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  • #35,721
  • Jul 16, 2024 12:46am Jul 16, 2024 12:46am
I think the only reason gold is going up becoz of trump attack , let the news cool down little bit then it will be back to normal 2350 zone easily, trade safe be safe
  • #35,722
  • Jul 16, 2024 1:45am Jul 16, 2024 1:45am
Quoting Karanjot
I think the only reason gold is going up becoz of trump attack , let the news cool down little bit then it will be back to normal 2350 zone easily, trade safe be safe
Attack on trump has nothing to do with gold going up. You should really learn economics to better your understanding.

"Gold has appreciated, buoyed by last week’s lower US CPI data with the path of least resistance to the upside. The precious metal thrives in a low interest rate environment and the mere anticipation of a rate cut from the Fed in September has re-awoken gold bulls."
  • #35,723
  • Jul 16, 2024 2:00am Jul 16, 2024 2:00am
This month XU moved just with SMT , S/R
i think today very Bearish, market need some liquidity
Attached Image (click to enlarge)
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  • #35,724
  • Jul 16, 2024 2:07am Jul 16, 2024 2:07am
Is anyone able to explain how they are able to use SMT with gold?
  • #35,725
  • Jul 16, 2024 2:34am Jul 16, 2024 2:34am
Quoting Bflyfx
Got in from 2395 and will add more buys for an assault at 2480 That is the plan for this week
With or without more pullbacks move towards 25oo in progress
I only follow traders with IQ above 160
  • #35,726
  • Edited 4:06am Jul 16, 2024 3:52am | Edited 4:06am
With a good analysis, we believe everybody can do this. Enter your trade and do not rush your entries, set up with a proper risk management.

I am still on the demo account, practising, see attached charts. One gets better the more one practices.
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  • #35,727
  • Jul 16, 2024 4:12am Jul 16, 2024 4:12am
Quoting NolanFelix
Hi Traders, I'm shorting here. I wanted to short from 2316, but I wasn't at home, so I entered late at 2314.{image} Let's see what our return will be. Please don't copy my trades. You don't know why you're in this trade, and that means if you lose or win, you will learn nothing. So please don't do that. Thank you.
SL hit!!!

Mistakes that i made is,
1. Trading against the trend (4h).
2. Making decisions while tired and low on energy.
3. Experiencing FOMO (Fear of Missing Out).

I will follow these rules avoid these mistakes
1. **Follow the Trend**: Stick to trading with the trend, especially on higher time frames like the 4-hour chart.
2. **Energy Levels**: Only trade when you are well-rested and focused. Avoid making decisions when you're tired or distracted.
3. **Plan Ahead**: Have a clear trading plan and stick to it. This can help reduce impulsive decisions driven by FOMO.

Attached Image (click to enlarge)
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Everyone can check the mistakes I made and please let me know if you have any suggestions.

ThankYou
  • #35,728
  • Jul 16, 2024 4:17am Jul 16, 2024 4:17am
Quoting krishn
With a good analysis, we believe everybody can do this. Enter your trade and do not rush your entries, set up with a proper risk management. I am still on the demo account, practising, see attached charts. One gets better the more one practices. {image} {image}
Hello, I am happy to see you practicing well. I just want to point something out that will help you when the live account comes into play.

You wont be able to have the same results scalping on live as you do demo, lack of spreads, commission, true swap etc etc etc. You will need to have a higher tp. A scalp that you win 2 pips on a demo, may be -1 on a live account. If you are getting .50 cents on a demo account, that will not be profitable on a live account. Give yourself more TP to see better results when you go live. The idea is right, you will just need more. Cheers and best of luck.

PS. IRONFX is the biggest scam broker in the business. I dont know what affiliation you have with them, but run far, far away, or use google. But they will NEVER pay you, EVER. They have decades of scams under their belts and are highly trained at stealing your money. I was around when their offices got raided and they were drug out into the streets.
TechKnow
  • #35,729
  • Jul 16, 2024 4:42am Jul 16, 2024 4:42am
Quoting NolanFelix
{quote} SL hit!!! Mistakes that i made is, 1. Trading against the trend (4h). 2. Making decisions while tired and low on energy. 3. Experiencing FOMO (Fear of Missing Out). I will follow these rules avoid these mistakes 1. **Follow the Trend**: Stick to trading with the trend, especially on higher time frames like the 4-hour chart. 2. **Energy Levels**: Only trade when you are well-rested and focused. Avoid making decisions when you're tired or distracted. 3. **Plan Ahead**: Have a clear trading plan and stick to it. This can help reduce impulsive...
Trust me, trend of 4h changed more than once lately.
gold running by big OF and it will stop when they think this is the time to stop.
some people think they know the next all time highs level to sell..
lol.
good luck with that
  • #35,730
  • Jul 16, 2024 4:58am Jul 16, 2024 4:58am
Quoting adamwaver
2420-2425 is a strong selling area. we can short gold now for 2395 target.
How is that working for you?

Better polish up that crystal ball a bit more....

It takes a lot for me to IGNORE you, but you can try.
  • #35,731
  • Jul 16, 2024 4:58am Jul 16, 2024 4:58am
Quoting Whale
{quote} Trust me, trend of 4h changed more than once lately. gold running by big OF and it will stop when they think this is the time to stop. some people think they know the next all time highs level to sell.. lol. good luck with that
Yeah this is the main issue with gold, highly manipulated. Really looking forward to tapping all the bottom liquidity. And who wants to Buy this high, when you can get trapped anytime. It is really frustrating. Be strong and hedge if absolutely possible.

