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Average Down

  • #141
  • Jun 17, 2022 2:21am Jun 17, 2022 2:21am
Quoting spijack
yesterday was too busy on my day job... cant have enough time to see the gold how's is it going after FOMC... so FRY-day need to grind and get my weekly target at least... taken some scalping short 1823 and target 1850...
Short tp reach +$30...
FRYday and lets aviod false move today...
Only scalping...
"bad trades at times do happen even when the set up are good"
  • #142
  • Jun 17, 2022 10:26am Jun 17, 2022 10:26am
i have change my trade explorer for this journal...
the average down and previous trade explorer still on my profile page...
it is 18 days old account, and still i am in the mood to lift it to higher gain...
the bigger leverage i have the better position i can do the average down strategy(counter trading)...

so far today i was scalping here and there and got good gain...
tight targets $1-2 every position s only 0.01Lot...
asaad account gain +$152 today and overall this week +$322...
average down account gain +$196 today and overall this week +$838...
done for this week, and will look forward for another weeks to come to be more consisted and profitable...
i was not active last tuesday and thursday for some reason and being busy with my day job...
still brilliant and successful result with short period of time looking on intraday...
"bad trades at times do happen even when the set up are good"
  • #143
  • Jun 20, 2022 1:02pm Jun 20, 2022 1:02pm
no trade today...
my choice to avoid market liquidity and get mistakes from false pattern...
lets hit the market tomorrow...

gold view...
if sell zone broke above we can expect to go higher 1900 again...
if buy zone broke below we can expect to go deeper till 1760...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-20_20-42-00.png Size: 74 KB

i never look always in crypto and never trade them open...
this fast few weeks i was watching it when price show some REE code but i let it go...

weekly tf it complete 1.272 level and took some reaction...
REE code some level from 26k-30k if bull will do some upward correction...
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2022-06-20_20-49-48.png Size: 42 KB

for intraday is more interesting and tempting...
price action show some REE in 21k-23k to target 12k...
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2022-06-20_20-55-55.png Size: 36 KB

better wait for clear picture tomorrow, if the mention plan above will be given...
"bad trades at times do happen even when the set up are good"
  • #144
  • Jun 21, 2022 12:22am Jun 21, 2022 12:22am
no red news today...
waiting for LO boys...

"bad trades at times do happen even when the set up are good"
  • #145
  • Jun 21, 2022 1:04am Jun 21, 2022 1:04am
testing the water...
long gold 1834-35
"bad trades at times do happen even when the set up are good"
  • #146
  • Jun 21, 2022 1:24am Jun 21, 2022 1:24am
Quoting spijack
testing the water... long gold 1834-35
closed long 1836....
+$11 & +$21
waiting for good short entry...
"bad trades at times do happen even when the set up are good"
  • #147
  • Jun 21, 2022 1:55am Jun 21, 2022 1:55am
Long again on gold 1833...
Will add more if price goes lower...
"bad trades at times do happen even when the set up are good"
  • #148
  • Jun 21, 2022 2:50am Jun 21, 2022 2:50am
Quoting spijack
Long again on gold 1833... Will add more if price goes lower...
closed long scalp...
+$40 & +$55...
still looking and waiting for good short entry....
"bad trades at times do happen even when the set up are good"
  • #149
  • Jun 21, 2022 2:59am Jun 21, 2022 2:59am
just after i closed scalp long and gold spike up...
anyway profit is profit...
now will look for short entry...
"bad trades at times do happen even when the set up are good"
  • #150
  • Jun 21, 2022 11:14am Jun 21, 2022 11:14am
done for today...
cover most good position from long and short in gold between 1833-41...
good run today scalping...

asaad TE gain 7.0% +$219
average down BBMA TE gain 4.2% +$310

gold still in side way specially in H1 TF very clear to spot scalping level...
i was looking 1828 for bear and 1847 for bull today...
somehow nothing much to expect and still very good gain today...
"bad trades at times do happen even when the set up are good"
  • #151
  • Jun 22, 2022 12:30am Jun 22, 2022 12:30am
Gold price on buy zone...
for now waiting for some sign of exhaustion we need to see...
any price stretch out of BB lower band is the key today for buy entry...
H4 already kiss the BB lower band...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-22_08-25-56.png Size: 32 KB

H1 still undecided and melting away...
price cant close below BB lower band and getting pull up inside the BB band...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-22_08-28-46.png Size: 29 KB

