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  • #48,161
  • Oct 22, 2024 10:04am Oct 22, 2024 10:04am
Quoting NrSLionHeart
{quote} I have to admit I am bad at predictions, I mean really really bad... Price hit only 2743.2 in those 50 mins. So what now? is 2717 around the corner? Should I go all in short aiming for 2710 ???
i have no idea.

Im sideline..
but i will enter only with short orders when i get what i want.

when i traded Elliot wave i investigate price by time, i failed time after time, i prefer to not predict time
  • #48,162
  • Oct 22, 2024 10:04am Oct 22, 2024 10:04am
Quoting Haks
{quote} You are correct. However, what I meant was I’d rather sit this out rather than buying at this level. Of course the trend looks bullish. But just rather be on the sidelines till further notice. Being impatient was what led me to blow my account last week. Trying my hardest not to make the same mistake again.
You are right not to be impulsive. Analyze where you went wrong the best traders in history all said a very wise thing "I don't remember my winnings but I always remember my mistakes"
And don't forget that trading isn't about buying or selling all day (unless you're a scalper). Even watching the chart all day and waiting for the right opportunity is trading. Patience is the key
  • #48,163
  • Oct 22, 2024 10:06am Oct 22, 2024 10:06am
Quoting Whale
{quote} i have no idea. Im sideline.. but i will enter only with short orders when i get what i want.
I am out of longs and 0.01 short..

Same here, the problem is that I do not get what I want.

Waiting with 0.5 lots to go short when I feel the time is right!!!
  • #48,164
  • Oct 22, 2024 10:09am Oct 22, 2024 10:09am
Quoting Whale
{quote} i have no idea. Im sideline.. but i will enter only with short orders when i get what i want.
Hello dear, I am not too much experience but I always earn very small profit and always go short after looking chart. I never trust over forecast or nor what are ppls doing..
If we can lost money with one wrong trade so we can get profitable trade with right trades and on right time.
Best of luck
  • #48,165
  • Oct 22, 2024 10:17am Oct 22, 2024 10:17am
Welp plan went to pot, got stopped for less than 1R.

There is probably a short in here that will materialise, but I'll probably just wait for a dip to go long again...CBA going long to grind out a few pennies at the ATH

A dip down to 2738 and I might take a small long.
  • #48,166
  • Edited 11:59am Oct 22, 2024 10:20am | Edited 11:59am
Quoting saal
When 2737-2742 arrives Then I'll check if it's worth selling
Gold arrived 2744
Now is the time to check for a fix at least until 2737
Edit: Reached target 2737 and went back up.
Success is not final, failure is not fatal... - Winston Churchill
  • #48,167
  • Oct 22, 2024 10:24am Oct 22, 2024 10:24am
Quoting 19monza64
{quote} You are right not to be impulsive. Analyze where you went wrong the best traders in history all said a very wise thing "I don't remember my winnings but I always remember my mistakes" And don't forget that trading isn't about buying or selling all day (unless you're a scalper). Even watching the chart all day and waiting for the right opportunity is trading. Patience is the key
You are absolutely right. Ever since last weeks loss, I have been unable to forget about it. My weekend was one of the worst ever but just a matter of time before I get over it.

Funny you mention scalping which is basically my way of trading. I prefer to be in and out of trades within minutes as I have a specific target daily (was previously £200). And at the moment I’m just refreshing and analysing before stepping in once again.

Are you a swing/day trader by any chance?
  • #48,168
  • Oct 22, 2024 10:35am Oct 22, 2024 10:35am
may be 2744~45 is the last price. when gold does it's second aggressive upward movement in a two continuous week, normally it prepares for a big dump. unless there is a geo-politics news.

i don't have any gold trade now.
  • #48,169
  • Oct 22, 2024 10:47am Oct 22, 2024 10:47am
Quoting NrSLionHeart
{quote} What is the name of the robot???
currently not in the market.
it's home made in Switzerland
https://t.me/biogoldscalper
  • #48,170
  • Oct 22, 2024 10:49am Oct 22, 2024 10:49am
Quoting Haks
{quote} You are absolutely right. Ever since last weeks loss, I have been unable to forget about it. My weekend was one of the worst ever but just a matter of time before I get over it. Funny you mention scalping which is basically my way of trading. I prefer to be in and out of trades within minutes as I have a specific target daily (was previously £200). And at the moment I’m just refreshing and analysing before stepping in once again. Are you a swing/day trader by any chance?
Strange. It is almost impossible for a scalper to burn the account. A scalper is satisfied with a few pips and has very tight SLs. I don't know what broker you use but I generally know few scalpers who trade gold since it has a very high spread. Never set an income goal makes no sense. There are days you will make a few pips, other days hundreds of pips. I do 1 or maximum 2 operations a day. And when I don't understand the market like today no operations. I will start looking at buying only below 2729 otherwise everything is postponed until tomorrow
  • #48,171
  • Oct 22, 2024 10:52am Oct 22, 2024 10:52am
Quoting PushnPull
Daily doji candle could be an early sign of rough weeks
In case Gold decide to go ranging. Possible area could be 2705~2750. Not sure for how long.
  • #48,172
  • Oct 22, 2024 10:54am Oct 22, 2024 10:54am
Quoting GODofMC
{quote} thats snall prpfit considered by lot. And maybe one time the robot cant catch the price it will lose control to the eart
the risk is 0.01 per 10k
targeting around 1k to 1.5k a day and working 08h to 17h (Swiss time)
and about 21 day in avg per month > with the lowest at around 8% to 10% per month it's not that quite small profit for what I need

