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  • #55,021
  • Dec 6, 2024 9:57am Dec 6, 2024 9:57am
Quoting dr.tradelove
Ignoring the nonsense of NFP, shorts are potentially setting up. I'll try and sell some retraces if they occur during the session. {image}

Long set up instead. Bought @ 2635.67
  • #55,022
  • Dec 6, 2024 9:59am Dec 6, 2024 9:59am
Sell....2636 - 2633

TP 2614 and 2606
Holy Betting Grail strategy
  • #55,023
  • Dec 6, 2024 10:02am Dec 6, 2024 10:02am
Quoting Deal
I am going move Gold to 2634.
As incredible as it may seem, 2 trades, 2 wins and one with a brutal error, It wasn't 2634 that needed to be tested with great probability, it was 2629. I was satisfied with my day, now not at all.... Just reviewing the day, part of a journey.
  • #55,024
  • Dec 6, 2024 10:03am Dec 6, 2024 10:03am
Quoting Deal
If anyone want scalp, that's ok, but really buy is 1H closing above 2640.245, that shouldn't happen today and monday this plan has no more value. This indecisions are not good to trade, for me i am out for the week.
I’m not concerned about whatever gold does. It’s either it’s hit my entry or I’ll continue to watch from the mango tree. 40 pips maximum SL on a trade if it’s hit goodby till another day.
  • #55,025
  • Dec 6, 2024 10:07am Dec 6, 2024 10:07am
Quoting Tolpeters
{quote} I’m not concerned about whatever gold does. It’s either it’s hit my entry or I’ll continue to watch from the mango tree. 40 pips maximum SL on a trade if it’s hit goodby till another day.
Be prepared for some serious move, price action if changing, still watching from the mango tree. I might be wrong
  • #55,026
  • Dec 6, 2024 10:08am Dec 6, 2024 10:08am
Quoting dr.tradelove
{quote} Long set up instead. Bought @ 2635.67
Out @ b/e.
  • #55,027
  • Dec 6, 2024 10:09am Dec 6, 2024 10:09am
Quoting PatienceFx
the fact that gold went just a few pips below yesterday low and retraced and is above current week open shows its not wanting top drop anytime soon {image}
Same thing during NFP
  • #55,028
  • Dec 6, 2024 10:11am Dec 6, 2024 10:11am
Daily perspective...
Tempted to get on the buyside path, but the rejection of the December 4th candle closing could be an obstacle, let's see what Monday or Tuesday will do.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 6 KB
  • #55,029
  • Dec 6, 2024 10:24am Dec 6, 2024 10:24am
Quoting fxcontest
Sell....2636 - 2633 TP 2614 and 2606
Cut loss

Buy 2638 - 2640
Holy Betting Grail strategy
  • #55,030
  • Dec 6, 2024 10:27am Dec 6, 2024 10:27am
Quoting Deal
Daily perspective... Tempted to get on the buyside path, but the rejection of the December 4th candle closing could be an obstacle, let's see what Monday or Tuesday will do. {image}
Till today closes I still tend towards the bears . Might be wrong
  • #55,031
  • Dec 6, 2024 10:32am Dec 6, 2024 10:32am
Price looking 2643, or more safe Ny midnight.
  • #55,032
  • Dec 6, 2024 10:38am Dec 6, 2024 10:38am
Quoting Deal
Price looking 2643, or more safe Ny midnight.
1 quarter done...
  • #55,033
  • Dec 6, 2024 10:41am Dec 6, 2024 10:41am
30 minutes candle closing above 2640.245 target 1,5 or 2 deviations, normally plays out 2 from the low and the close of the candle, but only if it close above.
Don't guess will close.
  • #55,034
  • Dec 6, 2024 10:44am Dec 6, 2024 10:44am
Of course, I'm a great fan. The next on the list I want to rigorously explore is PSAR.
We the RSI gang celebrate your contributions sir.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241206-174108.jpg Size: 95 KB
Learn... Work Hard... Trade Alone
  • #55,035
  • Dec 6, 2024 10:55am Dec 6, 2024 10:55am
Quoting Tolpeters
since 10 A.M UTC +1 no 30m and 1hr candle has closed above 2639.36. Might be a good place to take a small sell. SL 2655 Tp 2618
if you’re in this with me move SL to 2650 close position before market closes. It’s a small sell 0.01 .
  • #55,036
  • Dec 6, 2024 10:55am Dec 6, 2024 10:55am
Quoting Tolpeters
{quote} I’m not concerned about whatever gold does. It’s either it’s hit my entry or I’ll continue to watch from the mango tree. 40 pips maximum SL on a trade if it’s hit goodby till another day.
You google it and they say is correlated with dollar index.
Well analise dollar index and you will see they are doing almost the same thing. It shouldn't!
I am still learning, and one thing that i learned was don't follow what the majority sells, they want you to do it, and the money ends in their pocket.
Price action have many patterns, ones with more probabilities than others and follow price.
I do not disgust indicators, some are usefull, like RSI and MACD but only in certain enviroments.
You just need to be confortable with your method or methods, if the long run the account grows, there no one better than you,
No matters how much grow, but how it grows... Consistently.
  • #55,037
  • Dec 6, 2024 11:02am Dec 6, 2024 11:02am
Quoting Deal
30 minutes candle closing above 2640.245 target 1,5 or 2 deviations, normally plays out 2 from the low and the close of the candle, but only if it close above. Don't guess will close.
does not playout...
still possible respect the 1h break.
  • #55,038
  • Dec 6, 2024 11:05am Dec 6, 2024 11:05am
+70 pips on a sell for me today. No other wins worth noting, odd small scalp here and there. No losses though which supports my analysis.

on a side note, today marks the day I turned £100 into £1000. Small wins, but it’s been a great 9 weeks. Here’s to losing everything at close of market tonight
  • #55,039
  • Dec 6, 2024 11:06am Dec 6, 2024 11:06am
Finally closed my last trade of the day. Its been a great week/ See everyone nxt week
  • #55,040
  • Dec 6, 2024 11:08am Dec 6, 2024 11:08am
Quoting Deal
{quote} You google it and they say is correlated with dollar index. Well analise dollar index and you will see they are doing almost the same thing. It shouldn't! I am still learning, and one thing that i learned was don't follow what the majority sells, they want you to do it, and the money ends in their pocket. Price action have many patterns, ones with more probabilities than others and follow price. I do not disgust indicators, some are usefull, like RSI and MACD but only in certain enviroments. You just need to be confortable with your method...
Just like I said earlier I don’t need anyone or anything to validate my entry. I don’t follow the majority I only follow my chart and my analysis. If the majority sees sell and I see sell, once it’s hit my entry I’ll sell and if majority sees buy and I see sell, I’ll still sell once it’s hit my entry. I don’t need validation from anyone. I only listen to my entry and analysis
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