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  • #46,321
  • Oct 10, 2024 7:40am Oct 10, 2024 7:40am
Going short
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  • #46,322
  • Oct 10, 2024 7:40am Oct 10, 2024 7:40am
Quoting Nordling
Going short {image}
DX dropping pushing gold up?
  • #46,323
  • Oct 10, 2024 7:42am Oct 10, 2024 7:42am
Quoting MrFanciful
I thought I'd give an update since I went quiet for a while. I really concentrated on my psychology. I'm not losing my shit anymore, thanks to watching Tom Hougaard's live streaming. Its really helped with my patience (though the last two days have been testing it). As a result, last month I only made a loss of £25. So far this month, I'm up £672. One thing I decided to do was rather than trying to build my account with every single penny from my profits, I'd start withdrawing and rewarding myself with it. I'm keeping my account balance around the...
I was doing the same for a long time, keeping all the profit in, but then life is short we could get hit by a car tomorrow.

So more recently I have taken out profit and travelled around Europe. Life is for living!

Respect on profiting so much on a 600 quid account btw. My positions tend to be high margin shorter targets, so I would have definitely blown the account haha
  • #46,324
  • Oct 10, 2024 7:42am Oct 10, 2024 7:42am
Quoting Interesting0
{quote} DX dropping pushing gold up?
I don't like to speak in absolutes, anything can happen in this market. Risk management is the key. Cheers buddy

But yeah, if dxy falls gold goes up
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  • #46,325
  • Oct 10, 2024 7:43am Oct 10, 2024 7:43am
Quoting azhantahir
{quote} Single entry for CPI Lower Low happens at CP1, Going up weekly trend {image}

Major Resistance already changes after CPI. Looks great for buyers.
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Look right, we'll see the signs
  • #46,326
  • Oct 10, 2024 7:46am Oct 10, 2024 7:46am
Quoting Ksth
2612 looks good to buy. TP 2655 area. SL 2600. Wondering 2655 good area to sell?
Change TP area 2653. Sell limit 2653. TP 2643..
  • #46,327
  • Oct 10, 2024 7:47am Oct 10, 2024 7:47am
Quoting ElCampeador
{quote} Buying long positions between 7th &15th october is my take and holding for a few weeks.
7th was right on time. We may see another low 5% chance. I was predicting a definite low but as chart developed, It is temporaly. The definite low for me is around 28th.
The warrior of good
  • #46,328
  • Oct 10, 2024 7:49am Oct 10, 2024 7:49am
Quoting Nordling
Going short {image}
Took short from 2622 like you took..
Cheers buddy..
  • #46,329
  • Oct 10, 2024 7:52am Oct 10, 2024 7:52am
Quoting azhantahir
{quote} Major Resistance already changes after CPI. Looks great for buyers. {image}

Weekly bullish dominant. if H1 closed above 2621
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Look right, we'll see the signs
  • #46,330
  • Oct 10, 2024 7:52am Oct 10, 2024 7:52am
Quoting jawad99
{quote} Took short from 2622 like you took.. Cheers buddy..
Cheers my friend wishing you the greenest pips
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  • #46,331
  • Oct 10, 2024 7:52am Oct 10, 2024 7:52am
Quoting Ksth
{quote} Change TP area 2653. Sell limit 2653. TP 2643..
yeah!
People don't plan to lose. They lose because they don't plan.
  • #46,332
  • Oct 10, 2024 7:54am Oct 10, 2024 7:54am
This 4H close over 23, will buy the dip at NY open.

Classical reversal signal, price sweeping SSL and BSL on the daily, should theoretically reverse to bull momentum again.

But this gold, could very well freakin flip.
  • #46,333
  • Edited 9:41am Oct 10, 2024 7:57am | Edited 9:41am
Quoting Orand
Long at : 2613.50 Sl : 2609.50 Tp : 2618.50(tp hit ) ------------------------ Add long at 2616 Sl : 2612 Tp : 2621(sl hit ) ------------------------- Today Status so far : (50,-40pip) , Total: 10pip Today Win Ratio : 1/2 or %50
Short at :2622
Sl : 2626(sl hit)
Tp : open
-----------------
Short again at 2625
Sl :2630
Tp : open(closed at 2618)
------------------
Long at : 2618
sl : 2614
tp : 2625(tp hit)
------------------
Short : 2625
Sl : 2630(took avg ) sl move to 2632
Tp : open
----------------
  • #46,334
  • Oct 10, 2024 7:58am Oct 10, 2024 7:58am
Quoting d1zzy
This 4H close over 23, will buy the dip at NY open. Classical reversal signal, price sweeping SSL and BSL on the daily, should theoretically reverse to bull momentum again. But this gold, could very well freakin flip.
No reversal, this week gold will be stuck between 2600 and 2630.
  • #46,335
  • Oct 10, 2024 8:00am Oct 10, 2024 8:00am
Quoting ScalaFX
{quote} yeah!
Profit protect.. hopefully can reach 2653 area.. that is sell zone area.. hahahaa
  • #46,336
  • Oct 10, 2024 8:00am Oct 10, 2024 8:00am
Quoting jawad99
{quote} No reversal, this week gold will be stuck between 2600 and 2630.
dude it looks to be pushing up heavy!? See how it feels the 2630 minute get go long
  • #46,337
  • Oct 10, 2024 8:09am Oct 10, 2024 8:09am
Quoting jawad99
{quote} Took short from 2622 like you took.. Cheers buddy..
My SL is at 2632 if you are wondering buddy. And target at 2612. 1:1 bc i was early to get in
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  • #46,338
  • Oct 10, 2024 8:48am Oct 10, 2024 8:48am
Quoting Orand
{quote} Short at :2622 Sl : 2626(sl hit) Tp : open ----------------- Short again at 2625 Sl :2630 Tp : open(closed at 2618) ------------------ Long at : 2618 sl : 2614 tp : 2625
Im long from : 2618
Sl : 2614
Tp :2625(tp hit )
  • #46,339
  • Oct 10, 2024 8:53am Oct 10, 2024 8:53am
Quoting Orand
{quote} Im long from : 2618 Sl : 2614 Tp :2625(tp hit )
(Tp hit)
---------------------
Short : 2625
Sl : 2630
Tp : open
  • #46,340
  • Oct 10, 2024 8:54am Oct 10, 2024 8:54am
Quoting AUsome
{quote} I was doing the same for a long time, keeping all the profit in, but then life is short we could get hit by a car tomorrow. So more recently I have taken out profit and travelled around Europe. Life is for living! Respect on profiting so much on a 600 quid account btw. My positions tend to be high margin shorter targets, so I would have definitely blown the account haha
I just recognised that I would have really good days, and then a series of bad days. Probably like everyone. Watching Tom Hougaard's YouTube live streams of him trading the DAX, Dow etc, showed me that even he as a professional trader has bad days (watched him lose £30,000+ of real money in a day). I realised that one, not the only but one, of the reasons for my losses is that I wasn't taking any profits from my winning days. So when I had an inevitable losing day, I would lose all my previous profits and I wasn't getting anywhere.

Maybe later on, I'll be able to increase my account balance to £800 and then £1000, using those as my baselines. But at the moment I should concentrate on being comfortable trading a £500-£600 account. Learn to be more selective on my entries. Be comfortable not being in the market, and letting my winners run a bit longer as the trend generally keeps on going for longer than I expect.
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