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  • #47,901
  • Oct 21, 2024 10:23am Oct 21, 2024 10:23am
On the other hand ... seems that the bull move is over ...

Switching to SELL!!!
  • #47,902
  • Oct 21, 2024 10:24am Oct 21, 2024 10:24am
Buying again at 2717
  • #47,903
  • Oct 21, 2024 10:25am Oct 21, 2024 10:25am
Quoting ElCampeador
What news are we getting or got for this turn
No need to check the news, you can see all in the technical, this is a no option trade.

Mortgage the house, sell the kids, and go all in!
The market hides a perfect geometry.
  • #47,904
  • Oct 21, 2024 10:27am Oct 21, 2024 10:27am
Good day folks. I can't help my sleepy eyes. Careful with this open price. There is a chance here for both. Just move +SL if price moves lower. Adios.
The market hides a perfect geometry.
  • #47,905
  • Oct 21, 2024 10:28am Oct 21, 2024 10:28am
Quoting lipopos
{quote} Is it difficult for anyone? Are you not able to read what is written and understand the meaning?
So you are telling me, that i spent countless hours, months, years to teach myself that i should explain it to some lazy arse. Told you price structure.
We have many source that showed you how to read price structure, build the knowledge, then you experience it. Only then, you become a not so wise trader, who can take rational trading decision and work with the probabilities.
More time in the market, does not mean you trade better!
  • #47,906
  • Oct 21, 2024 10:29am Oct 21, 2024 10:29am
Quoting Fardeen1209
{quote} ~ $100 move for an intraday setup is wild, cause the second factor of the chart is the x-axis which is time, and neglected by 90% My SL chase me, hit so many times that now my way of partial profit taking, and entry rule for preventing to catch/bottom, make real shit happen.
again.. ignore the TP
Setup is entry not TP.

i only asked you why to underestimate sellers if they aware to the risk.. even if it seems like the dumbest trade according to your market structure system.
  • #47,907
  • Oct 21, 2024 10:32am Oct 21, 2024 10:32am
Buying again at 2720

SL 2715
  • #47,908
  • Oct 21, 2024 10:32am Oct 21, 2024 10:32am
Quoting NrSLionHeart
On the other hand ... seems that the bull move is over ... Switching to SELL!!!
Ha!
  • #47,909
  • Oct 21, 2024 10:37am Oct 21, 2024 10:37am
Quoting ElCampeador
{quote} You seem a smart guy. Are you capable to see what has happened between these 3 charts on diferent plataforms {image} {image} {image}
No, and I don't need to since I'm not familiar with oil charts. Maybe guys from Crude Oil thread can help you answer this.
  • #47,910
  • Oct 21, 2024 10:38am Oct 21, 2024 10:38am
Quoting Whale
Time to hunt 2735 sold sl 2738 tp open screenshot of a dreamer {image}
bro you are areal hero please can you be my mentor
  • #47,911
  • Oct 21, 2024 10:38am Oct 21, 2024 10:38am
Quoting Haks
{quote} To be fair it was too overextended with very little pull back. Literally gone up over $100 in less than a week. Some correction is needed surely.
Yeah but there is a big difference between take profit sessions and correction. TP sessions last maximum of 2 days and quickly find bottom, while corrections go much deeper. This pair is due to correction but won't happen before U.S. elections which is the most important world event this year.
  • #47,912
  • Oct 21, 2024 10:39am Oct 21, 2024 10:39am
Quoting AlxT
{quote} Ha!

This was a fall to trap all the buyers underwater.

Best we can expect for the moment is to have a 50% retracement. Once we get there, if we get there, I will see what happens next.

I am out of the market at the moment as I am just looking for one more trade - going all in 0.5 lots!!!
  • #47,913
  • Oct 21, 2024 10:39am Oct 21, 2024 10:39am
today 2.86% profit is done. gold will touch the 2743~45 zone most likely. the market is still volatile, may be 2755~60 is the last price target.

market is still bullish but, the ultimate target is 2620~30 which is the supply zone before further rise.

