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  • #48,401
  • Oct 23, 2024 10:01am Oct 23, 2024 10:01am
Quoting MrFanciful
{quote} I've lost a total of £30,500 £1600 in 3 days. £1200 of it today. No I'm not going off peoples advice, As it's going up, I was expecting pull backs, there were hardly any. Now its a straight line down, guess what? I'm expecting a pullback. But I guess I should have just closed my eyes and spammed my buy button, and then my sell button. Fuck strategies, whats are they? Oh yeah that strategy that made me over £1200 in a week and had made me profitable for the first time in 8 fucking years.
So sorry to hear that. I thought me losing £9k last week was bad but your situation is much worse.

But then again, we just gotta go back to the drawing board and work out where we went wrong.

Have you not realised that Gold hasn't really been trading of fundamentals and technicals lately? Like look at how much it’s pumped by since last Tuesday. Hence, why I remained sidelined and was only looking to short at any opportunity. It was simply too expensive and the upward movement happened in a short amount of time. Whatever goes up must surely come down and sometimes when it does come down, it’ll be crazy just like today.

Best of luck my friend, you will be fine
  • #48,402
  • Oct 23, 2024 10:02am Oct 23, 2024 10:02am
Quoting Orand
{quote} Short at :2737 Sl : 2741 Tp: 2731(tp hit) (+60pip) --------------------- Buy Limit at 2728 Sl : 2724(sl hit)(-40pip) Tp : 2731 ---------------------- Short at 2725.50 Sl : 2729.50 Tp : 2720(tp hit) (+55pip) ----------------------- buy limit at : 2720 Sl : 2716 (closed at 2718 )(-20pip) Tp : 2728 ‐--------------------- Short at : 2718 Sl : 2722 Tp : 2710
take profit , give it back , take some then give back , just try to win more and lose less
  • #48,403
  • Oct 23, 2024 10:07am Oct 23, 2024 10:07am
Quoting MrFanciful
{quote} I've lost a total of £30,500 £1600 in 3 days. £1200 of it today. No I'm not going off peoples advice, As it's going up, I was expecting pull backs, there were hardly any. Now its a straight line down, guess what? I'm expecting a pullback. But I guess I should have just closed my eyes and spammed my buy button, and then my sell button. Fuck strategies, whats are they? Oh yeah that strategy that made me over £1200 in a week and had made me profitable for the first time in 8 fucking years.
How many orders are you putting per trade?
The market hides a perfect geometry.
  • #48,404
  • Oct 23, 2024 10:10am Oct 23, 2024 10:10am
Quoting MrFanciful
{quote} Ich habe in 3 Tagen insgesamt 30.500 £ verloren, davon 1.600 £ heute. Nein, ich halte mich nicht an die Ratschläge anderer Leute. Da es nach oben geht, habe ich Rückschläge erwartet, aber es gab kaum welche. Jetzt geht es schnurgerade nach unten, wissen Sie was? Ich habe einen Rückschlag erwartet. Aber ich schätze, ich hätte einfach die Augen schließen und erst auf den Kaufen-Button und dann auf den Verkaufen-Button spammen sollen. Scheiß auf Strategien, was sind das denn? Ach ja, diese Strategie, mit der ich in einer Woche über 1.200 £...
We already had this information from you months ago.
Since it will probably take longer with your reports of the accident: do you think that someone here can help you?
I say unequivocally: no, that cannot be achieved here.
Wish you all the best
  • #48,405
  • Oct 23, 2024 10:15am Oct 23, 2024 10:15am
Woa.. I started day trading as a newbie. 2 weeks ago
I think whatever i read was all bull shit about gold going high.
what did they say.. friday it will hit the roof.
my balance is now negative.. i think i should give up trading.
  • #48,406
  • Oct 23, 2024 10:21am Oct 23, 2024 10:21am
Quoting noopur
Woa.. I started day trading as a newbie. 2 weeks ago I think whatever i read was all bull shit about gold going high. what did they say.. friday it will hit the roof. my balance is now negative.. i think i should give up trading.
Welcome to trading
  • #48,407
  • Oct 23, 2024 10:21am Oct 23, 2024 10:21am
Short at : 2713.50
Sl : 2716.50
Tp : 2705.5(close at 2713)
--------------
  • #48,408
  • Oct 23, 2024 10:23am Oct 23, 2024 10:23am
Look to short again 2722+ if we get the chance
  • #48,409
  • Oct 23, 2024 10:23am Oct 23, 2024 10:23am
