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  • #11,801
  • Jul 10, 2023 7:56pm Jul 10, 2023 7:56pm
Weakness in XU

Quoting Surya108
Weakness in XU {image}
#glitch
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2023-07-11_08-26-43.png Size: 22 KB
  • #11,802
  • Jul 10, 2023 8:02pm Jul 10, 2023 8:02pm
Quoting aahmad29
{quote} Sell 1912 TP 1903 Buy 1928 TP 1938 Sell 1922 TP 1912 Sell 1932 TP 1922 (closed manually at 1923) Buy 1918 TP 1928 (Hit TP) Sell Limit 1922 TP 1912 Sell limit 1932 TP 1923 Sell Limit 1942 TP 1932 Buy Limit 1898 TP 1908 Buy Limit 1908 TP 1918 Buy Limit 1918 TP 1928 Buy Limit 1888 TP 1898
Sell 1912 TP 1903
Buy 1928 TP 1938
Sell 1922 TP 1912
Buy 1918 TP 1928 (closed at 1927.50)


Sell Limit 1922 TP 1912
Sell limit 1932 TP 1923
Sell Limit 1942 TP 1932
Buy Limit 1898 TP 1908
Buy Limit 1908 TP 1918
Buy Limit 1918 TP 1928
Buy Limit 1888 TP 1898
Love for all; Hatred for none.
  • #11,803
  • Jul 10, 2023 8:07pm Jul 10, 2023 8:07pm
Above 1938 , I am not buying. I will keep adding short positions
Love for all; Hatred for none.
  • #11,804
  • Jul 10, 2023 9:20pm Jul 10, 2023 9:20pm
Dont do this folks. I sold at 1926 now Im hedging, imo one of most frustrating things when operating.. should have taken advantage just for a little bit better price, I broke my rules now im paying
  • #11,805
  • Jul 10, 2023 10:56pm Jul 10, 2023 10:56pm
Quoting David-Roddel
Dont do this folks. I sold at 1926 now Im hedging, imo one of most frustrating things when operating.. should have taken advantage just for a little bit better price, I broke my rules now im paying
what's the rule?
  • #11,806
  • Jul 10, 2023 10:58pm Jul 10, 2023 10:58pm
Quoting David-Roddel
Dont do this folks. I sold at 1926 now Im hedging, imo one of most frustrating things when operating.. should have taken advantage just for a little bit better price, I broke my rules now im paying
It went up $4 and you have to hedge?

In any case, German CPI data in 1 minute's time can change things.
  • #11,807
  • Jul 10, 2023 11:02pm Jul 10, 2023 11:02pm
Zebi has gone missing ever since "bools" took over lol.
  • #11,808
  • Jul 10, 2023 11:14pm Jul 10, 2023 11:14pm
Quoting aahmad29
{quote} Sell 1912 TP 1903 Buy 1928 TP 1938 Sell 1922 TP 1912 Buy 1918 TP 1928 (closed at 1927.50) Sell Limit 1922 TP 1912 Sell limit 1932 TP 1923 Sell Limit 1942 TP 1932 Buy Limit 1898 TP 1908 Buy Limit 1908 TP 1918 Buy Limit 1918 TP 1928 Buy Limit 1888 TP 1898
Never really understood this kind of trading. You can be profitable but due to the floating positions/drawdown, withdrawal is kinda hard....
  • #11,809
  • Jul 10, 2023 11:19pm Jul 10, 2023 11:19pm
Quoting Pipsolengelo
{quote} what's the rule?
Don't trade without advantage just for feeling you are right... I got absurdly confident... and even if there is $4 the main rule is to avoid looses, so that's why i'am hedging.. react quicly
  • #11,810
  • Jul 10, 2023 11:28pm Jul 10, 2023 11:28pm
Hypothetical question guys: who do you consider to be a better trader (assuming all other things are the same).

Trader A-Only trades Gold.
Trader B-Trades Gold and a forex pair.

