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Daily Trading Ideas

  • #56,921
  • Jun 2, 2020 8:35pm Jun 2, 2020 8:35pm
Hi akim0895,

Last night I was wonder closed buy position at 1745 when you said but afraid the price will continue up, and the spread between buy and sell too wide (3 points).

I'm a new trader. I trade Gold. My effective margin only USD 1,141 with 2 lock position, sell open at 1659.10 and 1712 and buy open at 1724.70 and 1728.35. Last night I wish to closed open buy 1728.35 at 1745 when you said "almost back where price start to drop..still want to short?" and lock again at around 1732, to get more effective margin. But I afraid if the price will go up after that, because mostly traders said will reach 1751 before fall. With spread between sell and buy different 3 points, that mean when I liquid buy at 1745 then the price go up, I will lost all money because of auto liquid. I regret when the price went down so much until 1719 and just watch without take any action...

This morning.. would you or anybody can suggest me, what can I do? In my mind with effective margin only USD 1,141 when I open lock (liquid buy/sell) margin required will be USD 1000, so effective margin only left USD 441, with spread between buy and sell USD 300, I only have USD 100 left. Once I open lock and the price reverse, I will lost all money....

I dont have any tools, so I don't know where the top and the bottom of daily moving range. I just use my mind in real world and watch everyday news. I have real bussiness. And since Monday (1 June) I'm too exciting of the new beginning after 3 months doing nothing at home. So I don't care about US demonstration issue, corona, and US-China tension. I start to contact my client and start everything. That makes me not too interest on gold anymore. That's why think gold will go down.

Please help me...?
  • #56,922
  • Jun 2, 2020 8:40pm Jun 2, 2020 8:40pm
Quoting rockiess
Hi akim0895, Last night I was wonder closed buy position at 1745 when you said but afraid the price will continue up, and the spread between buy and sell too wide (3 points). I'm a new trader. I trade Gold. Please help me...?
please fill up your account with another 1000$
and then don't open any new positions
if you want to keep your account safe.
generally small amount accounts easily get lost because people make big lots.
i have done this mistake many times.
depositing extra money can save your account
  • #56,923
  • Jun 2, 2020 8:44pm Jun 2, 2020 8:44pm
Quoting akim0895
shorts scalps again at Gu..m15 bear setup stop 25pips
not bad..
just for a cup of coffee...
  • #56,924
  • Jun 2, 2020 8:51pm Jun 2, 2020 8:51pm
Quoting rockiess
Hi akim0895, Last night I was wonder closed buy position at 1745 when you said but afraid the price will continue up, and the spread between buy and sell too wide (3 points). I'm a new trader. I trade Gold. My effective margin only USD 1,141 with 2 lock position, sell open at 1659.10 and 1712 and buy open at 1724.70 and 1728.35. Last night I wish to closed open buy 1728.35 at 1745 when you said "almost back where price start to drop..still want to short?" and lock again at around 1732, to get more effective margin. But I afraid if the price will...
This is really hard to read because there are so many beginners mistakes that most trades all know too well, you shouldnīt trade gold, you have bad risk management, you hold trades way too long, you hedge. Itīs just pure gambling believe me, I was there too. It will be almost impossible to save your trade because itīs hard to know the perfect timing to close hedge trades especially for gold. And even if you survive you will most likely lose everything a few days later. That is nothing against you, itīs just how it usually goes if you are new and start right away with real money and no strategy. Best you can do is probably close everything, drawdown is money you basically donīt own anymore. But that is not an advice, maybe someone can help you. For the future I can only say that you have to learn a lot and this is a good place, donīt underestimate this market and think you can get rich quick, itīs the hardest business in the world.
  • #56,925
  • Jun 2, 2020 8:54pm Jun 2, 2020 8:54pm
Quoting fxpro786
{quote} please fill up your account with another 1000$ and then don't open any new positions if you want to keep your account safe. generally small amount accounts easily get lost because people make big lots. i have done this mistake many times. depositing extra money can save your account
no he shouldnīt add more money because he will lose it 100%
  • #56,926
  • Jun 2, 2020 9:00pm Jun 2, 2020 9:00pm
Quoting rockiess
Hi akim0895, Last night I was wonder closed buy position at 1745 when you said but afraid the price will continue up, and the spread between buy and sell too wide (3 points). I'm a new trader. I trade Gold. My effective margin only USD 1,141 with 2 lock position, sell open at 1659.10 and 1712 and buy open at 1724.70 and 1728.35. Last night I wish to closed open buy 1728.35 at 1745 when you said "almost back where price start to drop..still want to short?" and lock again at around 1732, to get more effective margin. But I afraid if the price will...
mate i am nowhere near akim’s level but i hope these will help you.. based on what you wrote,

1)what strategy are you using for your buy and sells? are you entering the market based on what people said? based on what akim said? thats wrong move there mate..

