Gold with No Drama

WEEKENDS ARE MY BACTESTING DAYS
I NORMALLY DO
TO SEE THE ACCURACY OF MY EDGE
LITERALLY THIS BULLSHIT
AGAIN HAPPENENED
WITH ME
WTF I MEAN

OFF MARKET IS ALSO MERCILESS WITH ME
BUT ONE THING IS CONFIRMED AFTER ALL THE EXPERINCE
IN SITUATION LIKE THIS
DEFINITELY DEFINITELY ITS NOT THE EDGE
ITS VOLATILITY
WHICH NO ONE CAN PREDICT
AND OFTEN SPREAD KILL ME
EVEN THOUGH SL IS NOT SO TIGHT YET
THIS HAPPENS
IAM THINKING NOT TO USE SL NOW (JUST KIDDING)

Trader Self-Awareness Framework

As a trader, you must understand yourself—not just the market.

Ask yourself:
What market condition suits me best?
→ Am I better in trending or ranging markets?

Where do I perform better?
→ Do I make more profit in buying or selling?

What type of setup fits my mindset?
→ Do I prefer continuation or reversal (mean reversion) trades?

What price behavior do I understand best?
→ Am I more confident trading liquidity sweeps or break and retest setups?

What's your?

Forward testing
btc
lets see

Bigger time frames
scenario
(as per my analysis)
the zone from
4642 to 4440 is major support
break below this we will decend minimum
4000
its all as per my technical eyes
fundamentals must align for gold to stay bullish

Lets see what will happen!

there's world outside.., another cliché(?).., i don't care

A Markov chain is a mathematical system that experiences transitions from one state to another according to certain probabilistic rules. The defining characteristic of a Markov chain is that no matter how the process arrived at its present state, the possible future states are fixed. In other words, the probability of transitioning to any particular state is dependent solely on the current state and time elapsed. The state space, or set of all possible states, can be anything: letters, numbers.., or stock performances.
https://brilliant.org/wiki/markov-chains/

Markov chains are used in finance and economics to model a variety of different phenomena, including the distribution of income, the size distribution of firms, asset prices and market crashes.
https://en.wikipedia.org/wiki/Markov_chain

Good day everyone,
I am a beginner trader currently studying price action, support and resistance, and moving averages.
I would like to ask experienced traders here:
What simple strategy helped you when you first started?
Which timeframe is best for beginners?
How do you control emotions during losing trades?
I am committed to learning and improving my trading discipline. I will really appreciate advice from professionals in this group.
Thank you.

...market behavior influences our performance
first i added "imo", but deleted then.., because even such "legendary" traders like Richard Dennis/"Turtles", Larry Williams.., etc confirmed this..,
loosing badly for periods of time..,

not gonna continue talking about discipline or whatever..,

4650 in play. 4730 - 4760 is resistance.

[quote=babayaga;15653726]last thing.., naked chart does it really exist ?! [/quote

It does, which timeframe you prefer to trade ?

[quote=puregold24;15653868] besides M5 chart i hardly look at..,
i have no preference
i trade M1 - monthly chart/MT4.., with execution on M1 /mostly.., or M15

btw, show me, please "your" naked chart

here it is

thank you indeed for.., five(!) minutes chart.., i hardly look at





and if.., may i ask how you call this "little sign/elements on your chart that begins and end in five minutes time"(?).., sorry, i have almost forgotten "this beautiful line that accompanies this little sign that begins and ends in five minutes time"

of course.., we can discuss this subject till die.., but, after all "it was kind of rhetorical question"..,
and we know the answer how naked chart has to look like don't we

M1 it is.....

forward testing
liquidated
if btc is regaining strenght now
maybe gold will be bullish on monday

That is a good indication that gold might be bullish. The peace talks are ongoing atm so we are waiting for a result there. The americans started clearing mines from the strait so that would be a positive sign that they expect a deal to be made. Either way, high chances that we will open with a bulish gap

i too wish peace talks persists
but recently i heard news isreal is continuing with air strikes at lebanon
i dont think so that this peace will last long
this aint that simple
us wont let the matter go
iran and their policies are strictly with their nation
us wants iran to withdraw from their nuclear program(that demand is impossible and will most likely never be fillfileed)
in my opinion maybe
even after this peace commences
us israel maye strike iran with other reasons to dominate
i dont think this war is going to end
us wont let european nation and also china dominate as super power
us has its name and under trump they will do anything to stay on top be it bad or good
(still i wish us and israel end this war )
as per my prediction( the war is not ending it will intensify)

imo, i have already told you everything

also
iran has put 4 points in front of us (with no single be compromised)
1 complete control of strait of hormuz
2 payment of war reparation
3 unfreezing of all blocked financial assets (us has freezed the fund of iran it had done this with russia who ever quarrels with us they freez their funds(
4 securing comprehensive regional ceasefire (including lebanon)
the talks are ongoing
it would be no more than miracle if us accepts this

Not look much to the charts in 24h but i think we go bearish on weekly...
Price action speaking obvious...
But till monday i will look better...