Quoting noopur
Woa.. I started day trading as a newbie. 2 weeks ago I think whatever i read was all bull shit about gold going high. what did they say.. friday it will hit the roof. my balance is now negative.. i think i should give up trading.
Best advice is : do not trade gold , and trade with demo for a year
  • #48,410
  • Oct 23, 2024 10:24am Oct 23, 2024 10:24am
Quoting noopur
Woa.. I started day trading as a newbie. 2 weeks ago I think whatever i read was all bull shit about gold going high. what did they say.. friday it will hit the roof. my balance is now negative.. i think i should give up trading.
Gotta lose some, to win some later my friend that's how the game goes.
  • #48,411
  • Oct 23, 2024 10:24am Oct 23, 2024 10:24am
Quoting Whale
Look to short again 2722+
i dont think u will see that price in this week. gud luck however. chances of it closing above 2740 are very slim now unless dollar falls in next 2-3 days
  • #48,412
  • Oct 23, 2024 10:24am Oct 23, 2024 10:24am
Quoting PushnPull
Daily doji candle could be an early sign of rough weeks
I would like to share my view, hope it help some avoid this kind of dump in future.
I see Monday daily candle close as a doji with long shadow above upper body. In my experience, don't underestimate bigger tf PA, so I expected there won't be much space above, so as soon as Tuesday candle close at high, I sold it. And it hit sl at Asia high, after that it form another doji at top in 4H tf then I've waited to sell right after it broke Asia low.
It doesn't matter what I did. I want to say, we should at least consider PA at bigger tf, it always has something to tell us.
  • #48,413
  • Oct 23, 2024 10:24am Oct 23, 2024 10:24am
Quoting noopur
Woa.. I started day trading as a newbie. 2 weeks ago I think whatever i read was all bull shit about gold going high. what did they say.. friday it will hit the roof. my balance is now negative.. i think i should give up trading.
You should have studied astrology first. This is the surest way. You may start taroting price now to get a headstart.
The market hides a perfect geometry.
  • #48,414
  • Oct 23, 2024 10:25am Oct 23, 2024 10:25am
Sl hit again
  • #48,415
  • Oct 23, 2024 10:25am Oct 23, 2024 10:25am
Quoting Orand
{quote} Best advice is : do not trade gold , and trade with demo for a year
Minimum is 10 years. It's proven in this forum.
The market hides a perfect geometry.
  • #48,416
  • Oct 23, 2024 10:26am Oct 23, 2024 10:26am
Quoting FulMargnAlch
{quote} You should have studied astrology first. This is the surest way. You may start taroting price now to get a headstart.
and these work too
  • #48,417
  • Oct 23, 2024 10:28am Oct 23, 2024 10:28am
Quoting noopur
Woa.. I started day trading as a newbie. 2 weeks ago I think whatever i read was all bull shit about gold going high. what did they say.. friday it will hit the roof. my balance is now negative.. i think i should give up trading.
Unfortunately you have seen nothing yet. Trading especially Gold in particular can leave you homeless and bankrupt if not traded carefully.

Moreover, you are still a newbie so you got a longgggggg way to go in this journey and if you wish to succeed.

Hope you didn’t lose much. With time, you will surely recover it if you put the work in.
  • #48,418
  • Oct 23, 2024 10:29am Oct 23, 2024 10:29am
Quoting ElCampeador
{quote} Take a look at oíl daily chart 30/9 to 7/10
This iis what we might see on the daily gold chart starting today.
The warrior of good
  • #48,419
  • Oct 23, 2024 10:31am Oct 23, 2024 10:31am
Quoting giveachance
{quote} i dont think u will see that price in this week. gud luck however. chances of it closing above 2740 are very slim now unless dollar falls in next 2-3 days
Read again.. did i tell someone to buy?
2723-2727.5 is SRF of 30m that didnt tested after the break..
We will wait and see if it get tested.. 99% it will.
  • #48,420
  • Edited 10:44am Oct 23, 2024 10:32am | Edited 10:44am
Quoting Orand
Short at : 2713.50 Sl : 2716.50 Tp : 2705.5(close at 2713) --------------
long at : 2714.50
Sl : 2710.50
Tp : 2718 (may changed to open if move fast tword tp )
tp changed to 2722.50
----------------
add long at : 2717
Sl : 2714
Tp: 2722
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