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  • #52,841
  • Nov 22, 2024 2:36am Nov 22, 2024 2:36am
Quoting Whale
{quote} what is you margin level?
I have a 1:500 account but I only ever risk a maximum of 2% per trade. I let my emotion get the better of me and became convinced that 2700 wouldn't be hit though.
  • #52,842
  • Nov 22, 2024 2:36am Nov 22, 2024 2:36am
Quoting MrFanciful
{quote} I was short EDIT: Expecting profit taking today, but either I'm too early or I'm just totally wrong.
Your SL is @2712 and we'll gladly take it out for you
  • #52,843
  • Nov 22, 2024 2:38am Nov 22, 2024 2:38am
Quoting daemondeluxe
{quote} Shorting in an uptrend in gold is like trying to catch a molten hot knife with your bare hands. You usually get burned. Edit : if went short 97-98 then wait for another rejection down and get out of it, imho. Dont marry your trades.
I was also wondering why he's going short, maybe wait for PMI and NY
  • #52,844
  • Nov 22, 2024 2:40am Nov 22, 2024 2:40am
Quoting Whale
{quote} So how did you handle the 250$ drop?
I'll join in on the action, I never go against the trend, if we start heading downwards fine i'll short a bit, but doesn't seem likely
  • #52,845
  • Nov 22, 2024 2:41am Nov 22, 2024 2:41am
It's not like I'm targeting 2650 or something. My target is just a $3 move
  • #52,846
  • Nov 22, 2024 2:42am Nov 22, 2024 2:42am
Quoting MrFanciful
It's not like I'm targeting 2650 or something. My target is just a $3 move
Doesnt matter. If you realized its wrong, its wrong. cut your losses short, let your winners run.

what was your entry?
  • #52,847
  • Nov 22, 2024 2:43am Nov 22, 2024 2:43am
Quoting 69Doggy
{quote} Your SL is @2712 and we'll gladly take it out for you
Its a forum to discuss, not take the piss. Everyone makes mistakes.
  • #52,848
  • Nov 22, 2024 2:43am Nov 22, 2024 2:43am
Quoting MrFanciful
{quote} I have a 1:500 account but I only ever risk a maximum of 2% per trade. I let my emotion get the better of me and became convinced that 2700 wouldn't be hit though.
Gold is crazy for over a year.
I think price left the big yellow zone easily it will come back there soon..
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  • #52,849
  • Nov 22, 2024 2:43am Nov 22, 2024 2:43am
I'm at 26900 BE or 2713 stop loss will be hit
average dude treading water
  • #52,850
  • Nov 22, 2024 2:44am Nov 22, 2024 2:44am
Risky trade but at big levels. waiting for confirmation
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  • #52,851
  • Nov 22, 2024 2:44am Nov 22, 2024 2:44am
Quoting PatienceFx
How many trades does it take to convert a simple $10 account into a $1 million account
I don't know.
  • #52,852
  • Nov 22, 2024 2:44am Nov 22, 2024 2:44am
Quoting MIKKI
I'm at 26900 BE or 2713 stop loss will be hit
Ouch. If the big boys are pissed off we wont be seeing 90 again very soon.
  • #52,853
  • Nov 22, 2024 2:44am Nov 22, 2024 2:44am
About to blow the account once again.

Doubt I’ll be able to get out of this
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  • #52,854
  • Nov 22, 2024 2:45am Nov 22, 2024 2:45am
Quoting 69Doggy
{quote} I'll join in on the action, I never go against the trend, if we start heading downwards fine i'll short a bit, but doesn't seem likely
im not talking about a future drop. The last drop.
the trend was and it fall
like a stone.
  • #52,855
  • Nov 22, 2024 2:45am Nov 22, 2024 2:45am
Quoting Haks
About to blow the account once again. Doubt I’ll be able to get out of this {image}
i believe you will get out of it safely
good luck
  • #52,856
  • Nov 22, 2024 2:46am Nov 22, 2024 2:46am
Quoting Haks
About to blow the account once again. Doubt I’ll be able to get out of this {image}
There's a cure for that. EMA30>EMA60 only buy and viceversa.

stop trying to countertrend trade.

Edit : what brokers puts the mcall under 50%?
  • #52,857
  • Nov 22, 2024 2:46am Nov 22, 2024 2:46am
Quoting Haks
About to blow the account once again. Doubt I’ll be able to get out of this {image}
LOL
The Trend is bullish / going long. Why you go short and also at 77
And also your Lotsize seems pretty high. You should lower it.
With a 10K Acc, with 100x Leverage, you should do 0,5 max Lot, only with one trade.
  • #52,858
  • Nov 22, 2024 2:47am Nov 22, 2024 2:47am
I'm expecting gold or the DXY to rug today... lot of news
  • #52,859
  • Nov 22, 2024 2:47am Nov 22, 2024 2:47am
Pretty strong trend line
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  • #52,860
  • Nov 22, 2024 2:48am Nov 22, 2024 2:48am
Quoting Neowarcloud
I'm expecting gold or the DXY to rug today... lot of news
Gold is impervious to news with the UA-RUS news coming out.
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