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  • #87,901
  • Aug 11, 2025 5:05pm Aug 11, 2025 5:05pm
Quoting Nordling
{quote} Solid question. I'm glad someone asked it. I'm a news trader, i trade high impact news. For me a high possibility trade is a high impact news that i can make sense of. (For ex. NFP, CPi, GDP etc.) When i have doubts on a trade, i don't take it. I only open positions when i am 100% sure & 100% confident. No matter the R:R. If i can't make sense of a news, then it's a bad trade. Again, no matter the R:R So if you are trading technicals, i can express it like this: You have a perfect technical setup with 1:1 and you are certain and very confident...
thank you very much for.., at least: " i would say 40-50 pips"
and thank you for " No matter the R:R. If...".., - agree 100%
and about this part: "if you are trading technicals...".., probably we can talk other day if...
dolce vita
  • #87,902
  • Aug 11, 2025 5:18pm Aug 11, 2025 5:18pm
Gold looking to base today below 3353-62 range to target 3310-15, below there will be big news that might be the start of long term downtrend, moved by the daily then the weekly toward 3296 which if based below can slide to 3214 this week.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #87,903
  • Aug 11, 2025 5:34pm Aug 11, 2025 5:34pm
Quoting babayaga
{quote} thank you very much for.., at least: " i would say 40-50 pips" and thank you for " No matter the R:R. If...".., - agree 100% and about this part: "if you are trading technicals...".., probably we can talk other day if...
Ofc there are more to what "high possibility" is such as:

1. Current market positioning (what's priced in)
2. Currency strength
3. Market's risk appetite: risk on/risk off
4. Macroeconomic Data

These are the things i keep an eye out when picking what pair or instrument to trade to boost my success rate.

R:R is obviously good to have on your side but it's probably like the last factor that i take into consideration
You have to have an IQ higher than 90 to interact with this user.
  • #87,904
  • Aug 11, 2025 5:58pm Aug 11, 2025 5:58pm
Attached Image (click to enlarge)
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1H: Short-term long view possible
Support 3341.65
  • #87,905
  • Aug 11, 2025 6:03pm Aug 11, 2025 6:03pm
Quoting Nordling
{quote} Solid question. I'm glad someone asked it. I'm a news trader, i trade high impact news. For me a high possibility trade is a high impact news that i can make sense of. (For ex. NFP, CPi, GDP etc.) When i have doubts on a trade, i don't take it. I only open positions when i am 100% sure & 100% confident. No matter the R:R. If i can't make sense of a news, then it's a bad trade. Again, no matter the R:R So if you are trading technicals, i can express it like this: You have a perfect technical setup with 1:1 and you are certain and very confident...
When you trade long enough, you will know that JUST because you are 100% confident, does not mean the trade will work out.
Also, Probability of win for one trade means nothing, but its dollar value it brings for the trader to monetise on, is more important than the one to one trade basis perspective.

Why?
1. A trading career does not consist of always 100% confident trade setups, as majority of the trade you will put on, will be not in your comfort zone.

2. The path of least resistance always follows the odd of success, while many traders trade the "too good to be true" setup, because they make a decision based on their pain management system.

3. Risk reward by itself is nothing and you can get a 1:20 trade. what more important is what follows that big wins. A Lambo, or another 100 setups or lose it all on the next trade because now you are invicible?? This is where a line is drawn by extremely good trader who actually built a profitable trading career and portfolio, and pissants who disappear in 2 years time.

4. Even "A+" setups failed, and low probability setup work excellently. Which leave us in a situation where we as a trader should trade the market based on our perceivable setups and not grading of the setup. The grading of the setup only defines how much will we be willing to risk on that trade setup. And not whether we will trade it or Not.

Now between you and me, 40-50 pips target for Gold trading, is only $5 move of an at least $40 daily range. Not milking the market at your best, which shows loopholes in your trade management.
No more engagement as from today.
  • #87,906
  • Aug 11, 2025 6:29pm Aug 11, 2025 6:29pm
Quoting thebigshot
{quote} When you trade long enough, you will know that JUST because you are 100% confident, does not mean the trade will work out. Also, Probability of win for one trade means nothing, but its dollar value it brings for the trader to monetise on, is more important than the one to one trade basis perspective. Why? 1. A trading career does not consist of always 100% confident trade setups, as majority of the trade you will put on, will be not in your comfort zone. 2. The path of least resistance always follows the odd of success, while many traders...
No one has 100% win rate of course, but based on experience and sound risk management one can tell how much they can make and lose. Not like r:r but like percentage.

I never open a trade if i am not comfortable with it. If your trade is churning your stomach + making you sweat then you are doing something wrong.

If the pressure is too much it means either you risked a big sum of your money or initially you know you didn't do your research/practice beforehand, therefore not fully ready to trade.

I meant 40-50 pips on pairs. For Gold it's like 20-30$ but then again, my SL changes on various factors. There's no rigid SL. Market conditions change everyday.

Like i said i trade the news, and if i cannot tell what will be the direction 5 seconds after i read the news, i don't trade it. So we can say that i trade only the perfect setups.

I prefer to do my research and be done with my trial & error phase before i risk my money, so that i don't get emotionally attached to my trades.

I agree that R:R doesn't mean anything, well at least to me
You have to have an IQ higher than 90 to interact with this user.
  • #87,907
  • Aug 11, 2025 7:46pm Aug 11, 2025 7:46pm
Just closed all my shorts was expecting 3305 but I will take it. Better book some profit than nothing. Still looking for sells. Lets see how far the price retraces.
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BUY HIGH SELL LOW
  • #87,908
  • Aug 11, 2025 7:51pm Aug 11, 2025 7:51pm
Quoting thedaytrader
{quote} Adding one more long bounce point trade at 3345.63... and leaving all remaining with the EA to close for the rest of the day/night... will update the results tmrw
Good Morning Everybody : )

The last trade at 3345.63 also worked superbly, and the EA booked a profit of 8 points... Attached.

