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  • #28,161
  • Mar 9, 2024 8:09am Mar 9, 2024 8:09am
Quoting NextElliott
{quote} At this moment I'm looking for 2104 area.. After reaching there will give update for next move. I remember when price was @ 1993 area and I was yelling for 2090 to 2130 area.. Same situation now occurred @ 2178 area, I'm yelling for 2033 - 2026 or more..
Trading strategy that I'm following for myself with my trading system is as follow:

Let's say I have a $500 investment. I will open a trade with 0.01 without stop loss when my system gives me an entry point. And I let it run. I set my Take Profit according to my trading system.. Till then trade will run.. If require I add more positions. I let the trade run until takeprofit hit. This way I manage my trades. This is how I trade. For every $200 only I open 0.01 lot. In some cases for every $100 I open 0.01 lot. I work with time & price. Sometime I gave priority to price and sometimes to time.. This is how it works for me..

=====================================================
DISCLAIMER : I'm not advising anybody to follow above method. Trade at your own risk.
I'm not always right.. I'm not always wrong neither
  • #28,162
  • Mar 9, 2024 8:16am Mar 9, 2024 8:16am
Quoting binary.bryon
As a noob I need to post a question. I have learned recently some important information about market structure and Gold. Well, any market really I guess. With liquidity above 2195 now shouldn't Gold accumulate then move up to the market makers' pre-decided level, ( 2220 for example) then just start dropping like a stone after that area is mitigated?? Selling high and buying low? So don't take any short positions until after the upward momentum has reversed for maybe an hourly candle or two?? I apologize for the rudimentary question. Thank you.
Trading strategy that I'm following for myself with my trading system is as follow:

Let's say I have a $500 investment. I will open a trade with 0.01 without stop loss when my system gives me an entry point. And I let it run. I set my Take Profit according to my trading system.. Till then trade will run.. If require I add more positions. I let the trade run until takeprofit hit. This way I manage my trades. This is how I trade. For every $200 only I open 0.01 lot. In some cases for every $100 I open 0.01 lot. I work with time & price. Sometime I gave priority to price and sometimes to time.. This is how it works for me..

=======================================================
DISCLAIMER : I'm not advising anybody to follow above method. Trade at your own risk.
I'm not always right.. I'm not always wrong neither
  • #28,163
  • Mar 9, 2024 9:11am Mar 9, 2024 9:11am
Thank you NextElliott. That is Brilliant!!! Put heat on the move when it tells you that it's ready for some heat.
  • #28,164
  • Mar 9, 2024 9:34am Mar 9, 2024 9:34am
Quoting NextElliott
{quote} Trading strategy that I'm following for myself with my trading system is as follow: Let's say I have a $500 investment. I will open a trade with 0.01 without stop loss when my system gives me an entry point. And I let it run. I set my Take Profit according to my trading system.. Till then trade will run.. If require I add more positions. I let the trade run until takeprofit hit. This way I manage my trades. This is how I trade. For every $200 only I open 0.01 lot. In some cases for every $100 I open 0.01 lot. I work with time & price. Sometime...
I also have almost same kind of system with little bit of modifications. Difference between me and you is that I am only using cycles and you are using Time and cycle.

