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GamblerPro

  • #661
  • Aug 27, 2019 8:32am Aug 27, 2019 8:32am
Quoting Masterrmind
{quote} Gold ........ and here we go perhaps nearer the DO Line ! {image} Masterrmind..............
Now long on Gold.

Masterrmind............
Master your Mind then Master your Trades
  • #662
  • Aug 27, 2019 8:35am Aug 27, 2019 8:35am
Quoting Masterrmind
{quote} Now long on Gold. Masterrmind............
Closed out for another small winner.

Masterrmind............
Master your Mind then Master your Trades
  • #663
  • Aug 27, 2019 8:48am Aug 27, 2019 8:48am
Quiet week, no trades for me. Waiting for the short term market phase to shift to get a clearer entry. Trade safe
  • #664
  • Aug 27, 2019 8:49am Aug 27, 2019 8:49am
Gold [M5]

May well have missed the long entry today.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB

Risk in terms of the level where price was trading at the time !

Masterrmind.............
Master your Mind then Master your Trades
  • #665
  • Aug 27, 2019 8:52am Aug 27, 2019 8:52am
Quoting TradeMinim
Quiet week, no trades for me. Waiting for the short term market phase to shift to get a clearer entry. Trade safe
Yes agreed.

My approach is to scalp in the meantime unless the market gives me a big enough move to lock in at BE+pips and run a trade across a 50 pip move.

Masterrmind.............
Master your Mind then Master your Trades
  • #666
  • Aug 27, 2019 9:02am Aug 27, 2019 9:02am
That's about me done for the day at least on this trading account.

Good trading to All,

Masterrmind.............
Master your Mind then Master your Trades
  • #667
  • Aug 28, 2019 6:35am Aug 28, 2019 6:35am
Gold [M5]

Looking for a reasonable setup on Gold but will also be analyzing a few other pairs in the background.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB

A few options here:

1. Look to short for several pips towards the DO line or next level of support at about the 1540 level;

2. Trade a breakout with a target up near the 1550 level.

Risk is that the bears come in strong from the current level of 1545 and drive price down to lower levels of support.

Chart structure indicates a recent bearish aggression took place so be careful when unloading.

Lets see if I can add a little more profit to this account today.

Masterrmind............
Master your Mind then Master your Trades
  • #668
  • Aug 28, 2019 6:41am Aug 28, 2019 6:41am
Ideally my preference is to wait for price to pullback closer to the DO line and then attempt a long entry if the PA looks favorable.

May not get exactly what I want so I may need to add a little risk on the entry to get into a trade.

Lets see.

Masterrmind.............
Master your Mind then Master your Trades
  • #669
  • Aug 28, 2019 6:49am Aug 28, 2019 6:49am
Gold [M5]

Now short potentially for a trade back down to the DO line.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB

Short term objective is to trade a shallow pullback then nail a midterm long entry that targets the next grid level up the chart from entry.

Stop is relatively small (initial risk ~1.5%) and a great RR.

But just out from NY Open so lets see how it pans out.

Masterrmind.............
Master your Mind then Master your Trades
  • #670
  • Aug 28, 2019 7:02am Aug 28, 2019 7:02am
Quoting Masterrmind
Gold [M5] Now short potentially for a trade back down to the DO line. {image} Short term objective is to trade a shallow pullback then nail a midterm long entry that targets the next grid level up the chart from entry. Stop is relatively small (initial risk ~1.5%) and a great RR. But just out from NY Open so lets see how it pans out. Masterrmind.............
Taken out on that trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB

Next setup.

Masterrmind............
Master your Mind then Master your Trades
  • #671
  • Aug 28, 2019 7:19am Aug 28, 2019 7:19am
Quoting Masterrmind
{quote} Taken out on that trade. {image} Next setup. Masterrmind............
Now Long setup on Gold.

Lets go !

Masterrmind.............
Master your Mind then Master your Trades
  • #672
  • Aug 28, 2019 8:14am Aug 28, 2019 8:14am
Quoting Masterrmind
{quote} Now Long setup on Gold. Lets go ! Masterrmind.............
Gold

Risk set at limit on this long setup which is ~80% of buffer profit.

Hard stops in place with 3 by 1 Lot longs in play targeting higher levels.

Trades will be allowed to run through the day.

Masterrmind............
Master your Mind then Master your Trades
  • #673
  • Aug 28, 2019 5:10pm Aug 28, 2019 5:10pm
Quoting Masterrmind
{quote} Gold Risk set at limit on this long setup which is ~80% of buffer profit. Hard stops in place with 3 by 1 Lot longs in play targeting higher levels. Trades will be allowed to run through the day. Masterrmind............
3 trades stopped out using the available buffer profit which was about 80% of total buffer profit level.

A non-emotional event since Im using built up profit on an aggressive setup applying a high risk approach which is part of my trade plan for this account.

The process will start again.

Looking forward to trading later today.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #674
  • Aug 29, 2019 3:49am Aug 29, 2019 3:49am
Gold

Long 1 lot .....

Masterrmind.........
Master your Mind then Master your Trades
  • #675
  • Aug 29, 2019 4:01am Aug 29, 2019 4:01am
Quoting Masterrmind
Gold Long 1 lot ..... Masterrmind.........
Knocked out by trailing for a winner.

Next entry soon.

Masterrmind........
Master your Mind then Master your Trades
  • #676
  • Aug 29, 2019 5:00am Aug 29, 2019 5:00am
Looking for an entry to the long side after a nice pullback.

Lets see.

Masterrmind.........
Master your Mind then Master your Trades
  • #677
  • Aug 29, 2019 6:09am Aug 29, 2019 6:09am
Quoting Masterrmind
Looking for an entry to the long side after a nice pullback. Lets see. Masterrmind.........
No entry yet ....

Masterrmind.........
Master your Mind then Master your Trades
  • #678
  • Aug 29, 2019 5:07pm Aug 29, 2019 5:07pm
Quoting Masterrmind
{quote} No entry yet .... Masterrmind.........
Did not participate in any further trades.

Certainly Gold was very bearish in the last part of NY session.

I'll reassess today and look for a setup if a reasonable one exists.

Masterrmind.........
Master your Mind then Master your Trades
  • #679
  • Aug 30, 2019 7:21am Aug 30, 2019 7:21am
Thread currently on hold.

Appears pointless with only 2 real traders participating.

TE's have been temporarily removed pending trader participation.

Thankyou to the few traders who made the effort.

Good trading,

Masterrmind........
Master your Mind then Master your Trades
  • #680
  • Sep 1, 2019 1:10am Sep 1, 2019 1:10am
End of Month Updates have been completed for August.

Congratulations to the sole trader who took out top position for both categories ...

Refer to Post 1 for further details.

Masterrmind..............
Master your Mind then Master your Trades
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