The argument for Trader A is that he only need one instrument to make the same ROI, ie able to find more "resources" in the same "mine".
The argument for Trader B is that he is not over-reliant on that one singular instrument.

Who is the better trader in your opinion?
  • #11,811
  • Jul 10, 2023 11:35pm Jul 10, 2023 11:35pm
Quoting David-Roddel
{quote} Don't trade without advantage just for feeling you are right... I got absurdly confident... and even if there is $4 the main rule is to avoid looses, so that's why i'am hedging.. react quicly
Everyone tries that but its quite hard to get success every time. It happens to me quite often. Price shows a sign but then moves opposite.
  • #11,812
  • Jul 10, 2023 11:44pm Jul 10, 2023 11:44pm
woww the asia session is lit today. brought the price to 1940 almost
  • #11,813
  • Jul 10, 2023 11:45pm Jul 10, 2023 11:45pm
Thank you very much
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  • #11,814
  • Jul 10, 2023 11:46pm Jul 10, 2023 11:46pm
Quoting RamonFx2
{quote} Never really understood this kind of trading. You can be profitable but due to the floating positions/drawdown, withdrawal is kinda hard....
Withdrawal is enough to pay my utility bills
Love for all; Hatred for none.
  • #11,815
  • Jul 10, 2023 11:48pm Jul 10, 2023 11:48pm
Quoting RamonFx2
Hypothetical question guys: who do you consider to be a better trader (assuming all other things are the same). Trader A-Only trades Gold. Trader B-Trades Gold and a forex pair. The argument for Trader A is that he only need one instrument to make the same ROI, ie able to find more "resources" in the same "mine". The argument for Trader B is that he is not over-reliant on that one singular instrument. Who is the better trader in your opinion?
In my opinion there is not such a thing... the monster is there just to play by your side or against you.. I know btc players that did it well but without knowing how the market works, most oft them are now screwed
  • #11,816
  • Jul 10, 2023 11:49pm Jul 10, 2023 11:49pm
Quoting MrFanciful
Thank you very much {image}
Epic trade taken, well done Mr!
"Who Dares Wins"
  • #11,817
  • Jul 10, 2023 11:51pm Jul 10, 2023 11:51pm
Quoting RamonFx2
{quote} Never really understood this kind of trading. You can be profitable but due to the floating positions/drawdown, withdrawal is kinda hard....
I have very simple method of trading but in the mean time it is complicated. I believe 70% of time market is ranging and 30% of time it is trending. I pay attention to 70% of part to make money. When market is trending then my money management skills will come in to close the DD at BE or with minimal loss.
Love for all; Hatred for none.
  • #11,818
  • Jul 10, 2023 11:51pm Jul 10, 2023 11:51pm
I am entering into sells. Tp 1930
Sl 1942
  • #11,819
  • Jul 10, 2023 11:53pm Jul 10, 2023 11:53pm
Quoting RamonFx2
Hypothetical question guys: who do you consider to be a better trader (assuming all other things are the same). Trader A-Only trades Gold. Trader B-Trades Gold and a forex pair. The argument for Trader A is that he only need one instrument to make the same ROI, ie able to find more "resources" in the same "mine". The argument for Trader B is that he is not over-reliant on that one singular instrument. Who is the better trader in your opinion?
I don't know which is better.

I just trade Gold now. Used to just trade GBPUSD. I switched as I only have to really consider the dollar as the value of gold is actually pretty flat. The volatility and rise in XAUUSD is actually just the buying power of the dollar declining. I basically have to halve thework for XAUUSD, as such I'm doing far better with gold than I ever did with a forex pair.

I also pay a lot more attention to macros. Everyone should have gone bearish on the dollar when Yellen went to China and bowed and begged them to lend then $850bil. Absolutely smacked of desperation.
  • #11,820
  • Jul 11, 2023 12:08am Jul 11, 2023 12:08am
Got a nice Sell from 1936 to 1933.
Just going to watch the market now for my next trade until direction is more clear.
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