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  • #24,341
  • Dec 15, 2023 9:31am Dec 15, 2023 9:31am
Quoting iusman23
{quote} I have read the following: 10 Essentials of Forex Naked Forex The Blueprint of Trading Psychology Trading in the Zone. Yet I am suffering with my psychology. I close my positions too early instead of holding them to hit my SL or TP.
When you take a trade it’s one of two things, it either hits your SL or your TP. If you closing early then you don’t trust your system, or you don’t have the patience.
  • #24,342
  • Dec 15, 2023 9:45am Dec 15, 2023 9:45am
Quoting d1zzy
{quote} When you take a trade it’s one of two things, it either hits your SL or your TP. If you closing early then you don’t trust your system, or you don’t have the patience.
Most of the time I see it hits my TP later but I book profit too early. I really have no patience but I do trust my system.
Secret to the Price Action is Liquidity.
  • #24,343
  • Dec 15, 2023 9:51am Dec 15, 2023 9:51am
Quoting TingKS
{quote} same here. sold 2042 level activated
TP triggered at 2028. Nice job. missed opportunity to buy long to 2045 again.

Good night and happy trading this week. Enjoy ur weekend.
  • #24,344
  • Dec 15, 2023 11:05am Dec 15, 2023 11:05am
Quoting iusman23
{quote} Most of the time I see it hits my TP later but I book profit too early. I really have no patience but I do trust my system.
same bro... That's why i loss my 10% of capital today.... I hold my losing trade after reaching sl.... I also want to take a break and do something which improve my psychology and doing meditation and all
Be Calm In Every Situation
  • #24,345
  • Dec 15, 2023 11:42am Dec 15, 2023 11:42am
Quoting GoldTrader00
{quote} Two waves gonna catch 2132+ ,2170+ ,2200+... My old followers can subscribe me here.. Trade safe
Good support of 2030..left some buy with tight sl..


Happy weekend
It's all about timing!!!
  • #24,346
  • Dec 15, 2023 11:45am Dec 15, 2023 11:45am
Quoting GoldTrader00
{quote} Good support of 2030..left some buy with tight sl.. Happy weekend
Everyone sees that opportunity. It will go more down 2025
  • #24,347
  • Dec 15, 2023 11:49am Dec 15, 2023 11:49am
Quoting Kaabakas
{quote} Everyone sees that opportunity. It will go more down 2025
LEts see
It's all about timing!!!
  • #24,348
  • Dec 15, 2023 12:01pm Dec 15, 2023 12:01pm
Quoting d1zzy
{quote} When you take a trade it’s one of two things, it either hits your SL or your TP. If you closing early then you don’t trust your system, or you don’t have the patience.

Or... You need to leave and dont wanna leave open trades on Friday and damn.. those tps would be smashed.. But still, profit is profit
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #24,349
  • Dec 15, 2023 12:20pm Dec 15, 2023 12:20pm
If i had an account, damn, this was so clear down spike
  • #24,350
  • Dec 15, 2023 1:41pm Dec 15, 2023 1:41pm
Quoting Kaabakas
If i had an account, damn, this was so clear down spike
Could you explain for me, how it was so obvious ?
  • #24,351
  • Edited 4:37pm Dec 15, 2023 2:17pm | Edited 4:37pm
Quoting eimantasw
{quote} Could you explain for me, how it was so obvious ?
It's a retracement after a Bullish run..

Gold has been so crazy the past 2 months. I'd dare say it started around October 13th.

Also don't keep trades over the weekend as you'll never know what will happen like what happened on Monday, 4th December when the market opened and price shot up in an hour that made some brokers froze gold trading for some time.
  • #24,352
  • Dec 16, 2023 4:17am Dec 16, 2023 4:17am
Quoting SkullCandy
{quote} Or... You need to leave and dont wanna leave open trades on Friday and damn.. those tps would be smashed.. But still, profit is profit
Fair enough, leaving open trades on Fridays is a hit or miss these days.

TP's always smashed
  • #24,353
  • Dec 16, 2023 4:19am Dec 16, 2023 4:19am
Quoting eimantasw
{quote} Could you explain for me, how it was so obvious ?
40 was holding for ages, un-natural bull run, poised to drop any minute. You would know if you kept up with market movements, track the daily/weekly - thank me later
  • #24,354
  • Dec 16, 2023 6:53am Dec 16, 2023 6:53am
Well, it seems that gold price has fully recovered from global decline that took place at the end of september. And judging by price behavior, it has consolidated above necessary levels.
That's happened more than once. And it looks like it's going to happen again. The wave character of movement of this asset has such specifics.
  • #24,355
  • Edited 4:50pm Dec 16, 2023 4:27pm | Edited 4:50pm
Someone mentioned backtesting during holidays, I lost track of who/where.

Be aware that backtesting overstates results because brokers' software does not model real market behavior. Look at the fine print on broker's modeling.

A typical model for a bar is either O_H_L_C or O-L-H-C, modeled with straight lines between those price points. Real markets do not move in straight lines: real price action will hit stops, causing losses that typical models will not see.

Result: understated losses. What looks like a winning strategy in backtesting could be an actual loser in the real world.

The difference might or might not be important--just be a bit skeptical.
  • #24,356
  • Dec 17, 2023 3:26am Dec 17, 2023 3:26am
Okay, guys, I am back into trading for 2 days. Let's do this hell yeah!
Secret to the Price Action is Liquidity.
  • #24,357
  • Dec 17, 2023 6:26am Dec 17, 2023 6:26am
What to expect on Monday in my POV

ryōiki tenkai : Gold Rush
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ryoiki tenkai : Blue Juggernaut
  • #24,358
  • Dec 17, 2023 6:43am Dec 17, 2023 6:43am
Quoting iusman23
Okay, guys, I am back into trading for 2 days. Let's do this hell yeah!

I have also issue with taking early profits and very small. Main cause is using high lot size compared to the account.
  • #24,359
  • Dec 17, 2023 6:46am Dec 17, 2023 6:46am
Quoting Eren10
{quote} I have also issue with taking early profits and very small. Main cause is using high lot size compared to the account.
I have 2 accounts, $6K and $1.25K. Still I have this issue.
Secret to the Price Action is Liquidity.
  • #24,360
  • Dec 17, 2023 7:47am Dec 17, 2023 7:47am
Quoting iusman23
{quote} I have 2 accounts, $6K and $1.25K. Still I have this issue.
why two accounts? surely 7.5k is just that bit safer and will enable you to trade more effectively?
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