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  • #43,821
  • Sep 20, 2024 12:03pm Sep 20, 2024 12:03pm
so long story short..I've lost last 2 weeks around 8k USD based on my prediction to FED (25 and will collapse to 2531, instead of 50points and no correction, there were many posts it will collapse even after 50 because it means disaster message to market as recession...it didn't)..wanted to recover by reading stories like will come back to 2500 will drop to 2300..not pointing at anybody it was my decision to keep short for too long. done my own analyses but my fault to stick to this place too much...

lesson learned..will I recover don't know.

at the end who remembers about falling angels
  • #43,822
  • Edited 1:04pm Sep 20, 2024 12:04pm | Edited 1:04pm
Quoting profits7
{quote} __________ TP2 @2651 still 2Day
________ posted this 9 days AGO = da RunAway train = only W.D. Gann paid attention to this
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Don’t focus on making $$$, focus on protecting what you have.
  • #43,823
  • Sep 20, 2024 12:04pm Sep 20, 2024 12:04pm
Sellers got annihilated.
GL with that.
Told ya, probability to win majority of the time lies with price structure, not candlestick.
Candlestick is a 2nd tier trading tool.
Price structure is the first tier.
Nothing beat price structure. Not even wave analysis.

It is the price structure that build the wave and keep it going. While the wave analysis is just a probability what next is to be expected using from where we came from to where we are.
If price structure confirms what is expected, the price structure starts building upon itself in favour of the wave.
More time in the market, does not mean you trade better!
  • #43,824
  • Sep 20, 2024 12:07pm Sep 20, 2024 12:07pm
That sounds to me like a very very small position even with larger account. If I do $5k of profit, 5% is $250 meaning, if the stop loss is lets say $10 (100 pips), the initial position size will be 0.25 lot. Divide by 3 means 0.08 lot ($8 per 1$ move). If you do 5k a week, then your account is probably way above 100k. Very few traders here have this account size.
  • #43,825
  • Sep 20, 2024 12:08pm Sep 20, 2024 12:08pm
Quoting pedro319
We should get another pullback soon.
what do you consider in your meaning as a pull back.. 4-5-10-15 usd down?
  • #43,826
  • Sep 20, 2024 12:14pm Sep 20, 2024 12:14pm
Quoting Silver-King
{quote} By which time we will both retire! Am I right or am I right?
For sure but there is room for more and more
Look ahead. Reste positif
  • #43,827
  • Sep 20, 2024 12:14pm Sep 20, 2024 12:14pm
with the momentum gold got since FOMC if for some reason it closes sub 2600 it would be very bearish. any closes above 2628 would target 2642 and 2675. I know we are at crazy levels. but lot of ppl have shorted gold at 2400-2500-2600. so need to take those ppl out or 80% is cleared I should say
  • #43,828
  • Sep 20, 2024 12:15pm Sep 20, 2024 12:15pm
Quoting Robin.
{quote} what do you consider in your meaning as a pull back.. 4-5-10-15 usd down?
This one happening now, hopefully to 38.2 fib H1
We watch the charts from every angle so you don't have to!!
  • #43,829
  • Sep 20, 2024 12:21pm Sep 20, 2024 12:21pm
The 95% win rate with risk:5 reward:1.

Btw shouldn't it be other way?
Reward: 5 Risk:1
More time in the market, does not mean you trade better!
  • #43,830
  • Sep 20, 2024 12:25pm Sep 20, 2024 12:25pm
Quoting Robin.
at the end who remembers about falling angels
I do.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #43,831
  • Sep 20, 2024 12:28pm Sep 20, 2024 12:28pm
Quoting pedro319
{quote} This one happening now, hopefully to 38.2 fib H1
Can you explain what it means to 38.2 fib on an hourly please?
  • #43,832
  • Sep 20, 2024 12:32pm Sep 20, 2024 12:32pm
Quoting Fardeen1209
The 95% win rate with risk:5 reward:1. Btw shouldn't it be other way? Reward: 5 Risk:1
It depends on the size of the move you are expecting.
I expect a decent pullback, monthly chart. Got it?
I only use split entry for counter moves.
We watch the charts from every angle so you don't have to!!
  • #43,833
  • Sep 20, 2024 12:33pm Sep 20, 2024 12:33pm
Quoting shnackattack
{quote} Can you explain what it means to 38.2 fib on an hourly please?

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  • #43,834
  • Sep 20, 2024 12:34pm Sep 20, 2024 12:34pm
I really respected Pedro, I even asked for his help for some information, but when I saw the Lamborghini post on Twitter, I realized this whole thing was getting ridiculous. Pedro, I’m asking you, you're promising a Lambo, you should have a Lambo dealership, do you have one?
  • #43,835
  • Sep 20, 2024 12:34pm Sep 20, 2024 12:34pm
Quoting Garadia
I really respected Pedro, I even asked for his help for some information, but when I saw the Lamborghini post on Twitter, I realized this whole thing was getting ridiculous. Pedro, I’m asking you, you're promising a Lambo, you should have a Lambo dealership, do you have one?

I assumed he was ironic...
  • #43,836
  • Sep 20, 2024 12:35pm Sep 20, 2024 12:35pm
Quoting Garadia
I really respected Pedro, I even asked for his help for some information, but when I saw the Lamborghini post on Twitter, I realized this whole thing was getting ridiculous. Pedro, I’m asking you, you're promising a Lambo, you should have a Lambo dealership, do you have one?
Did you lose money today? A lot??

Quoting NrSLionHeart
{quote} I assumed he was ironic...
It was irony, making fun of people who promise you Lambos
We watch the charts from every angle so you don't have to!!
  • #43,837
  • Sep 20, 2024 12:48pm Sep 20, 2024 12:48pm
Quoting pedro319
{quote} It depends on the size of the move you are expecting. I expect a decent pullback, monthly chart. Got it? I only use split entry for counter moves.
At this price i also expecting a correction. If price break below 2600 low, 2530 target is on table.
If the internal structure is not yet broken (shift in price structure) we cannot expect a correction.
More time in the market, does not mean you trade better!
  • #43,838
  • Sep 20, 2024 12:50pm Sep 20, 2024 12:50pm
There will be no meaningful correction today, Israel is softening Hezbollah and most probably they will attack over the week-end. If this happens then the gold will go to the moon!!
  • #43,839
  • Sep 20, 2024 12:52pm Sep 20, 2024 12:52pm
Quoting NrSLionHeart
{quote} {image}
Thanks!
  • #43,840
  • Sep 20, 2024 12:55pm Sep 20, 2024 12:55pm
Quoting pedro319
{quote} Did you lose money today? A lot?? {quote} It was irony, making fun of people who promise you Lambos
Bla Bla bla

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