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  • #35,941
  • Jul 18, 2024 2:51am Jul 18, 2024 2:51am
Quoting Ogscrilla
{quote} Good one ..... Like I've always said my risk mngt. Is my trading strategy And I can always know when to change my bias That's why I allow Mr. SL do is work anytime I pay
I see, I apologise about my previous comment. I don’t like how it may have come across.
  • #35,942
  • Jul 18, 2024 2:54am Jul 18, 2024 2:54am
Quoting Techknow
I closed most of my shorts at 2453.50 I longs at this zone and will set my stops to +1. I think price can go back to retest or break highs one more time. In case it doesnt ill leave a short runner open. Edit: Stops set to +1 risk free
Longs from 2453 price is now 2472, ive moved my stops up to 2465. Nice profit locked in but I am looking for higher, I wouldnt mind seeing a test of the high or a new high around 2380-90. Everyone looks short so thats a pretty good indicator it will pump us at least one more time to the high or more to get the rest of the retailers out. I think Ill look to short heavily around 2485-90 area. Im kinda looking for something like this.
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TechKnow
  • #35,943
  • Jul 18, 2024 2:57am Jul 18, 2024 2:57am
Quoting keepitup
{quote} I see, I apologise about my previous comment. I don’t like how it may have come across.
It's alright mate.
Good trades
  • #35,944
  • Jul 18, 2024 2:57am Jul 18, 2024 2:57am
Quoting profits7
{image}
where are you my friend?
It seems gold show power
  • #35,945
  • Jul 18, 2024 2:59am Jul 18, 2024 2:59am
Quoting Ras62
{quote} where are you my friend? It seems gold show power
Power to go down, wait for NY open
People don't plan to lose. They lose because they don't plan.
  • #35,946
  • Jul 18, 2024 3:12am Jul 18, 2024 3:12am
Quoting scalafx
{quote} power to go down, wait for ny open
yes you are right
but i think us news push gold to up(+2490)
and then fall to area 2460-2455
  • #35,947
  • Jul 18, 2024 3:33am Jul 18, 2024 3:33am
Quoting pedro319
{quote}
your 74 is still good for scalping and otherwise
I only follow traders with IQ above 160
  • #35,948
  • Jul 18, 2024 3:53am Jul 18, 2024 3:53am
Quoting Orand
Long as TC at 2472 Sl : 2469 TP : 2476 ----------------------------
I am going to start opening trades opposite of yours...
Not saying it in a bad way. Wish you better luck next time.
When I open trades they also end up being bad ... for the past two weeks like 90% of my trades are bad, 5 blown accounts.
I am starting to get desperate and lose hope.
  • #35,949
  • Jul 18, 2024 4:07am Jul 18, 2024 4:07am
Quoting ScalaFX
{quote} Power to go down, wait for NY open
today will be bloody red, lets see, maybe Im wrong
People don't plan to lose. They lose because they don't plan.
  • #35,950
  • Jul 18, 2024 4:20am Jul 18, 2024 4:20am
Quoting ScalaFX
{quote} today will be bloody red, lets see, maybe Im wrong
I hope so too, if we can settle below 2449, that will be great for further advancement downwards. Buy the dip as usual with Gold.
"Who Dares Wins"
  • #35,951
  • Jul 18, 2024 4:22am Jul 18, 2024 4:22am
In my opinion, gold will fall tonight and the down channel will return to 2405 =>> after that and will return to the 2440-2480 area again before we see the waterfall of the big bears starting from August 1st. - August 10
These are the indicators I found for reference only and my English is not good
  • #35,952
  • Jul 18, 2024 4:33am Jul 18, 2024 4:33am
‏gold has slightly retraced to the trend line. The price has reached a critical support level and is testing MA50, so two options are possible.
If XAUUSD breaks the trend line below 2465 and falls below the nearest fractal, it will drop to 2452.
Otherwise, a rebound will bring Gold back to 2499.
Success is not final, failure is not fatal... - Winston Churchill
  • #35,953
  • Jul 18, 2024 4:33am Jul 18, 2024 4:33am
Quoting ScalaFX
{quote} today will be bloody red, lets see, maybe Im wrong
EVEN WITH NEWS?
  • #35,954
  • Jul 18, 2024 4:54am Jul 18, 2024 4:54am
Quoting deathwingbg
{quote} I am going to start opening trades opposite of yours... Not saying it in a bad way. Wish you better luck next time. When I open trades they also end up being bad ... for the past two weeks like 90% of my trades are bad, 5 blown accounts. I am starting to get desperate and lose hope.
5 blown accounts in 2 weeks? Please take this advice. Stop trading for 1 week. Take all the money you would put in 5 deposits and put it all n at once. Cut your position size to the minimum no matter how much money you deposit. GET INTO THE HABIT OF WINNING FIRST. Only make 1 trade at a time. Then increase your lot size.

