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Daily Trading Ideas

  • #54,121
  • Apr 30, 2020 1:51am Apr 30, 2020 1:51am
Cut both ways
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LUCKY golden trades, LUCKY gold investor trading style
  • #54,122
  • Apr 30, 2020 1:57am Apr 30, 2020 1:57am
GD all.
If you don't know how to earn money, don't loose it.
  • #54,123
  • Apr 30, 2020 1:57am Apr 30, 2020 1:57am
How long is it gonna hold??
Looks like sky rocket coming soon...
So scenario 1 for me but let see what price tell us...
1.2522 for me is target but if hold below grey box... Short side then
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  • #54,124
  • Apr 30, 2020 1:58am Apr 30, 2020 1:58am
Quoting BDfx77
{quote} Dear sir, i im learning a lot from your post. I have a question, why u didn't buy from two mark area.? How i can understand its not the last swing ? {image}
that 2 mark area not a setup
so no reason to jump in play yet that moment
just for a cup of coffee...
  • #54,125
  • Apr 30, 2020 2:01am Apr 30, 2020 2:01am
Quoting mrpips911
Hello Akim, Tuff to say with all these news but would you consider DXY in a bull set up on h1/h4 forming at this support?
if look at h4 dxy is holding there mate..
break so big dump
if not up we go..
if dump should already dump fomc earlier today
i might be wrong too..
just for a cup of coffee...
  • #54,126
  • Apr 30, 2020 2:04am Apr 30, 2020 2:04am
tired today..
sleep all day
just for a cup of coffee...
  • #54,127
  • Apr 30, 2020 2:05am Apr 30, 2020 2:05am
Quoting akim0895
{quote} if look at h4 dxy is holding there mate.. break so big dump if not up we go.. if dump should already dump fomc earlier today i might be wrong too..
What about DXY dump a bit...
So GU sky rocket to 1.252
Then Dxy sky rocket and GU collapse??
ha ha maybe too much
  • #54,128
  • Apr 30, 2020 2:24am Apr 30, 2020 2:24am
Quoting BDfx77
{quote} Dear sir, i im learning a lot from your post. I have a question, why u didn't buy from two mark area.? How i can understand its not the last swing ? {image}
Hi,
hope you don't mind if i comment, if you do, ignore the post.

it was a selling momentum, like others have coment.

until you acquire experience, you can try, some filters.
they also won't be 100% accurate but here is something you can consider.

1st, what i consider one of the most important. TIME.
it's very important for you to know the time where market is. When FK opens, when LO opens, when US open.
analyse what price was doing before FK opens, was price going up, down or sideways?
analyse what price was doing before LO opens, how FK react 1h before, was price going down, up or sideways.
GU tends to make it's move, after LO and US opening.
either you earlier detect it's move, and go with the flow/trend, or you wait until market "calms down" and trade after.

2nd, you can consider to use RSI(9) to filter your entries, i'm not using myself, but i know people does. Wait for setups when RSI is overbought or oversold.
until then, scalp.

3rd, consider BB. if BB are pointing opposite directions (to the outside, opening, widening), consider in not take the trade/setup or do it with tight stop.
(i use it sometimes, when i'm not sure of trend, or setup is not so obvious).

4th, use the forth bar to enter, it will give you the best entry, but it will give you time to better judge.

but in general, trust your judgment, and accept your losses, they are natural, and from time to time, they will occurre.

the rest is Pure Price Action, and experience.

stay cool.
If you don't know how to earn money, don't loose it.
  • #54,129
  • Apr 30, 2020 2:31am Apr 30, 2020 2:31am
Good morning all
  • #54,130
  • Apr 30, 2020 2:41am Apr 30, 2020 2:41am
My gold short trade.
Is it a valid setup?
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  • #54,131
  • Apr 30, 2020 2:44am Apr 30, 2020 2:44am
Quoting coolmakina
{quote} Hi, hope you don't mind if i comment, if you do, ignore the post. it was a selling momentum, like others have coment. until you acquire experience, you can try, some filters. they also won't be 100% accurate but here is something you can consider. 1st, what i consider one of the most important. TIME. it's very important for you to know the time where market is. When FK opens, when LO opens, when US open. analyse what price was doing before FK opens, was price going up, down or sideways? analyse what price was doing before LO opens,...

Thank you ..
Very happy to see your comment
  • #54,132
  • Apr 30, 2020 2:45am Apr 30, 2020 2:45am
Quoting BDfx77
My gold short trade. Is it a valid setup? {image}
GOLD looks very bullish to me and I did not spot any sell set up on your chart.
  • #54,133
  • Apr 30, 2020 2:58am Apr 30, 2020 2:58am
Quoting BDfx77
My gold short trade. Is it a valid setup? {image}
open m30 tF then you will see the example of sell setup
just for a cup of coffee...
  • #54,134
  • Apr 30, 2020 2:59am Apr 30, 2020 2:59am
GU watching 2520 closely. If above, could run really ... if!
Fix up, trade sharp ...
  • #54,135
  • Apr 30, 2020 3:03am Apr 30, 2020 3:03am
Quoting akim0895
{quote} open m30 tF then you will see the example of sell setup
yeap.
and if you zoom - enough, you see Where it's happening.
If you don't know how to earn money, don't loose it.
  • #54,136
  • Apr 30, 2020 3:05am Apr 30, 2020 3:05am
Quoting akim0895
{quote} open m30 tF then you will see the example of sell setup
I entered on the M15 setup
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  • #54,137
  • Apr 30, 2020 3:06am Apr 30, 2020 3:06am
Quoting hocius
{quote} I entered on the M15 setup {image}
not a setup mate..
wrong there
it 2 bear..
look m30 as example
or at my previous posting
just for a cup of coffee...
  • #54,138
  • Apr 30, 2020 3:11am Apr 30, 2020 3:11am
Quoting coolmakina
{quote} Hi, hope you don't mind if i comment, if you do, ignore the post. it was a selling momentum, like others have coment. until you acquire experience, you can try, some filters. they also won't be 100% accurate but here is something you can consider. 1st, what i consider one of the most important. TIME. it's very important for you to know the time where market is. When FK opens, when LO opens, when US open. analyse what price was doing before FK opens, was price going up, down or sideways? analyse what price was doing before LO opens,...
would you pls elaborate your fourth line which reads 4th, use the forth bar to enter, it will give you the best entry, but it will give you time to better judge.
  • #54,139
  • Apr 30, 2020 3:12am Apr 30, 2020 3:12am
Quoting coolmakina
{quote} Hi, hope you don't mind if i comment, if you do, ignore the post. it was a selling momentum, like others have coment. until you acquire experience, you can try, some filters. they also won't be 100% accurate but here is something you can consider. 1st, what i consider one of the most important. TIME. it's very important for you to know the time where market is. When FK opens, when LO opens, when US open. analyse what price was doing before FK opens, was price going up, down or sideways? analyse what price was doing before LO opens,...
Sorry I am Newbie in Forex and i need explications about your indi:
Just to be Sure that They understood FK means german Market?
You Suggest to use indicator RSI n bollinger bands, but which TF, 30 min or 1h or...?
And what parameter for RSI and bollinger bands?
Indeed What is Forth bar?
Thanks a lot
  • #54,140
  • Apr 30, 2020 3:18am Apr 30, 2020 3:18am
also on M15, it's possible to read like those notes:
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however this doesn't invalidate that gold is bullish and so i would consider a trade against the trend!
If you don't know how to earn money, don't loose it.
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