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Break Through Trading

  • #301
  • Dec 10, 2024 11:43am Dec 10, 2024 11:43am
So, Steve you don't care much about overbought/oversold conditions...... You just make a trade when you find decent setups. ADR is over 100% already by the way. Many traders have already walked away I guess.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #302
  • Dec 10, 2024 12:49pm Dec 10, 2024 12:49pm
Quoting heispark
So, Steve you don't care much about overbought/oversold conditions...... You just make a trade when you find decent setups. ADR is over 100% already by the way. Many traders have already walked away I guess.
Hi Justin,
Good to hear from you.
No, I don't take notice of over sold/over bought conditions
It was after trying to make sense of the Stochastic Indicator that I took all Indicators of my Charts completely
Apart from the Candles and the odd daliance with Moving Averages the only thing I do use is the Average True Range Indicator to get an idea of the size of the Bars when I Enter Trades.
If Price tells me it wants to continue to go up I will Trade Long it's only when Price shows a Shift in Structure (1 Min.) that I change my Bias and Stop Buying
Of course Time of Day is also an Influence
I hope your Trading is going well
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241210_18.24.png Size: 56 KB
  • #303
  • Dec 10, 2024 12:59pm Dec 10, 2024 12:59pm
GOLD

It's too late in the day now for me take any more Trades but watching how Price behaves carries on
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241210_18.50.png Size: 53 KB
  • #304
  • Dec 10, 2024 1:33pm Dec 10, 2024 1:33pm
Quoting stevepatt
{quote} GOLD Long Trade Result BE+ Price is Failing to make New Highs I'll Post a Chart later
GOLD The Chart that explains my decision to Exit this Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241210_19.17.png Size: 60 KB
  • #305
  • Dec 11, 2024 12:49am Dec 11, 2024 12:49am
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241211_06.44.png Size: 36 KB
  • #306
  • Dec 12, 2024 1:15am Dec 12, 2024 1:15am
Quoting stevepatt
GOLD {image}
GOLD

I didn't have time to Post this yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241212_07.09.png Size: 47 KB
  • #307
  • Dec 12, 2024 1:24am Dec 12, 2024 1:24am
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241212_07.15.png Size: 39 KB
  • #308
  • Dec 12, 2024 1:42am Dec 12, 2024 1:42am
Quoting stevepatt
GOLD {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241212_07.39.png Size: 31 KB
  • #309
  • Dec 12, 2024 1:47am Dec 12, 2024 1:47am
Quoting stevepatt
{quote} GOLD {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241212_07.45.png Size: 30 KB
  • #310
  • Dec 12, 2024 5:19am Dec 12, 2024 5:19am
Hi, Steve
Thank you for posting your charts. Your chart is a piece of art indeed!
By the way, don't you watch 15M chart anymore?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #311
  • Dec 12, 2024 10:14am Dec 12, 2024 10:14am
Quoting heispark
Hi, Steve Thank you for posting your charts. Your chart is a piece of art indeed! By the way, don't you watch 15M chart anymore?
Hi Justin,
Since switching to GOLD I haven't found it necessary to watch the 15M Chart
Price seems to Flow well on the 1 Min. Chart for me to follow
  • #312
  • Dec 12, 2024 10:26am Dec 12, 2024 10:26am
GOLD Short
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241212_16.22.png Size: 32 KB
  • #313
  • Dec 12, 2024 12:01pm Dec 12, 2024 12:01pm
Quoting stevepatt
GOLD Short {image}
GOLD Short Trade Result Stop Hit
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241212_17.47.png Size: 49 KB
  • #314
  • Dec 12, 2024 12:51pm Dec 12, 2024 12:51pm
Quoting stevepatt
{quote} GOLD Short Trade Result Stop Hit {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241212_18.44.png Size: 48 KB
  • #315
  • Dec 12, 2024 11:55pm Dec 12, 2024 11:55pm
GOLD Long Trade
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241213_05.53.png Size: 42 KB
  • #316
  • Dec 13, 2024 12:26am Dec 13, 2024 12:26am
Quoting stevepatt
GOLD Long Trade {image}
GOLD Long Trade Result Stop Hit

GOLD Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241213_06.21.png Size: 40 KB
  • #317
  • Dec 13, 2024 1:04am Dec 13, 2024 1:04am
Quoting stevepatt
{quote} GOLD Long Trade Result Stop Hit GOLD Short Trade {image}
GOLD Short Trade Result Target Hit

GOLD Long Trade 2
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241213_06.57.png Size: 52 KB
  • #318
  • Dec 15, 2024 2:52am Dec 15, 2024 2:52am
Quoting stevepatt
{quote} GOLD Short Trade Result Target Hit GOLD Long Trade 2 {image}
GOLD Long Trade 2 Result 75% Loss

The Chart below, I hope, will show my reasoning behind the Trades I took

https://www.forexfactory.com/attachm...4?d=1734182800
  • #319
  • Dec 15, 2024 6:45am Dec 15, 2024 6:45am
I have just uploaded a Video to my Youtube Channel that, I hope, explains my thought process and what I am looking for to Enter Trades

Inserted Video
  • #320
  • Dec 16, 2024 12:46am Dec 16, 2024 12:46am
GOLD Short Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold_20241216_06.34.png Size: 47 KB
Click to Enlarge Name: Spot Gold_20241216_06.41.png Size: 40 KB
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