Dont get discouraged that you are not winning trades, get discouraged that you are not evolving and making the same mistakes again and again. This happens a lot when people are learning. They make a mistake and want to fix it fast and do the same thing over and over till they quit. This is a long game, take a deep breathe. Walk away for a week. Get yourself a fresh account with fresh deposit and make the smallest trade your account will allow.

After my beginners luck streak that most traders have and inevitably mess up due to greed. I blew about 7498798327493287493287493287432987 accounts over a 1-2 year period. One day I decided to actually listen to someone's advice. I stopped letting my drawdown get over 15-20%, I learned to cut off my losing trades. I learned how to hedge. I learned to trade what I see and not what I feel.

Diversify multiple main accounts.

Have a side account to blow of steam and make mistakes on.

If you dont have 500 usd to put in at once, just save your money. Preferably 1000 usd is going to be the lowest deposit that be be converted to future success. Anything under these levels your probability of long-term success plummets statiscally. There are exceptions. 0.03% of the population.

Most funds wont glance at your money on individually managed accounts for anything under 10k-25k USD. That is not because they dont like money, but it is because the risk is far to great to take on for very little return. The paperwork/payout/risk is just not worth it.
TechKnow
  • #35,955
  • Jul 18, 2024 5:00am Jul 18, 2024 5:00am
Quoting Techknow
{quote} Longs from 2453 price is now 2472, ive moved my stops up to 2465. Nice profit locked in but I am looking for higher, I wouldnt mind seeing a test of the high or a new high around 2380-90. Everyone looks short so thats a pretty good indicator it will pump us at least one more time to the high or more to get the rest of the retailers out. I think Ill look to short heavily around 2485-90 area. Im kinda looking for something like this. {image}

Stopped out at 65, nice profit. now watching this trendline
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TechKnow
  • #35,956
  • Jul 18, 2024 5:03am Jul 18, 2024 5:03am
Quoting Techknow
{quote} 5 blown accounts in 2 weeks? Please take this advice. Stop trading for 1 week. Take all the money you would put in 5 deposits and put it all n at once. Cut your position size to the minimum no matter how much money you deposit. GET INTO THE HABIT OF WINNING FIRST. Only make 1 trade at a time. Then increase your lot size. Dont get discouraged that you are not winning trades, get discouraged that you are not evolving and making the same mistakes again and again. This happens a lot when people are learning. They make a mistake and want to fix...
Ooh, good
Well said.
Good advice
  • #35,957
  • Jul 18, 2024 5:04am Jul 18, 2024 5:04am
Quoting Techknow
{quote} 5 blown accounts in 2 weeks? Please take this advice. Stop trading for 1 week. Take all the money you would put in 5 deposits and put it all n at once. Cut your position size to the minimum no matter how much money you deposit. GET INTO THE HABIT OF WINNING FIRST. Only make 1 trade at a time. Then increase your lot size. Dont get discouraged that you are not winning trades, get discouraged that you are not evolving and making the same mistakes again and again. This happens a lot when people are learning. They make a mistake and want to fix...
Hi techknow. I'm new in trading. From what I know hedging is buying and selling in the same time. I've done the same but find that really hard to get out of the trade and always see red numbers in account, which make me really anxious. Can you teach me a correct way of hedging?
  • #35,958
  • Jul 18, 2024 5:30am Jul 18, 2024 5:30am

Took 2466.66 to 2461.84 there. Ill chill before the news but the chart is damning for the bulls unless the fundis change it tonight. Which is extremely possible and I would expect the unexpected.
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TechKnow
  • #35,959
  • Jul 18, 2024 5:40am Jul 18, 2024 5:40am
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I will succeed Not immediately... but definitely
  • #35,960
  • Jul 18, 2024 5:45am Jul 18, 2024 5:45am
ENTRY: 2461
SL: 2451
TP1: 2481
TP2: 2491
TP3: 2499

good luck guys.
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