2)it appears that you dont use stoploss.. if your strategy works without stoploss then good for you.. if not you have to study more on stoploss and complement it with whatever strategy you have.

3)instead of saying you dont have any tools, dont care about current world affairs.. thats wrong mindset there mate.. i am desperate for any information that i can obtain to help me better understand gold..this is a cut throat business.. you are taking this too lightly.. imo you are gambling mate, tbh i think you stand a higher chance in casino.. dont take trades based on what akim said.. try and understand why akim said that is better for you as a trader.. 50/52 is the zone i want to play at, but market start sinking at 43/45, we had short signals there.. even akim cant not predict where the market will move in the future, but he is good at reading what market tells him and he just simply follow suit..

my advice would be, its alright if you bust this account.. but if you dont know what you are doing, please do not deposit more money and sink further.. its meaningless, sharks will take it away from you.. question here is what can you do to prevent such mistakes in the future? what need to be done? lastly do look at attachment on top right (akim’s 2cent.pdf) hope this helps you mate.. goodluck and stay safe.
  • #56,927
  • Jun 2, 2020 9:04pm Jun 2, 2020 9:04pm
dxy is still holding daily channel support, got retested for the third time since yesterday, could finally bounce from here
  • #56,928
  • Jun 2, 2020 9:17pm Jun 2, 2020 9:17pm
Quoting akim0895
shorts scalps again at Gu..m15 bear setup stop 25pips
nice catch boss
  • #56,929
  • Jun 2, 2020 9:24pm Jun 2, 2020 9:24pm
i always in hurry closing whatever in green'
but i can't click that close button if it is in small red
we need to change this phsychology;
i think the only guy can make money in this market who don't want to make money at all
leave whatever is in green
and cut whatever is red very short
  • #56,930
  • Jun 2, 2020 10:02pm Jun 2, 2020 10:02pm
Quoting fxpro786
i always in hurry closing whatever in green' but i can't click that close button if it is in small red we need to change this phsychology; i think the only guy can make money in this market who don't want to make money at all leave whatever is in green and cut whatever is red very short

Trade like the casino does... It's not about being right or wrong it's only about probabilities & when the casino believes the odds are against them they cut & move on to the next one that has good probabilities.
  • #56,931
  • Jun 2, 2020 10:06pm Jun 2, 2020 10:06pm
i have seen some fx trading websites
which have competitions on demo
like they give you 1000$ and you have to trade for complete 1 month ie. around 4 trading weeks ie. 20 days
and some people like make 2,00,000 $
and some make 5,00,000 $
and some make 10,00,000 $
also some flush their account as well even in demo
how they do this?
and how we not able to play like that
and is this possible when doing in real acc
  • #56,932
  • Jun 2, 2020 10:22pm Jun 2, 2020 10:22pm
Good day Akim, Comar and all

I have been a silent observer of this thread for some months. I have been reading the posts from first page and have learnt a lot. It is a whole lot to read actually - lol

I want to thank you Akim for helping those of us that want to succeed in this business of trading. You said something very true last month: when you give to others plenty more comes back to you. Because of this I know you will keep having success. It is encouraging reading your posts and learning from you. I write down most of them. You may not understand the impact your thread has on many others. I am sure there are many who are not members but still learn. (Me, I could not post until I actually registered today as member but I have been reading all these months).

At this point I am working on perfecting my entries for scalping. I am hopeful that I will be able to do so soon.