i closed all of my gold trade. waiting for a better set up.
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  • #47,914
  • Oct 21, 2024 10:41am Oct 21, 2024 10:41am
Quoting Fardeen1209
{quote} So you are telling me, that i spent countless hours, months, years to teach myself that i should explain it to some lazy arse. Told you price structure. We have many source that showed you how to read price structure, build the knowledge, then you experience it. Only then, you become a not so wise trader, who can take rational trading decision and work with the probabilities.
Are you out of your mind? I asked you not to throw pompous words around, but to explain to THOSE who, from YOUR words and not from MINE, "don't understand when and where to trade with a return to the mean." But I don't need an explanation, I didn't ask you about it. It's of no use to me.
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #47,915
  • Oct 21, 2024 10:41am Oct 21, 2024 10:41am
Quoting PushnPull
{quote} No, and I don't need to since I'm not familiar with oil charts. Maybe guys from Crude Oil thread can help you answer this.
The issue is not about oíl but credibility. If you cannot reach fair enough.cheers
The warrior of good
  • #47,916
  • Oct 21, 2024 10:53am Oct 21, 2024 10:53am
Quoting ElCampeador
{quote} The issue is not about oíl but credibility. If you cannot reach fair enough.cheers
Don't know why you acted this way, by bringing oil into gold thread. But good for you that can get your credibility back.
  • #47,917
  • Oct 21, 2024 10:53am Oct 21, 2024 10:53am
Quoting lipopos
{quote} Are you out of your mind? I asked you not to throw pompous words around, but to explain to THOSE who, from YOUR words and not from MINE, "don't understand when and where to trade with a return to the mean." But I don't need an explanation, I didn't ask you about it. It's of no use to me.
Chill mate, there are many traders in this room boasting & showing off over small things after losing big in the last couple of weeks. Fardeen's post is probably the most innocent and least offensive one compared to those. We all give advices from time to time, he just did that.
You have to have an IQ higher than 90 to interact with this user.
  • #47,918
  • Oct 21, 2024 10:59am Oct 21, 2024 10:59am
So much conflicts happening in this thread lately. I’m not sure why people that went long have to humiliate people that went short and got burnt and vice versa. And even some people laughing at people that’s lost money. That’s so unnecessary.

At the end of the day, we’re all here to learn and potentially make money. No need to make fun of mistakes or blown accounts. I believe we’re all adults here so we can do so much better
  • #47,919
  • Edited 11:15am Oct 21, 2024 10:59am | Edited 11:15am
Quoting Whale
{quote} again.. ignore the TP Setup is entry not TP. i only asked you why to underestimate sellers if they aware to the risk.. even if it seems like the dumbest trade according to your market structure system.
This is where you are and I was wrong.
A setup is not made only for entry, but also gives you the probability for price to push from your entry to partial TP and final TP.

Outcome of a setup can be 3 ways from what i've experienced so far,
#1 It failed directly,
#2 It bounce some in your favour then move against you
#3 It bounce in your favour and continues to move in your favour. (which i guess is our objevtive of trading)

#1 can be eliminated by implementing set of entry rules, preventing us from FOMO.

That leaves #2 and #3.
Trade management comes into place now.
If in both cases, and been trading a secrurity for a long time , we already have our past trade, and know the number of times, when #2 and #3 is most likely to occur. Our goal is the play a defensive between the #2 and #3.
This is why i emphasis partial take profit, to cover the risk, for example when trading gold, the probability for price for bounce from a level majority of the time, is a level that can be seen upto 4hr, even tho it will be failed later. So even if we are on 1mins tf, the level we are trading must be on 4hr. As long as we get the bounce, and with proper MM, we can have majority of our trade as a risk free trade and/or risk exposure partially covered.

For #3 to happen, this is where understanding of fundamental is crucial. The 'reason' to move the price.

Think the price movement in terms of an order book, and why one side of the market will eat the other side alive.

The conjunction of the TA and FA gives the trader the edge to be on the trade that occurs under the situation #3 majority of the time.

So being wrong is no longer a matter, when you know majority of your trade will be under #3. What the mind will seek, will be only when the next opportunity under #3 will occur. This is where, fear of missing out, fear of losing, fear of being wrong ends.
Cause we all are very well aware that a trading career is not made up with only 1 trade.
More time in the market, does not mean you trade better!
  • #47,920
  • Oct 21, 2024 11:01am Oct 21, 2024 11:01am
Quoting lipopos
{quote} Are you out of your mind? I asked you not to throw pompous words around, but to explain to THOSE who, from YOUR words and not from MINE, "don't understand when and where to trade with a return to the mean." But I don't need an explanation, I didn't ask you about it. It's of no use to me.
Good then keep trying to catch top/bottom.
More time in the market, does not mean you trade better!
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