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Daily Trading Ideas

  • #34,381
  • Nov 1, 2019 9:40pm Nov 1, 2019 9:40pm
Quoting LeongPuiy
{quote} ok buddy i will watch at weekend
buddy..
i always mention
again n again..
how good is your MM
but if don’t have courage n confident inside you
sure you will fail..
how to builts it?
trading with small lots at your target/prediction level
lots that you does not mind if that position fail/loss..
slowly up the lots amount when you start to have courage and confidence..
trust at your methods and system
others leave to the market decide..
️
just for a cup of coffee...
  • #34,382
  • Nov 2, 2019 4:26am Nov 2, 2019 4:26am
Looking at Gold weekly chart really does look bullish - especially after that late push up to 1514 yesterday
Attached Image
  • #34,383
  • Nov 2, 2019 4:37am Nov 2, 2019 4:37am
Quoting Mtinifx
Looking at Gold weekly chart really does look bullish - especially after that late push up to 1514 yesterday {image}
cant argue with that mate i have some sell limits to 1550 but who knows what will happen next week
people leave, but this thread will go on for ever
  • #34,384
  • Nov 2, 2019 6:30am Nov 2, 2019 6:30am
Yeah different people different analysis indeed. This one is screaming at me SHORT at Monday open. If it gaps up even better.

If it opens at that high Monday open I'm shorting it. If it gaps up I'm shorting it. . Could be wrong but hey that's what stops are for. Not gonna ask for a lot though maybe just at 38% retrace of the daily then maybe let rest run. Dunno well see. Gotta take some profit never know maybe bulls might come out midday. But looks like it's going down first.

FYI: Chart is a 4 hour chart. (XAUUSD)
Attached Image (click to enlarge)
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  • #34,385
  • Nov 2, 2019 6:36am Nov 2, 2019 6:36am
Quoting Mtinifx
Looking at Gold weekly chart really does look bullish - especially after that late push up to 1514 yesterday {image}
Yes bud daily looks it wants to break resistance. But I think it's going down first at Monday open. Last Fridays (last 4 hours) up move is extremely low. Smells like sharks to me. This is why i'm gonna short it and run. In case bulls come out mid day or NY session.
  • #34,386
  • Nov 2, 2019 6:47am Nov 2, 2019 6:47am
And there's also this. So gotta be a ninja at the open in out quick in case this works mid day. But it's Monday lots of fakes on Monday. Could be wrong...
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  • #34,387
  • Nov 2, 2019 6:58am Nov 2, 2019 6:58am
Quoting akim0895
{quote} buddy.. i always mention again n again.. how good is your MM but if don’t have courage n confident inside you sure you will fail.. how to builts it? trading with small lots at your target/prediction level lots that you does not mind if that position fail/loss.. slowly up the lots amount when you start to have courage and confidence.. trust at your methods and system others leave to the market decide.. ️
Well South Africa won the rugby so feeling good!!

Great advice Akim I also what to chip in and say that one does need a very reliable chart/system which highlights solid tradeable opportunities. The market is to an extent random inasmuch that we just don't know exactly when the boys are going to press their buy/sell buttons - I'm talking about the boys that move the price of course! - so in my view, we should wait until we have some sort of indication that they have indeed decided to significantly move the price and then open a trade so that we will, 90% of the time, be trading with them and not on the wrong side against them!
For those that are constantly being knocked out and losing money, this method could be the difference.
  • #34,388
  • Nov 2, 2019 7:01am Nov 2, 2019 7:01am
Quoting maflip
Yeah different people different analysis indeed. This one is screaming at me SHORT at Monday open. If it gaps up even better. If it opens at that high Monday open I'm shorting it. If it gaps up I'm shorting it. . Could be wrong but hey that's what stops are for. Not gonna ask for a lot though maybe just at 38% retrace of the daily then maybe let rest run. Dunno well see. Gotta take some profit never know maybe...
Sure bud, no problem if it goes down again - I'm happy to sell!
  • #34,389
  • Nov 2, 2019 7:29am Nov 2, 2019 7:29am
By the way I thought it's about time I stuck up a selfie on my profile!
  • #34,390
  • Nov 2, 2019 7:42am Nov 2, 2019 7:42am
Quoting Mtinifx
{quote} Well South Africa won the rugby so feeling good!! Great advice Akim I also what to chip in and say that one does need a very reliable chart/system which highlights solid tradeable opportunities. The market is to an extent random inasmuch that we just don't know exactly when the boys are going to press their buy/sell buttons - I'm talking about the boys that move the price of course! - so in my view, we should wait until we have some sort of indication that they have indeed decided to significantly move the price and then open a trade...
Yeah first you need a system and entry rule. Trade it. Ok now you know the win rate. Is it working? Good. Now follow it. Trade that with courage and confidence. Else, you have a system and entry rule. Trade it. is it working? No its not working. Is it not working because you are not following it or the system just sucks? If so, re adjust the entry rule. Until it works. Or sometimes they said if win rate is 40% increase the profit target they said. Easier said than done sometimes when you incrrase profit target win rate decrease to 10%. Or, get a mentor thats the sure fire way. Make sure mentor with proven track records.