So the tally now is :

Day Date Trades Net
----- ---------- ------ -----
Day 1 18-Jul-2025 5 +6.5
Day 2 21-Jul-2025 2 -1.5
Day 3 22-Jul-2025 2 -2.0
Day 4 23-Jul-2025 2 -1.5
Day 5 24-Jul-2025 4 0.0
Day 6 25-Jul-2025 2 +2.5
Day 7 28-Jul-2025 3 +2.0
Day 8 29-Jul-2025 2 -2.5
Day 9 30-Jul-2025 1 -1.5
Day 10 31-Jul-2025 3 +2.0
Day 11 01-Aug-2025 2 +2.5
Day 12 04-Aug-2025 3 +5.0
Day 13 05-Aug-2025 4 +5.5
Day 14 06-Aug-2025 3 -3.5
Day 15 07-Aug-2025 1 -1.5
Day 16 08-Aug-2025 1 -1.5
Day 17 11-Aug-2025 3 +15.0

Total Number of Trades : 41
Net Profit : 25.5 points


Will be back with today's levels shortly...
Attached Image (click to enlarge)
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Trade Like a Casino, Not a Gambler
  • #87,909
  • Aug 11, 2025 8:00pm Aug 11, 2025 8:00pm
Quoting wikigold
{quote} what is ssr
ssr mean Significant Support resistance it is popular in malaysian they called msnr or snr ssr king etc and popular name nora bystra , mansoor sapari , .thanks
Say something meaningful or Silence!!
  • #87,910
  • Aug 11, 2025 8:04pm Aug 11, 2025 8:04pm
Today I am trading these 5 bounce points, 3 on short side and 2 on long side:

Short Side : 3358.26, 3366.80, 3380.64
Long Side : 3334.32, 3315.17

All have initial SL of 1.5 points (to be trailed by EA)... Except 3366.80 short limit order, which has initial SL of 2.35 points as it is covering two close bounce points.

Will be back with the trades, when they get hit... :-)
Trade Like a Casino, Not a Gambler
  • #87,911
  • Aug 11, 2025 8:24pm Aug 11, 2025 8:24pm
Latest cot open interest showing high activity .gold dxy ssr sdz test eg ns sos ptz.please share your view .thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD DXY LATEST COT OPEN INTERESR AND VOLUME NUMBER SHOW HIGH ACTIVITY BUT AGGRESIVE BUY OR SELL NO Size: 56 KB
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Click to Enlarge Name: GOLD SSR SDZ SUPPLY TEST EG PTZ.png Size: 47 KB
Say something meaningful or Silence!!
  • #87,912
  • Aug 11, 2025 8:33pm Aug 11, 2025 8:33pm
3370.614 (Selling Zone- TG till-3304)
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  • #87,913
  • Aug 11, 2025 8:34pm Aug 11, 2025 8:34pm
IMHO
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https://www.mql5.com/en/market/product/146426
  • #87,914
  • Aug 11, 2025 8:56pm Aug 11, 2025 8:56pm
Quoting classy
Latest cot open interest showing high activity .gold dxy ssr sdz test eg ns sos ptz.please share your view .thanks {file} {image} {image} {image} {image} {image}
Are you usually the one posting this data? I would be more interested to hear YOUR thoughts sir as for me this is mainly noise which I do not have the skill to interpret **yet**.
  • #87,915
  • Aug 11, 2025 9:08pm Aug 11, 2025 9:08pm
Quoting classy
Latest cot open interest showing high activity .gold dxy ssr sdz test eg ns sos ptz.please share your view .thanks {file} {image} {image} {image} {image} {image}
Interesting. They've so much shorts going on.

This is probably for PBC
  • #87,916
  • Aug 11, 2025 9:11pm Aug 11, 2025 9:11pm
Quoting goldsimp
{quote} Interesting. They've so much shorts going on. This is probably for PBC
Whats PBC?
BUY HIGH SELL LOW
  • #87,917
  • Aug 11, 2025 9:16pm Aug 11, 2025 9:16pm
Quoting alinone07
{quote} Whats PBC?
China's Central Bank
  • #87,918
  • Aug 11, 2025 9:22pm Aug 11, 2025 9:22pm
Quoting Nordling
{quote} Solid question. I'm glad someone asked it. I'm a news trader, i trade high impact news. For me a high possibility trade is a high impact news that i can make sense of. (For ex. NFP, CPi, GDP etc.) When i have doubts on a trade, i don't take it. I only open positions when i am 100% sure & 100% confident. No matter the R:R. If i can't make sense of a news, then it's a bad trade. Again, no matter the R:R So if you are trading technicals, i can express it like this: You have a perfect technical setup with 1:1 and you are certain and very confident...
What is your trading plan for CPI news today?
  • #87,919
  • Aug 11, 2025 10:16pm Aug 11, 2025 10:16pm
Morning everyone!
CPI day!
maybe sell off today due to positive CPI expectations . Or will we range

But the question is how far do we pullback first last week we saw some proper pullbacks before continuation of move, I wonder will this be the same or not

Happy tuesday!
  • #87,920
  • Aug 11, 2025 10:17pm Aug 11, 2025 10:17pm
Knowing now that the news data from the 12th was already released in advance, do you really think that gold will continue with its slight decline?
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