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  • #31,201
  • Apr 15, 2024 3:10pm Apr 15, 2024 3:10pm
Quoting Techknow
{quote} Im not offended at all. I welcome all criticism; I would never have gotten to where I am if I did not accept that I can and will be wrong. I think starting with a small amount is great. I, however, would not recommend it on gold. I also want nothing but the best for every single person here; anyone who follows my journal knows that, and I try to convey that message here as well. Trading is really difficult; I don't think it helps people to give them an unrealistic view. I fully believe every single person in the forum is capable of being...
yes buddy that what i want to hear if some one is doing wrong or newbie i this paltform so i must told that dont trade on gold if u have big account, now i m agree with Techknow buddy so hear it what he say. And friends please if you want to earn big amount then learn big for your dream learn from every one, every strategy then apply which one is work with high probability and use it with a perfect plan and now boom you will earn however what small is your account simple..
  • #31,202
  • Apr 15, 2024 3:13pm Apr 15, 2024 3:13pm
Long 3 position at 2337 open sl and tp with 2430 so now let se what would happend in the upcomming hours
  • #31,203
  • Apr 15, 2024 3:46pm Apr 15, 2024 3:46pm
Quoting Mcbeaners
gold looks more a short here. but past my trading window so won't touch it.
well wrong on that call. glad i didn't try it.

da boyz look like they are losing control of the dollar and gold markets. it will be interesting to see what happens when the dollar turns and it will. would gold go with it?
In tea leaves we trust!
  • #31,204
  • Apr 15, 2024 4:58pm Apr 15, 2024 4:58pm
Okay since the chat has gone on growing a small account into larger ones, let me tell you, it is possible, but it is extremely difficult for a Novice trader or a trader who does not have a proper strategy. To overcome the difficult aspect, one needs risk management and micro lot sizes and a lot of training in place. What kills is Over Confidence and it starts with a focus around $$ and not the setup, and that is where the problem lies. One should focus on the trade and trade setup not the Amount of Gain.. if your trade is right, the setup is right and your EP is well managed and your SL placed correctly, one should be good. The key is to focus on the trade not the $ value, yet many don't.. and with GOLD, you are talking about Extreme Volatility where Big Institutions are involved. See Last Friday and Today's PA are such examples.. and today the market Gapped up during opening, drops 438 Pips and went around 632 pips .. a recover of around 2.65% from the last drop .. many traders fall in to the trap that gold will continue to fall but it moved away .. Good Traders always cut their losses, but great traders Switch directions. if the market is bearish and gives you a rebound of 632 pips, why one would not take it .. i really wonder !

I am posting a video of a guy I personally know who has turned $500 to a million, did not trade Gold, rather crypto, but the question is can you convert a small $500 account to a million ? yes you very well can .. Watch him do it live and teach people.. it is possible but requires discipline, strategy, risk management, pattern recognition and patience . .. no offense to the community on promoting crypto in a gold forum .. its just on the subject of growing a small account.. Cheers !!

Inserted Video
Candlesticks dont move markets, Volume does
  • #31,205
  • Apr 15, 2024 5:09pm Apr 15, 2024 5:09pm
war news is fully priced in and in the gold price now at 2384. If I dont see any war news in next 24-48 hrs a possible sell opportunity is coming
  • #31,206
  • Apr 16, 2024 12:37am Apr 16, 2024 12:37am
Quoting Praetorion
Okay since the chat has gone on growing a small account into larger ones, let me tell you, it is possible, but it is extremely difficult for a Novice trader or a trader who does not have a proper strategy. To overcome the difficult aspect, one needs risk management and micro lot sizes and a lot of training in place. What kills is Over Confidence and it starts with a focus around $$ and not the setup, and that is where the problem lies. One should focus on the trade and trade setup not the Amount of Gain.. if your trade is right, the setup is right...

HI guys, I'm new over here and about a month into trading. I can testify that it is possible to grow your account from a small balance. I initially started with a deposit of R300, that is roughly 13USD. I was very cautious, I had the lowest possible lot sizes 0.01 and made it a goal to at least make 100USD a week.

I grew my account from 13USD to 3100USD, I implemented gradual increase of lot sizes as the weeks went on. But because gold had picked up so crazy the last couple of weeks I managed to take bigger risks and ended up gaining a lot.

However, last week Friday threw a spanner in the works for me. I was completely shook. I am inexperienced when it comes to trading around news events. I lost all my money I worked so hard for within minutes. Yesterday (Monday) just added more flames. I am now having to rebuild my account back up from around 50USD.