Divergence needed!
"Who Dares Wins"
  • #35,732
  • Jul 16, 2024 5:03am Jul 16, 2024 5:03am
Quoting Techknow
{quote} Hello, I am happy to see you practicing well. I just want to point something out that will help you when the live account comes into play. You wont be able to have the same results scalping on live as you do demo, lack of spreads, commission, true swap etc etc etc. You will need to have a higher tp. A scalp that you win 2 pips on a demo, may be -1 on a live account. If you are getting .50 cents on a demo account, that will not be profitable on a live account. Give yourself more TP to see better results when you go live. The idea is right,...
Hi Techknow, thank you for your advice about spreads when trading on a Live account. I will read more about this.

Regarding Iron FX demo account. I don't have a Live account with them. I don't have currently with any broker. The last time that I had a live account was with Alpari UK, but they got shut down, administration and or liquidated or something like that. I did get back my money that was still left, but not all of it. Mostly I had a total loss of the sum in the account when as a newbie I started trading live with them believing that I can do this without studying.

How blind and wrong was I. Just like someone to go driving a car without learning the skill to drive on the road with other drivers, people etc around. It's pure insanity. Ever since then I said to myself, no, learn the skills to trade, practice, practice and improve oneself first before going live. Most important of all is how one control their emotion when trading: Fear, Greed, Over trading Revenge trading, Overconfidence that suddenly results in starting to make mistakes after mistakes.

I take screen captures of the practice trades that I do and write what happened and what went as per plan, what didn't. I delete the old captures that I have moved on from.

Furthermore, I also wish you all the best, you are a good person. May God bless you with luck always.

I am still practising, I don't believe I am good yet and want to be better at this. Or to be the best at this.

My next practised trade, see attached chart, I just took while watching Price Action on XAUUSD.
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  • #35,733
  • Jul 16, 2024 5:06am Jul 16, 2024 5:06am
Quoting Ravenfeeder
{quote} Yeah this is the main issue with gold, highly manipulated. Really looking forward to tapping all the bottom liquidity. And who wants to Buy this high, when you can get trapped anytime. It is really frustrating. Be strong and hedge if absolutely possible. Divergence needed!
im out since yesterday.
i have my time to think on my new order.
was excellent one at 2435, but as you said, who want to buy here.
  • #35,734
  • Jul 16, 2024 5:22am Jul 16, 2024 5:22am
Quoting krishn
{quote} Hi Techknow, thank you for your advice about spreads when trading on a Live account. I will read more about this. Regarding Iron FX demo account. I don't have a Live account with them. I don't have currently with any broker. The last time that I had a live account was with Alpari UK, but they got shut down, administration and or liquidated or something like that. I did get back my money that was still left, but not all of it. Mostly I had a total loss of the sum in the account when as a newbie I started trading live with them believing that...
Believe it or not most people fail on a demo as well, you are doing it right, just give yourself some more profit, i bet you are cutting yourself short more than you have too. Results like this wont translate but work ethic will and technique will. Practice getting another pip on your tps and youll be right there with the best of them. Cheers
TechKnow
  • #35,735
  • Jul 16, 2024 5:25am Jul 16, 2024 5:25am
Quoting krishn
{quote} Hi Techknow, thank you for your advice about spreads when trading on a Live account. I will read more about this. Regarding Iron FX demo account. I don't have a Live account with them. I don't have currently with any broker. The last time that I had a live account was with Alpari UK, but they got shut down, administration and or liquidated or something like that. I did get back my money that was still left, but not all of it. Mostly I had a total loss of the sum in the account when as a newbie I started trading live with them believing that...
You are doing the right things and being cautious which is good. However, in your place, I would practice with a live account and very small trades (0.01 lots). There is a world of difference between live and demo. After you become profficient, slowly increase the lot size. There is no hurry, one step at a time...
Observation is the path to discovery.
  • #35,736
  • Jul 16, 2024 6:25am Jul 16, 2024 6:25am
Anyone knows that what will the next move of the market ??? (XAUUSDT)
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  • #35,737
  • Jul 16, 2024 6:45am Jul 16, 2024 6:45am
Price is getting squeezed, soon price should show where it wanna go. Probably i will start to search entry for short after NY session will sweep London session high and will make EG sell or orderflow @ 5min TF or 15Min TF.Attachment g
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  • #35,738
  • Jul 16, 2024 6:46am Jul 16, 2024 6:46am
Quoting profits7
{quote} ____________ no Losses , here history from 1 frikkin dealer , I use 4 dealers to stay under their Radar ! {image}
where are u?
whats your idea about us news?
  • #35,739
  • Jul 16, 2024 6:50am Jul 16, 2024 6:50am
Quoting Ras62
{quote} where are u? whats your idea about us news?
______________ I'll Not post here NO more !
Don’t focus on making $$$, focus on protecting what you have.
  • #35,740
  • Jul 16, 2024 6:54am Jul 16, 2024 6:54am
Quoting profits7
{quote} ______________ I'll Not post here NO more !
why???
please dont focous on haters...
you are great
thats it
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