Thank you, thank you, thank you Akim, Comar and everybody who makes this thread active. Whether you are on the bear side or bull side, I wish you all plenty green pips!
  • #56,933
  • Jun 2, 2020 11:32pm Jun 2, 2020 11:32pm
Good day all
my EU stop out at 1205 but still in small green,
now waiting new train ️
GU closed early scalped with 35 pips. And waiting retest.
gold i miss 15m and waiting LO give some set up or retest upside.
early morning wake up kind of blur so barely post here
PA Return Today: na
  • #56,934
  • Jun 2, 2020 11:42pm Jun 2, 2020 11:42pm
Quoting whitefire
Good day Akim, Comar and all I have been a silent observer of this thread for some months. I have been reading the posts from first page and have learnt a lot. It is a whole lot to read actually - lol I want to thank you Akim for helping those of us that want to succeed in this business of trading. You said something very true last month: when you give to others plenty more comes back to you. Because of this I know you will keep having success. It is encouraging reading your posts and learning from you. I write down most of them. You may not understand...
welcome around mate..
thanks..
keep it up mate..
just for a cup of coffee...
  • #56,935
  • Jun 2, 2020 11:44pm Jun 2, 2020 11:44pm
Quoting fxpro786
i have seen some fx trading websites which have competitions on demo like they give you 1000$ and you have to trade for complete 1 month ie. around 4 trading weeks ie. 20 days and some people like make 2,00,000 $ and some make 5,00,000 $ and some make 10,00,000 $ also some flush their account as well even in demo how they do this? and how we not able to play like that and is this possible when doing in real acc
Mate,
dont dream too big at early stage,
You still not experienced trader and pro yet,
if Akim trade $1K account, yes , he is possible to make a lot, because he got 10 yrs and more experienced.
he also patient and confident with market move and enter without any fear and dare and know where to add order for scalped.
but for us, also possible but need learn more and control our discipline and mindset.
better stop think using small account to get rich in short period and focus study and build experience and confident.
PA Return Today: na
  • #56,936
  • Jun 2, 2020 11:55pm Jun 2, 2020 11:55pm
Quoting rockiess
Hi akim0895, Last night I was wonder closed buy position at 1745 when you said but afraid the price will continue up, and the spread between buy and sell too wide (3 points). I'm a new trader. I trade Gold. My effective margin only USD 1,141 with 2 lock position, sell open at 1659.10 and 1712 and buy open at 1724.70 and 1728.35. Last night I wish to closed open buy 1728.35 at 1745 when you said "almost back where price start to drop..still want to short?" and lock again at around 1732, to get more effective margin. But I afraid if the price will...
my suggestion is , try to youtube or google some basic of forex first,
Support / Resistance
Price action
candlestick pattern

and next watch chart how market play and mark down where previous or current reject area (support / resistance)

if you dont hv system method to trade at entry, find attachment there for akim 2 cent pdf, and learn it.
but this is 2 different thing, you must go know about the basic first bfr jump in trade.
and set proper stop loss and learn how to set Stop loss,
If floating a lot negative due to no stop loss, nobody can help you mate, you either hold trade or cut loss.
PA Return Today: na
  • #56,937
  • Jun 3, 2020 12:03am Jun 3, 2020 12:03am
go for demo first if you managed profit in 3 month testing then you are good to go to live.
have clear rules when to enter market, where to sl, and where to tp your trade.
  • #56,938
  • Jun 3, 2020 12:49am Jun 3, 2020 12:49am
with akim's method' we have to understand the market cycle; what the dealer is trying to do, their trap moves, where they are trapping buyers or sellers, they will trap atleast one of the two and then move the other side, if we are able to got the cycle, we will rock in this business.. better akim can tell us how he understand the trap moves in combiantion with his methodd
  • #56,939
  • Jun 3, 2020 12:57am Jun 3, 2020 12:57am
Quoting rockiess
Hi akim0895, Last night I was wonder closed buy position at 1745 when you said but afraid the price will continue up, and the spread between buy and sell too wide (3 points). I'm a new trader. I trade Gold. My effective margin only USD 1,141 with 2 lock position, sell open at 1659.10 and 1712 and buy open at 1724.70 and 1728.35. Last night I wish to closed open buy 1728.35 at 1745 when you said "almost back where price start to drop..still want to short?" and lock again at around 1732, to get more effective margin. But I afraid if the price will...
i see lot of our friends alreaday give you a good advice..
from me..
how about get some knowledge first before thinking to reload more at your account..?
at trading..
don’t follow the wind blow..
follow from our knowledge n system/methods..
take care
just for a cup of coffee...
  • #56,940
  • Jun 3, 2020 1:02am Jun 3, 2020 1:02am
Inserted Video


For the guys who posted recently.
The link is for a seminar by Mark Douglas.
Also search "Trading in the Zone" book by Mark Douglas, also free to listen to audio book on you tube.
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