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  • #47,881
  • Oct 21, 2024 9:58am Oct 21, 2024 9:58am
Move +SL at 2730 to be safe.

2725 is being fought over
The market hides a perfect geometry.
  • #47,882
  • Oct 21, 2024 10:02am Oct 21, 2024 10:02am
Quoting Whale
{quote} fardeen i dont really get your point lately. Especially as a intraday trader. what is wrong by short if you aware to the risk? not all about structure.
Your gold sell screenshot, is not an intraday trade setup. It will take at least 3 days to unfold, thats too in a very pessimistic environment.
Yes, but how many time will you stopped out, trying to catch top/bottom when theres nothing on the chart that says the direction you are trading will happen. Whatever the system, there must be 2 thing, a signal and a confirmation. Only then, we as a trader can work with probability. If even the signal is not in place, then forget about the confirmation, which triggers the orders.
More time in the market, does not mean you trade better!
  • #47,883
  • Oct 21, 2024 10:05am Oct 21, 2024 10:05am
TREND TRADERS RIGHT NOW!

Price trending, why no buying?

Earn 40% in 5 days, lose it all in 1 hour.
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The market hides a perfect geometry.
  • #47,884
  • Oct 21, 2024 10:08am Oct 21, 2024 10:08am
Quoting FulMargnAlch
TREND TRADERS RIGHT NOW! Price trending, why no buying? Earn 40% in 5 days, lose it all in 1 hour. {image}
Ooops be careful, angry bulls may take offense and start a fight
You have to have an IQ higher than 90 to interact with this user.
  • #47,885
  • Oct 21, 2024 10:08am Oct 21, 2024 10:08am
Quoting NrSLionHeart
{quote} I make roughly 60k USD per year from my job. Let's assume that this is 30% of the account. 60k netto + taxes is 110k USD gross amount per year. This means that I need to have 366k working capital. Then you need to factor in the risk that the broker goes under and the 366k is gone. If you are in this business long enough you will know countless cases. Or the broker says that you broke some clause in the 200 pages contract and freezes your funds. Or, or, or... Sometime I think I talk to idiots... IT DOES NOT WORTH IT!!!! Do you have any idea...
Point Number 1: In the MyfxBook you shown, you got an average of 15% return for 7 months, which is good but as I stated and as your myfxbook proved, you cannot do that on a consistent BASIS, meaning you won't do that Year over Year without blowing your account. In your myfxbook in Month 7 you got -75% and month 8 you got -67%. This proved my point exactly lol. You had an average of 15% over 7 months and in the next 2 months your average return fell from 15% to -4%. How do you not see this??

Point Number 2: The risk of losing your capital to a broker mainly arises if you're trading with a poorly regulated one. Reputable brokers keep client funds in separate bank accounts from their operational funds. This ensures that, even if the broker goes insolvent, your funds are protected. Choosing a well-regulated broker minimizes this risk.

Point Number 3: As I stated, most traders don't want to hear it especially when they see fake gurus lying about Flipping $400 into a million dollars to buy a Lambo. But do not be a victim (even though you already are) of the psychological phenomenon called "Base Rate Neglect". You are neglecting the objective probabilities of trading and creating your own false reality. For you to turn $400 into a million dollars the odds state that you have a better chance of getting struck by lightning 10 times consecutively in the same spot, this means you have less than a 0.01% chance of achieving this feat.

Lastly as I said, its your option. If you choose to go against these odds know that you're gambling and as your myfxbook highlighted, when gambling, the house always wins. You are right, 366k in capital is a lot, but if you want to make money from trading... you need capital. Just the same as if you want to make money from your business... you need capital. If you don't have enough capital you will have to endure A LOT more risk, which might not prove fruitful for you or your business.
X - https://x.com/macrodave_
  • #47,886
  • Oct 21, 2024 10:08am Oct 21, 2024 10:08am
Move +SL at 2725!

