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  • #49,641
  • Oct 29, 2024 5:28pm Oct 29, 2024 5:28pm
Quoting Haks
{quote} Yes one thing I've learnt is to never ever fight the market. I had to learn this the hard way. The market does not care about what we think. For example, I recognise that gold is extremely bullish hence why I am only scalping here and there and not committing to going short or long as it's not clear when this bullish momentum will end. So, I'd rather be in and out of positions very quick.
read the signs it gives you, that H&S was a good opportunity to try and short with it calculated risk and make money, but once it was clear it was crumbling it was time to see how it reacted to the extremes. Sometimes the best way to make money is doing nothing and wait. Overtrading leads to loses and revenge trading.
  • #49,642
  • Oct 29, 2024 6:33pm Oct 29, 2024 6:33pm
Let's try some sell.
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  • #49,643
  • Oct 29, 2024 6:42pm Oct 29, 2024 6:42pm
Quoting Tintin2014
{quote} i don't know him. he is just a trader who is managing other people fund.
This is a common method used by some dubious brokers. Fxbook can be easily faked by manipulating their own broker charts.

After clients see positive earnings, they will be lured to invest. After enough investments, the "trader" will incur a drawdown basically enough to extract a lot of monies while keeping the clients still hopeful.
  • #49,644
  • Oct 29, 2024 7:09pm Oct 29, 2024 7:09pm
Quoting Azen
Let's try some sell. {image}
Price just jumped straight to my stoploss.
  • #49,645
  • Oct 29, 2024 7:58pm Oct 29, 2024 7:58pm
Hi all,
I've been following on for a while now but thought I'd finally join the chat.
I've been dabbling in trading for fun on and off for a few years but starting to get much more serious now. I've still got so much to learn, and it's been great reading through the posts in this Thead for insight, different ideas, and trade setups.
Cheers.
  • #49,646
  • Oct 29, 2024 8:43pm Oct 29, 2024 8:43pm
Gold is going on berserk mode , it’s going to hit alll the stop losss +going to blows out lots of accounts, trade safety don’t do a revenge trade , wait for a reversal if not just wait patiently

gud luck all
  • #49,647
  • Oct 29, 2024 9:22pm Oct 29, 2024 9:22pm
It has happened to me. I’ve been down since afternoon..
  • #49,648
  • Oct 29, 2024 9:22pm Oct 29, 2024 9:22pm
Quoting Azen
Let's try some sell. {image}
There's literally no justifications in selling GOLD at All time highs. What reason would you have to short Gold when it is in all time high territory? What is your logic?

This needs to be studied. What are retail traders obsessions with selling in an aggressively bull market??
X - https://x.com/macrodave_
  • #49,649
  • Oct 29, 2024 9:33pm Oct 29, 2024 9:33pm
I hope this structure works now.
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  • #49,650
  • Edited 9:47pm Oct 29, 2024 9:34pm | Edited 9:47pm
Quoting 0drawdown
{quote} There's literally no justifications in selling GOLD at All time highs. What reason would you have to short Gold when it is in all time high territory? What is your logic? This needs to be studied. What are retail traders obsessions with selling in an aggressively bull market??
My reason is market structure. I can basically forget everything else except market structure. If the structure appears tradable. I try to position myself with tight stoploss.
  • #49,651
  • Oct 29, 2024 9:50pm Oct 29, 2024 9:50pm
Quoting MG1212
It has happened to me. I’ve been down since afternoon..
What happened brother? Let's try to make it work together. Don't lose hope.
  • #49,652
  • Oct 29, 2024 9:52pm Oct 29, 2024 9:52pm
so what trade do we get today
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  • #49,653
  • Oct 29, 2024 9:53pm Oct 29, 2024 9:53pm
Quoting PatienceFx
so what trade do we get today {image}
Is this a breakout in here to the upside?
  • #49,654
  • Oct 29, 2024 10:08pm Oct 29, 2024 10:08pm
Quoting Azen
{quote} Is this a breakout in here to the upside?
h1 10 sma is immediate support for me
  • #49,655
  • Oct 29, 2024 10:09pm Oct 29, 2024 10:09pm
Check my recent thread trading system for GOLD trades and let me know if you like it

No more guessing now
You can lead a horse to water, but you can't make it drink
  • #49,656
  • Oct 29, 2024 10:13pm Oct 29, 2024 10:13pm
to be honest i do not have a clear trade signal as yet
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  • #49,657
  • Oct 29, 2024 10:14pm Oct 29, 2024 10:14pm
Quoting xkwisit2001
Check my recent thread trading system for GOLD trades and let me know if you like it No more guessing now
L
I
N
K
  • #49,658
  • Oct 29, 2024 10:29pm Oct 29, 2024 10:29pm
Quoting PatienceFx
{quote} L I N K
The only 1 I have lol

https://www.forexfactory.com/thread/...trading-system?
You can lead a horse to water, but you can't make it drink
  • #49,659
  • Oct 29, 2024 10:34pm Oct 29, 2024 10:34pm
Quoting 0drawdown
{quote} There's literally no justifications in selling GOLD at All time highs. What reason would you have to short Gold when it is in all time high territory? What is your logic? This needs to be studied. What are retail traders obsessions with selling in an aggressively bull market??
I guess we lose common sense sometimes. Need to be reminded from time to time. Thanks..
What you can't do is what you don't try.
  • #49,660
  • Oct 29, 2024 10:37pm Oct 29, 2024 10:37pm
Quoting lhmarengo
{quote} I guess we lose common sense sometimes. Need to be reminded from time to time. Thanks..
I agree. We go crazy from time to time
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Nayimboy