And uuhhh Forex Factory is best place to find a mentor. Everyone is profitable here. Ex... Here here's a chart believe me now?!
  • #34,391
  • Nov 2, 2019 8:15am Nov 2, 2019 8:15am
Quoting akim0895
{quote} buddy.. i always mention again n again.. how good is your MM but if don’t have courage n confident inside you sure you will fail.. how to builts it? trading with small lots at your target/prediction level lots that you does not mind if that position fail/loss.. slowly up the lots amount when you start to have courage and confidence.. trust at your methods and system others leave to the market decide.. ️
  • #34,392
  • Nov 2, 2019 8:16am Nov 2, 2019 8:16am
Quoting akim0895
{quote} buddy.. i always mention again n again.. how good is your MM but if don’t have courage n confident inside you sure you will fail.. how to builts it? trading with small lots at your target/prediction level lots that you does not mind if that position fail/loss.. slowly up the lots amount when you start to have courage and confidence.. trust at your methods and system others leave to the market decide.. ️
Ok buddy Maybe i am too rush to play bigger lot
  • #34,393
  • Nov 2, 2019 8:26am Nov 2, 2019 8:26am
Quoting maflip
{quote} Yeah first you need a system and entry rule. Trade it. Ok now you know the win rate. Is it working? Good. Now follow it. Trade that with courage and confidence. Else, you have a system and entry rule. Trade it. is it working? No its not working. Is it not working because you are not following it or the system just sucks? If so, re adjust the entry rule. Until it works. Or sometimes they said if win rate is 40% increase the profit target they said. Easier said than done sometimes when you incrrase profit target win rate decrease to 10%. ...
Yep! Actually quite depressing - when one goes to the "Trades" section of FF and it looks like some wonderful traders but when one actually checks their TE's "all time return" tells a totally different story - mostly downhill

Yes I find with myself - when I'm losing I am NOT following my rules and my own system!! So what I've done now is use the MT4 labels and actually put your rules ON to your live chart - you seeing them all the time - so that in the heat of battle one doesn't forget
  • #34,394
  • Nov 2, 2019 8:50am Nov 2, 2019 8:50am
Quoting Mtinifx
{quote} Well South Africa won the rugby so feeling good!! Great advice Akim I also what to chip in and say that one does need a very reliable chart/system which highlights solid tradeable opportunities. The market is to an extent random inasmuch that we just don't know exactly when the boys are going to press their buy/sell buttons - I'm talking about the boys that move the price of course! - so in my view, we should wait until we have some sort of indication that they have indeed decided to significantly move the price and then open a trade...
that why i always told we really need to understand how market/chart play..
no methods or system that can give us 100% accurate
but if we work/learn more,sure we can get at least 70-80% from its..that already enough for us get lots of green pips..
most of us forget or miss lot of basic things at forex trading..like some elders said..charts is talking to us where its want to go..
big boy or small boy we just follow their step..
️
just for a cup of coffee...
  • #34,395
  • Nov 2, 2019 9:13am Nov 2, 2019 9:13am
Quoting maflip
{quote} Yeah first you need a system and entry rule. Trade it. Ok now you know the win rate. Is it working? Good. Now follow it. Trade that with courage and confidence. Else, you have a system and entry rule. Trade it. is it working? No its not working. Is it not working because you are not following it or the system just sucks? If so, re adjust the entry rule. Until it works. Or sometimes they said if win rate is 40% increase the profit target they said. Easier said than done sometimes when you incrrase profit target win rate decrease to 10%. ...
same when we all going to study at school
which school have good teacher and great record for produce brilliant student so lots of parents will sent their kids there..
big amount of money need to pay for the fees
but still send their kids there..
not all will get 100% results..
only several of them achive the 100% results
same at forex trading..
️
just for a cup of coffee...
  • #34,396
  • Edited 9:45am Nov 2, 2019 9:27am | Edited 9:45am
Quoting Mtinifx
{quote} Yep! Actually quite depressing - when one goes to the "Trades" section of FF and it looks like some wonderful traders but when one actually checks their TE's "all time return" tells a totally different story - mostly downhill Yes I find with myself - when I'm losing I am NOT following my rules and my own system!! So what I've done now is use the MT4 labels and actually put your rules ON to your live chart - you seeing them all the time - so that in the heat of battle one doesn't forget ...
i have read some article couple month ago
that a women from japan(age 60) took long time to be a success trader..facing big loss too before achive her success..
from stocks trader
changing to forex trader before she get its..
so loss is a normal things we must facing if want to be a great traders..
don’t give up and keep learning..
️
just for a cup of coffee...
  • #34,397
  • Nov 2, 2019 1:26pm Nov 2, 2019 1:26pm
Quoting akim0895
{quote} ... that a women from japan(age 60) took long time to be a success trader..facing big loss too before achive her success.. from stocks trader changing to forex trader before she get its..
Good, so I still have hope, I only have 53 ...
  • #34,398
  • Nov 2, 2019 1:40pm Nov 2, 2019 1:40pm
Quoting kik
{quote} Good, so I still have hope, I only have 53 ...
Unfortunately most people never do achieve success in this game Kik. When I look back on my old threads going back years most of the posters have disappeared. I'm still here but someone has stay around to keep the sharks well fed!

However if you hang around on this thread for another 7 years or so and keep learning from the master then anything is possible
  • #34,399
  • Nov 2, 2019 1:56pm Nov 2, 2019 1:56pm
Quoting Mtinifx
{quote}..anything is possible

Yeah, I saw now that we have the same years of FF, I'm happy to see your picture now
  • #34,400
  • Nov 2, 2019 2:26pm Nov 2, 2019 2:26pm
add more $ to gold for short
add more $ to gbp for short
eurgbp holding the line? hope so ( when fake punch up, will add $ for short )
good weekend all
bbq n beer for energize it
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