it's almost, for each day, no matter any news over the world, 50$ per 0.01

first protect the wallet and after the profit, that's my mindset when we worked on this EA
https://t.me/biogoldscalper
  • #48,173
  • Oct 22, 2024 11:00am Oct 22, 2024 11:00am
Quoting foudid
{quote} currently not in the market. it's home made in Switzerland

Looks nice ... did you actuall coded it ?
  • #48,174
  • Oct 22, 2024 11:03am Oct 22, 2024 11:03am
Quoting foudid
{quote} the risk is 0.01 per 10k targeting around 1k to 1.5k a day and working 08h to 17h (Swiss time) and about 21 day in avg per month > with the lowest at around 8% to 10% per month it's not that quite small profit for what I need it's almost, for each day, no matter any news over the world, 50$ per 0.01 first protect the wallet and after the profit, that's my mindset when we worked on this EA
Impressive numbers. Félicitations.
In other news: the earth is flat. Aliens built the pyramids. And god exists
  • #48,175
  • Oct 22, 2024 11:31am Oct 22, 2024 11:31am
Quoting 19monza64
{quote} Strange. It is almost impossible for a scalper to burn the account. A scalper is satisfied with a few pips and has very tight SLs. I don't know what broker you use but I generally know few scalpers who trade gold since it has a very high spread. Never set an income goal makes no sense. There are days you will make a few pips, other days hundreds of pips. I do 1 or maximum 2 operations a day. And when I don't understand the market like today no operations. I will start looking at buying only below 2729 otherwise everything is postponed until...
Again, you are completely. On the day, I was actually up by £300 (which is more than my daily target). I just got extremely greedy and wanted to carry on trading for some reason.

I've also realised that trying to make a specific amount daily shouldn’t be the ultimate goal. But in my defence, it’s like a guide for me not to over trade. Meaning once I get approximately that amount, trading is over for that day. And it has been working so well until I decided to break that rule.

Good thing you’re sitting it and watching everything unfold. We don’t have to forcefully get into a trade if we are not convinced
  • #48,176
  • Oct 22, 2024 11:41am Oct 22, 2024 11:41am
I would really like to know, all those traders who post here results where price moves less than $1 and they close, how much do you allow yourself to be in drawdown, because if you hunt lets say 0.5 to 1$ move on XAUUSD (0.036%) , that can literally happen in microseconds and so does the opposite and price can go against these trades easily $2-3 in a matter of seconds. It's like trading 2-3 pips above spread in EURUSD, barely covering the costs + tiny proft. What's the stop loss on these trades? Must be surely way above $2, otherwise it would hit SL with first larger volume 1min candle. Do you even use SL or just wait till you get into any profit?
  • #48,177
  • Oct 22, 2024 11:58am Oct 22, 2024 11:58am
Trading for today...

Attached Image (click to enlarge)
Click to Enlarge Name: 22 oct 24.jpg Size: 323 KB


14.4% for the day

Road to 600... let's hope I hit that today!!!
  • #48,178
  • Oct 22, 2024 12:04pm Oct 22, 2024 12:04pm
Quoting fxmasterdxb
“Technically” speaking, pa is showing signs of topping, however, gold has shown in numerous times in the past that technical analysis is not enough and its mainly moving with fundamental analysis. I have opened a short on 2736 and willing to accept my loss if it closes convincingly above 2745 edit: 4hr close below 2713 will be a major step towards the falling “if it happens”
SL hit
ill call it a day
  • #48,179
  • Oct 22, 2024 12:07pm Oct 22, 2024 12:07pm
Quoting Eringu
on the long side and still waiting for more "expensive" gold levels ..hope to see 2750 and 2777 Cheers
female intuition

a woman's ability to intuitively understand or sense things

Cheers
its all about Karma
  • #48,180
  • Oct 22, 2024 12:12pm Oct 22, 2024 12:12pm
Quoting NrSLionHeart
{quote} Let's watch ... 45 mins until then...
well done sir
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