15mins as well melting down no sign of stretching yet...
anyhow frankfurt and london almost get there, it could give good picture...
i am only looking for a buy, 1st target the daily open level 1833...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2022-06-22_08-30-36.png Size: 25 KB
"bad trades at times do happen even when the set up are good"
  • #152
  • Jun 22, 2022 2:08am Jun 22, 2022 2:08am
interesting Frankfurt and London open...
it seems big boys waiting for Fed Chair Powell Testifies...
for now no buying yet...
let gold price to go lower and find the bottom point where good buy entry can get...
"bad trades at times do happen even when the set up are good"
  • #153
  • Jun 22, 2022 3:03am Jun 22, 2022 3:03am
testing the water...
buy gold 1825-26...
tp 1832-33...
"bad trades at times do happen even when the set up are good"
  • #154
  • Jun 22, 2022 3:05am Jun 22, 2022 3:05am
Quoting spijack
no trade today... my choice to avoid market liquidity and get mistakes from false pattern... lets hit the market tomorrow... gold view... if sell zone broke above we can expect to go higher 1900 again... if buy zone broke below we can expect to go deeper till 1760... {image} i never look always in crypto and never trade them open... this fast few weeks i was watching it when price show some REE code but i let it go... weekly tf it complete 1.272 level and took some reaction... REE code some level from 26k-30k if bull will do some upward correction......
seem like BTC has good reentry.
H4 giving us CSAK Sell. If it follow, price probably look for Low BB H4, maybe 19k ?
fall seven times, stand up eight.
  • #155
  • Jun 22, 2022 3:22am Jun 22, 2022 3:22am
Quoting razoredge22
{quote} seem like BTC has good reentry. H4 giving us CSAK Sell. If it follow, price probably look for Low BB H4, maybe 19k ?
yes buddy, promising view...
yesterday i didnt jump into selling...
i was waiting for price to hit the upper BB in H4...
but another hesitation showing on W1 TF seems to correct more higher...
so far need to monitor and hoping to break 1.272 fibo ext level so we can see more lower...
"bad trades at times do happen even when the set up are good"
  • #156
  • Jun 22, 2022 4:03am Jun 22, 2022 4:03am
Quoting spijack
{quote} yes buddy, promising view... yesterday i didnt jump into selling... i was waiting for price to hit the upper BB in H4... but another hesitation showing on W1 TF seems to correct more higher... so far need to monitor and hoping to break 1.272 fibo ext level so we can see more lower...
Yeah bro. the best is when price hitting Top BB. Well we can get on H4 reentry. But make sure H1 hitting Top BB too but for how Top BB and current price seem far. Just wait and see how it go. Better get on clear BBMA structure.
fall seven times, stand up eight.
  • #157
  • Jun 22, 2022 4:25am Jun 22, 2022 4:25am
Quoting razoredge22
{quote} Yeah bro. the best is when price hitting Top BB. Well we can get on H4 reentry. But make sure H1 hitting Top BB too but for how Top BB and current price seem far. Just wait and see how it go. Better get on clear BBMA structure.
Have to be patience in this crypto...
Its already too low and over sold...
Jumping on wrong level can cause big loss...
Hope this can give more clear view later...
If it is still not enough consideration selling it then i will past...
"bad trades at times do happen even when the set up are good"
  • #158
  • Jun 22, 2022 4:36am Jun 22, 2022 4:36am
Quoting spijack
testing the water... buy gold 1825-26... tp 1832-33...
closed long scalp...
gold bulls still weak, could be waiting for powell...
asaad TE gain +$61
average down TE gain +$77

now waiting for US open...
"bad trades at times do happen even when the set up are good"
  • #159
  • Jun 22, 2022 6:11am Jun 22, 2022 6:11am
and gold bulls flew away
much exiting part later if powell will push this lower again...
"bad trades at times do happen even when the set up are good"
  • #160
  • Jun 22, 2022 6:28am Jun 22, 2022 6:28am
Quoting spijack
and gold bulls flew away much exiting part later if powell will push this lower again...
got some quick scalp shorting gold while in hot iron....
still out of BB upper band in 15mins TF...
enough small amount...
let go down a bit then join the bulls later...

asaad TE gain +$16
average down TE gain +$19
"bad trades at times do happen even when the set up are good"
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