
As soon as the big boys start taking there profits it could drop significantly, it’s been pumping for 6 days. Profit taking got to come at some point
  • #27,835
  • Mar 6, 2024 11:34am Mar 6, 2024 11:34am
everyday... 100 pips.... hehehe
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  • #27,836
  • Mar 6, 2024 11:48am Mar 6, 2024 11:48am
Quoting Geevs
{quote} As soon as the big boys start taking there profits it could drop significantly, it’s been pumping for 6 days. Profit taking got to come at some point
Some traders are still buying even at this hight price. I can't believe it!
  • #27,837
  • Mar 6, 2024 12:03pm Mar 6, 2024 12:03pm
Quoting Zaatar
{quote} Some traders are still buying even at this hight price. I can't believe it!
you should’ve cut your losses a long time ago. Gold is bullish and its not stopping till 2190-2200
  • #27,838
  • Mar 6, 2024 12:05pm Mar 6, 2024 12:05pm
Quoting Khenedee
{quote} you should’ve cut your losses a long time ago. Gold is bullish and its not stopping till 2190-2200
Yes you are right, but my loss is very high and I really dont know what to do.
What is worst is that the broker allows to fund your account and it appears immediatly in your account balance if you are using a credit card. Several times when my free marging becomes low, I fund my account again and again.
  • #27,839
  • Mar 6, 2024 12:07pm Mar 6, 2024 12:07pm
Quoting Zaatar
{quote} Yes you are right, but my loss is very high and I really dont know what to do.

accept defeat and let it go
better to take huge losses than to lose your account.

you have been holding for long just let it go
  • #27,840
  • Mar 6, 2024 12:11pm Mar 6, 2024 12:11pm
Quoting Zaatar
{quote} Yes you are right, but my loss is very high and I really dont know what to do. What is worst is that the broker allows to fund your account and it appears immediatly in your account balance if you are using a credit card. Several times when my free marging becomes low, I fund my account again and again.
Dont do it... let it burn.. dont throw more woods to the fire.
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