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Day Trading vs. Swing Trading vs. Position Trading 86 replies

Attachments: Techknow Trading
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Techknow Trading

Quoting Elliottway
Lets isolate our tricks
Hey Elliot! How ya doing? Happy to see you in here, please feel free to share your opinions and charts at your pleasure. Very glad to see you, make yourself at home. Drama free zone.
TechKnow
Update NZDUSD
Watching for a possible overthrow here , will inspect this closing candle and see what happens. We could have a bonce here; gold should bounce around as well.
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TechKnow
Reminder: Telling people the truth about their trading habits is always the best policy, even if it comes off as rude. Some people will lose everything they have and never learn and just keep doing it over and over; only a shitty human being would not try to help someone that is spiraling out of control.

Lol Profits, our former buddy, has ignored me. I guess he got offended by something I said. The hard truths about trading should not offend you, and if they do, you should not be trading. I don't have much else to say about the matter. People either want to learn how to trade or they want to learn how to lose. Up to them.
TechKnow
This is an extremely tempting formation here. All of me wants to take a cheeky low risk high reward long here. It just is not lining up with me properly for some reason. I think the fact I have any doubts should be my answer. If i were to take a trade I would put a stop under the last 4 hour and target halfway up the formation to be safe.
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TechKnow
Quoting Techknow
long on Bitcoin for 67 ish, then I'll start shorting again for 57. At 57 I will re-assess


Quoting Techknow
I closed all longs on Bitcoin and now will accumulate shorts again.
TechKnow
I hedged long on gold at 2356. I didn't have time to post it at the time, but you can see it in my journal. I already set it to +1 and do not expect too much action to the upside; I just like to keep things in control at all times.

Quoting Techknow
I hedged long on gold at 2356. I didn't have time to post it at the time, but you can see it in my journal. I already set it to +1 and do not expect too much action to the upside; I just like to keep things in control at all times.
As of now, the only positions I have open are pending short on gold and BIT shorts. 1 usdx as an indicator for when to close my gold trades. 0% DD Ill be finding new positions now to add into gold and bit. Hopefully can just find a good ol plain jane currency to trade, lol.
TechKnow
Quoting Techknow
This is an extremely tempting formation here. All of me wants to take a cheeky low risk high reward long here. It just is not lining up with me properly for some reason. I think the fact I have any doubts should be my answer. If i were to take a trade I would put a stop under the last 4 hour and target halfway up the formation to be safe. {image}
I knew it was lyin

Quoting Techknow
Okay, so we all see the numbers I called on Bitcoin were correct, but let's take a deep dive into the entire position, how it unfolded, what I was thinking, and how it's going currently. So when I started shorting this thing after the original high, I got into the drawdown on this massive spike up into the diamond formation. Obviously, I didn't see that was coming at the time, but I was hedged from that gap fill and hourly candle, if you guys remember, its in the posts somewhere. That saved me from going into too much of a drawdown from bitcoin...
Update on bitcoin. It's coming along exactly as planned. Ill start dumping positions to get flat for the halving once it gets anywhere near the 57 zone.
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TechKnow
It's a slow day today; There's not much happening; I am waiting on a bit to continue to roll over; I have pending sells on gold, but not too much is happening otherwise. I guess its time to go play in the water, yes, that is still happening.
TechKnow
Quoting Techknow
It's a slow day today; There's not much happening; I am waiting on a bit to continue to roll over; I have pending sells on gold, but not too much is happening otherwise. I guess its time to go play in the water, yes, that is still happening.
Good trades in the past few days!
Id be careful with Gold, I can see breaking 2500 level pretty soon..
J.P.
Quoting jundzis
{quote} Good trades in the past few days! Id be careful with Gold, I can see breaking 2500 level pretty soon..
It definitely could be possible; who am I too long against the weekly shooting star, however? I will keep my SL low on any short attempts just based on the fact we could easily retrace to the top of the candle if we decide to go higher or not. One thing I will not do however, is get caught long on this giant shooting star. Id really feel silly if I did that. Thank you for coming in and posting. I hope to see a lot more of you. Cheers.
TechKnow
Stopped out of gold. Just short bitcoin now.
TechKnow
Quoting Techknow
Stopped out of gold. Just short bitcoin now.
Any SL and TP?
Quoting Techknow
{quote} It definitely could be possible; who am I too long against the weekly shooting star, however? I will keep my SL low on any short attempts just based on the fact we could easily retrace to the top of the candle if we decide to go higher or not. One thing I will not do however, is get caught long on this giant shooting star. Id really feel silly if I did that. Thank you for coming in and posting. I hope to see a lot more of you. Cheers.
The 2nd rejection around 2390 is obvious as well. If it moves down, then I think the slower the lower.

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ma ma make me happy
Quoting Eagle-Eye
{quote} Any SL and TP?
if you read my posts youll see all my targets are always listed. but im aiming for 57 area before i start accumulating longs, id get out around 58
TechKnow
Quoting Eagle-Eye
{quote} Any SL and TP?
no stops needed dropped those around 70
TechKnow
Lots of support here on a bit, so expect a ton of wiggles. Doesn't change anything. Also the long prospect from 57 is looking pretty damn good.
TechKnow
Quoting hanzohas
{quote} The 2nd rejection around 2390 is obvious as well. If it moves down, then I think the slower the lower. {image}
Price action is expectedly sloppy on gold. I would assume more of the same. Technically, price can restest and even go higher than the weekly as long as it closes underneath it to keep the bearish bias. There is also a scenario where we hit 2520 that I posted a while back. For now, I'm flat and still anticipating a drop until it doesn't. I won't get into it without the market coming to me, though, so I won't get involved if it shoots up. Will keep my eyes on the daily close for more information.
TechKnow
Pretty low risk gold short right now with a stop at 2404, it would be a very small risk to reward ratio. not much to lose but lots to gain.
Edit: that stop may be inaccurate but im l gonna leave it there for now to keep the risk extra small.
TechKnow
Quoting Techknow
Pretty low risk gold short right now with a stop at 2404, it would be a very small risk to reward ratio. not much to lose but lots to gain. Edit: that stop may be inaccurate but im l gonna leave it there for now to keep the risk extra small.
I hope it doesn't hit your stop, but I am not seeing anysign of weakness in gold uptrend. Personally thinking to 2440...
Trend following
Trend follower Return This Year: -2.8%
closed out a scalp for a small profit, over it for now
TechKnow
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