Could be a turning point or hard continuation. Keep watching, don't marry.
The market hides a perfect geometry.
  • #47,887
  • Oct 21, 2024 10:08am Oct 21, 2024 10:08am
Quoting Hulkisbck
Gold - 15min this week 2694 = weekly pivot coming 100% {image}
nice fall toward 2694
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  • #47,888
  • Oct 21, 2024 10:10am Oct 21, 2024 10:10am
Now it’s playing out how I wanted it to a few days ago. Gold can be really brutal
  • #47,889
  • Oct 21, 2024 10:10am Oct 21, 2024 10:10am
Quoting Nordling
{quote} Ooops be careful, angry bulls may take offense and start a fight
It's okay my friend. We are all learning here.
The market hides a perfect geometry.
  • #47,890
  • Oct 21, 2024 10:11am Oct 21, 2024 10:11am
Quoting FulMargnAlch
Move +SL at 2725! Could be a turning point or hard continuation. Keep watching, don't marry.
What?
It already beyond there..
  • #47,891
  • Oct 21, 2024 10:12am Oct 21, 2024 10:12am
Quoting Fardeen1209
{quote} Your gold sell screenshot, is not an intraday trade setup. It will take at least 3 days to unfold, thats too in a very pessimistic environment. Yes, but how many time will you stopped out, trying to catch top/bottom when theres nothing on the chart that says the direction you are trading will happen. Whatever the system, there must be 2 thing, a signal and a confirmation. Only then, we as a trader can work with probability. If even the signal is not in place, then forget about the confirmation, which triggers the orders.
Is totally an intraday setup.. you obviously not familiar with.
there is a different between a setup to TP.

show me your trades, seems they never hit the stop loss.

but obviously time after time you are not answering my questions ant talk about my trades instead to try prove something you can't
  • #47,892
  • Oct 21, 2024 10:13am Oct 21, 2024 10:13am
Quoting Fardeen1209
{quote} Why? Is it hard to read price structure?
Is it difficult for anyone? Are you not able to read what is written and understand the meaning?
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #47,893
  • Oct 21, 2024 10:13am Oct 21, 2024 10:13am
Quoting Izeey007
{quote} What? It already beyond there..
I mean the daily open could be a turning point or hard continuation.
The market hides a perfect geometry.
  • #47,894
  • Oct 21, 2024 10:19am Oct 21, 2024 10:19am
Goddamn. I'm so sleepy because I earned a lot since morning. Sigh. And now gold is increasing my fortune.

Be single. Don't marry.

Still +SL at 2725.

This is an important battle. Open price. Boom boom boom.

I want more but I'm too sleepy. Good luck to all.
The market hides a perfect geometry.
  • #47,895
  • Oct 21, 2024 10:20am Oct 21, 2024 10:20am
Quoting Hulkisbck
{quote} nice fall toward 2694 {image}
waiting for 2694 ...
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  • #47,896
  • Oct 21, 2024 10:21am Oct 21, 2024 10:21am
Quoting HalikiqeoVN
{quote} tôi đă kích hoạt lệnh bán sau thời gian dài kiên nhẫn. 2737. hy vọng 2705 là đợt thoái lui sóng 1.
Patience helps limit risks. It's funny when the buyers laugh at the sellers and vice versa.
Surely buying in a rising market and selling in a falling market is profitable. Asset management remains most important when fomo market
  • #47,897
  • Oct 21, 2024 10:21am Oct 21, 2024 10:21am
What news are we getting or got for this turn
The warrior of good
  • #47,898
  • Oct 21, 2024 10:22am Oct 21, 2024 10:22am
Quoting 0drawdown
{quote} Point Number 1: In the MyfxBook you shown, you got an average of 15% return for 7 months, which is good but as I stated and as your myfxbook proved, you cannot do that on a consistent BASIS, meaning you won't do that Year over Year without blowing your account. In your myfxbook in Month 7 you got -75% and month 8 you got -67%. This proved my point exactly lol. You had an average of 15% over 7 months and in the next 2 months your average return fell from 15% to -4%. How do you not see this?? Point
The idea is that I was trying for 6 months and I got nowhere... It is easy to comment if you do not actually try!

Again, I do not want to spend my life looking at a screen and wait for the green line to cross the red line for peanut money.

Trading for today:

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8.8% of the account profit... and the day is not over...


503 USD ... on the road to 600...
  • #47,899
  • Oct 21, 2024 10:22am Oct 21, 2024 10:22am
joined to the sell side @2721 TP look ok at 2705 SL ok at 2730

Cheers
its all about Karma
  • #47,900
  • Oct 21, 2024 10:23am Oct 21, 2024 10:23am
Quoting Whale
{quote} Is totally an intraday setup.. you obviously not familiar with. there is a different between a setup to TP. show me your trades, seems they never hit the stop loss. but obviously time after time you are not answering my questions ant talk about my trades instead to try prove something you can't
~ $100 move for an intraday setup is wild, cause the second factor of the chart is the x-axis which is time, and neglected by 90%
My SL chase me, hit so many times that now my way of partial profit taking, and entry rule for preventing to catch/bottom, make real shit happen.
More time in the market, does not mean you trade better!
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