So many lessons I am learning. Trading is actually showing me how unconscious and impulsive I can be and how I do not make conscious and calculated decisions at times. I had to learn the hard way I suppose.

One thing to note was that I started out with a small account very meticulous, taking smaller trades with smaller lot sizes, but as soon as I took bigger trades and I saw I was winning, I became a bit irresponsible and ill-disciplined.

Perhaps I had beginner's luck.
  • #31,207
  • Apr 16, 2024 2:17am Apr 16, 2024 2:17am
My Daily Pivots & Range
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  • #31,208
  • Apr 16, 2024 2:22am Apr 16, 2024 2:22am
dxy is a "volume profile" high value point, so could top out (reverse) here.

what wll that do with gold? they both have been going up of late.
In tea leaves we trust!
  • #31,209
  • Apr 16, 2024 5:45am Apr 16, 2024 5:45am
no news or events today for usd....so we will see a way of gold which is not manipulated by news......let's see
Be Calm In Every Situation
  • #31,210
  • Apr 16, 2024 5:51am Apr 16, 2024 5:51am
Quoting sambhav30
no news or events today for usd....so we will see a way of gold which is not manipulated by news......let's see
Why? This should be interesting - @Fed Chair Powell Speaks@
  • #31,211
  • Apr 16, 2024 5:52am Apr 16, 2024 5:52am
Buy limit,aiming for 50 pips
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  • #31,212
  • Apr 16, 2024 5:56am Apr 16, 2024 5:56am
Quoting Gadich
{quote} Why? This should be interesting - @Fed Chair Powell Speaks@
I'm hoping a very hawkish Powell brings Gold down, hopefully below 2223 today, seeing as inflation is sticky and they might contemplate hiking rates (Republican fiasco, lol, and should see Gold tank hard and DXY + treasuries rally).
"Who Dares Wins"
  • #31,213
  • Apr 16, 2024 6:22am Apr 16, 2024 6:22am
Bought aiming equal high
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  • #31,214
  • Apr 16, 2024 7:02am Apr 16, 2024 7:02am
Quoting Ravenfeeder
{quote} I'm hoping a very hawkish Powell brings Gold down, hopefully below 2223 today, seeing as inflation is sticky and they might contemplate hiking rates (Republican fiasco, lol, and should see Gold tank hard and DXY + treasuries rally).
i hope so my friend. Do you really mean 2223 or 2323? Hoping for bearish times for a while now…
  • #31,215
  • Apr 16, 2024 7:05am Apr 16, 2024 7:05am
I have alerts set around 2365 area.

Nice area for it to dip into with isreal threat of counter attack still in play.

Market will range about until we have a better idea of what the counter attack is


2327 will be bigger lot size buys if it dips in further
  • #31,216
  • Apr 16, 2024 7:14am Apr 16, 2024 7:14am
MY GOLD TRADE PLAN
as we await the whales to expose their set ups so we join in. Those who love using limit price order can buy Gold on circle 1 & 2 and aim for $2480 or even $2500
But if gold goes below the 200 ema and the buy OB that pushed prices up yesterday then we can see like 1000 pips move to the downside
DYOR I am just another regular trader
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ryoiki tenkai : Blue Juggernaut
  • #31,217
  • Apr 16, 2024 7:17am Apr 16, 2024 7:17am
Quoting TryKai
{quote} HI guys, I'm new over here and about a month into trading. I can testify that it is possible to grow your account from a small balance. I initially started with a deposit of R300, that is roughly 13USD. I was very cautious, I had the lowest possible lot sizes 0.01 and made it a goal to at least make 100USD a week. I grew my account from 13USD to 3100USD, I implemented gradual increase of lot sizes as the weeks went on. But because gold had picked up so crazy the last couple of weeks I managed to take bigger risks and ended up gaining a lot....
I try not to trade on Fridays. Its got a tendency to either take your account or trap you in trades which will eventually take your account. Looking at last Fridays range - between +/- 2430 and +/- 2330. True, not all Fridays are the same but not taking any chances.
Janus Return Today: 139.3%
  • #31,218
  • Apr 16, 2024 7:32am Apr 16, 2024 7:32am
Quoting AlfieSolomon
Bought aiming equal high {image}
Bagged 45+ pips
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  • #31,219
  • Apr 16, 2024 7:34am Apr 16, 2024 7:34am
Still holding my shorts from yesterday
Think longterm not shortterm
  • #31,220
  • Apr 16, 2024 7:37am Apr 16, 2024 7:37am
What I'm thinking of
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