First positions is based on cycle and When I add more positions , I will wait for my signal based on my technical trading system (which is nothing but daily volume profile )
Love for all; Hatred for none.
  • #28,165
  • Mar 9, 2024 9:40am Mar 9, 2024 9:40am
Quoting aahmad29
{quote} I also have almost same kind of system with little bit of modifications. Difference between me and you is that I am only using cycles and you are using Time and cycle. First positions is based on cycle and When I add more positions , I will wait for my signal based on my technical trading system (which is nothing but daily volume profile )
To identify correct Cycle is important for this kind of strategy. Surfing the Cycle is amazing..
I'm not always right.. I'm not always wrong neither
  • #28,166
  • Mar 9, 2024 10:59am Mar 9, 2024 10:59am
Hey Guys I'm seeing Some Drop of Gold on Today then Correction Before News and Cpi will Drop it Huge Like 300-400pips & Break the Heavy Buy Zone & Hit SL in a Sec. What's About You Share it with me Tnx.
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  • #28,167
  • Mar 9, 2024 12:02pm Mar 9, 2024 12:02pm
Quoting NextElliott
{quote} Trading strategy that I'm following for myself with my trading system is as follow: Let's say I have a $500 investment. I will open a trade with 0.01 without stop loss when my system gives me an entry point. And I let it run. I set my Take Profit according to my trading system.. Till then trade will run.. If require I add more positions. I let the trade run until takeprofit hit. This way I manage my trades. This is how I trade. For every $200 only I open 0.01 lot. In some cases for every $100 I open 0.01 lot. I work with time & price. Sometime...
TBH I do the same thing and the beauty is... that the prices would fall into such place someday or later. I have been using the same strategy but I keep enough investment to keep me aflot for atleast 200$ counter movement. If things are going bad, I keep on investing basis the market conditions and eventually, keeps me profitable.
Good or bad, this too shall pass...!!
  • #28,168
  • Mar 9, 2024 12:06pm Mar 9, 2024 12:06pm
i like this .01 strategy and yes this works very well without any fear of loosing money
  • #28,169
  • Mar 9, 2024 12:11pm Mar 9, 2024 12:11pm
this is my research you may disagree with me...
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  • #28,170
  • Mar 9, 2024 12:24pm Mar 9, 2024 12:24pm
Quoting javed562
this is my research you may disagree with me... {image}
you r my favourite researcher. I'm with you...!!
Good or bad, this too shall pass...!!
  • #28,171
  • Mar 9, 2024 12:39pm Mar 9, 2024 12:39pm
Quoting H.z
I was reading an article and found out that China Central Bank was a major tool for the Gold price increasing this fast, the question is till when and which price they will stop buying?
They will stop buying around price level 2231.30
I'm not always right.. I'm not always wrong neither
  • #28,172
  • Mar 9, 2024 12:58pm Mar 9, 2024 12:58pm
DXY
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  • #28,173
  • Mar 9, 2024 1:01pm Mar 9, 2024 1:01pm
Quoting Jonas4
Already took profit on 4 of the 5 shorts from 2194, each 20 lot. But I'm still unsure if it's worth keeping the last position. It just doesn't make sense that it doesn't hover around 2200 for a while, or break above, so why not close it now and wait for 2200 retest? {image}
You trade with 100 lots Gold and ask us about that position . Even Rockefeller doesn’t trade with 100 lots Gold. He goes for safer instrument EURUSD for his 100 lots
  • #28,174
  • Mar 9, 2024 1:40pm Mar 9, 2024 1:40pm
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  • #28,175
  • Mar 9, 2024 1:45pm Mar 9, 2024 1:45pm
Quoting javed562
this is my research you may disagree with me... {image}
Hi, I think there are some unclear points here. 1. To draw a trend line, we need at least two points. And without it, you can't trust the drawn trend line. The more points of contact with the trend line, the more valid the trend line is. 2. The high slope of the trend line causes price changes to occur more quickly. This high slope is the result of a sudden jump or drop in a short period of time. The higher the slope of the trend line, the more invalid the trend line and the more likely it is to break. A slope of 45 degrees is considered a suitable and valid slope in trend line analysis. (This does not correspond to partial waves drawn inside the channel) ... the probability of the formation of this channel is very low ...
  • #28,176
  • Mar 9, 2024 2:43pm Mar 9, 2024 2:43pm
Quoting NextElliott
{quote} From coming week Gold will start falling for 2033 - 2026 or more. Weekly closed @ 2178.
Which analysis led you to this? Im hoping that we got a big sell impact here for next week! it cant be only bullish the whole time men… what is this? This has nothing to do with Trading anymore. But the weekly close remains bullish - thats not a good sign in my opinion. Im hoping for under 2100 numbers again…
  • #28,177
  • Mar 9, 2024 2:45pm Mar 9, 2024 2:45pm
Quoting NextElliott
{quote} They will stop buying around price level 2231.30
I know one thing … when Chinese start buying nothing will stop them, gold might hit 3000 level
  • #28,178
  • Mar 9, 2024 2:49pm Mar 9, 2024 2:49pm
Quoting javed562
this is my research you may disagree with me... {image}
absolutely I disagree with you, maybe technically ur analysis correct but logically incorrect
  • #28,179
  • Mar 9, 2024 2:49pm Mar 9, 2024 2:49pm
https://www.forexfactory.com/thread/...4#post14787914
not sure either. Will we still aim for 2250 in the short term? Or focus on relaxation straight away?
I agree with Lucky, in H4 XAUUSD looks pretty done, but D1?W1?
https://www.forexfactory.com/thread/...8#post14788038
My try short is from Friday 2177.5 , lets see.
XAUUSD W1
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Extreme rocks are now expected to drop again within next week here in this thread (16,2K).
Take a look at what has been the maximum since 09/2001.
https://www.forexfactory.com/thread/...3#post14788173
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Good Luck next week
  • #28,180
  • Mar 9, 2024 4:36pm Mar 9, 2024 4:36pm
Quoting NextElliott
{quote} They will stop buying around price level 2231.30
maybe will be the higher price for this year?...any TA can support your statement sir?..

really appricate for your view...
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