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Break Through Trading

  • #361
  • Dec 20, 2024 9:37am Dec 20, 2024 9:37am
Quoting stevepatt
{quote} GOLD Short Trade {image}
GOLD Am I getting Lucky???
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241220_17.34.png Size: 42 KB
  • #362
  • Dec 20, 2024 10:21pm Dec 20, 2024 10:21pm
Quoting stevepatt
{quote} GOLD Am I getting Lucky??? {image}
You may say that's a statistically calculated luck..... That's all about trading actually.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #363
  • Dec 20, 2024 11:16pm Dec 20, 2024 11:16pm
Quoting heispark
{quote} You may say that's a statistically calculated luck..... That's all about trading actually.
Hi Justin,

I got into the Trade too soon, it was late in the day to be Trading and I didn't want to miss out on a Trade.
For the Trade I took to be safe the Stop needed to be above the Red Zone
How often do we see Price having to Push Higher before it can Drop Lower through a Level?
I have to work Harder on my Fear of Missing Out and getting into Trades too early
When I look at the Trades I Enter it is pretty seldom that Price just takes off in the direction of my Trade
More often than not Price will Hang around and maybe Push a little against my Direction and eventually either go where I want it too or Hit my Stop
It's all comes down to Entering Trades where Price has more chance of Hitting my Target than my Stop
Unfortunately this wasn't one of those Trades
Thank you for your contibutions
I will be away for about a week so I won't be Posting after this until I am back
I hope everyone has a Happy Christmas
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20241221_06.46.png Size: 67 KB
  • #364
  • Jan 1, 2025 7:55am Jan 1, 2025 7:55am
I have just uploaded a New Video of Trades I took yesterday on GOLD

Inserted Video
  • #365
  • Jan 2, 2025 1:56am Jan 2, 2025 1:56am
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250102_09.47.png Size: 43 KB
  • #366
  • Jan 2, 2025 6:45am Jan 2, 2025 6:45am
Quoting stevepatt
GOLD {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250102_14.37.png Size: 60 KB
  • #367
  • Jan 2, 2025 7:50am Jan 2, 2025 7:50am
Quoting stevepatt
{quote} GOLD {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250102_15.40.png Size: 55 KB
  • #368
  • Jan 2, 2025 9:40am Jan 2, 2025 9:40am
Quoting stevepatt
{quote} GOLD {image}
GOLD Long
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250102_17.37.png Size: 42 KB
  • #369
  • Jan 3, 2025 7:45am Jan 3, 2025 7:45am
GOLD Sell Limit @ 2647.20
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250103_15.39.png Size: 36 KB
  • #370
  • Jan 3, 2025 8:16am Jan 3, 2025 8:16am
Quoting stevepatt
GOLD Sell Limit @ 2647.20 {image}
GOLD
Price is moving from Zone to Zone and Mitigating as it goes.
Some Zones Fail to Mitigate
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250103_15.59.png Size: 60 KB
  • #371
  • Jan 3, 2025 8:53am Jan 3, 2025 8:53am
Quoting stevepatt
GOLD Sell Limit @ 2647.20 {image}
GOLD Sell Limit Activated Target Hit
I have wanted to Create a Mechanical Method to Trade this might be it?
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250103_16.44.png Size: 48 KB
  • #372
  • Jan 3, 2025 9:08am Jan 3, 2025 9:08am
Quoting stevepatt
{quote} GOLD Sell Limit Activated Target Hit I have wanted to Create a Mechanical Method to Trade this might be it? {image}
GOLD
Can it happen again?
Not Trading trhis just Watching
A lot of things can be learnt by just Watching....
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250103_17.06.png Size: 32 KB
  • #373
  • Jan 3, 2025 1:00pm Jan 3, 2025 1:00pm
Quoting stevepatt
{quote} GOLD Can it happen again? Not Trading trhis just Watching A lot of things can be learnt by just Watching.... {image}
Hi, Steve
It seems you are squeezing out your luck considering the time of the day and the day of the week......
I often see you trade till very late of the day, nearing market close. I think that's because you have a full time job and cannot watch your chart all day. The best trading opportunity of the day was already behind you. Doesn't this make you uncomfortable sometimes? Price moves very slowly by that time of the day. Sometime it hits your targets and sometime it hits your stop losses..... provability doesn't look very attractive...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #374
  • Jan 4, 2025 12:06am Jan 4, 2025 12:06am
Quoting heispark
{quote} Hi, Steve It seems you are squeezing out your luck considering the time of the day and the day of the week...... I often see you trade till very late of the day, nearing market close. I think that's because you have a full time job and cannot watch your chart all day. The best trading opportunity of the day was already behind you. Doesn't this make you uncomfortable sometimes? Price moves very slowly by that time of the day. Sometime it hits your targets and sometime it hits your stop losses..... provability doesn't look very attractive......
Hi Jason,
I have learnt with GOLD not to Trade after 16:00 UK Time because, like you say, Price Slows down after this Time.
The last Post, I made, was just for Observation I wanted to see if Price would React from the Highlighted Zone and it did.
HappyNew Year to you and everyone reading this
  • #375
  • Edited 2:25am Jan 4, 2025 12:17am | Edited 2:25am
Attached File(s)
File Type: ex5 LuxAlgo - Market Structure CHoCH-BOS Fractal.ex5   109 KB | 180 downloads

Good afternoon. This indicator shows the structure of the market, I hope it will be useful.
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Click to Enlarge Name: Screenshot_4.png Size: 38 KB

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Click to Enlarge Name: Screenshot_5.png Size: 26 KB
  • #376
  • Jan 4, 2025 5:28am Jan 4, 2025 5:28am
Quoting EK-Trader
{file} Good afternoon. This indicator shows the structure of the market, I hope it will be useful. {image} {image}
Hi EK-Trader,

Thank you for posting the Indicator but I much prefer to see a Break of Structure and Change in Charactor with my eyes.
I would miss so much if I started to rely on Indicators to see for me
But once again I thank you for your consideration
  • #377
  • Jan 4, 2025 7:39am Jan 4, 2025 7:39am
Quoting stevepatt
{quote} Hi EK-Trader, Thank you for posting the Indicator but I much prefer to see a Break of Structure and Change in Charactor with my eyes. I would miss so much if I started to rely on Indicators to see for me But once again I thank you for your consideration
I have Posted a New Video on my Youtube Channel that will, I hope, explain my New Approach and the reason I don't use an Indicator to SEE

Inserted Video
  • #378
  • Jan 5, 2025 10:38pm Jan 5, 2025 10:38pm
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250106_06.28.png Size: 54 KB
  • #379
  • Jan 5, 2025 11:20pm Jan 5, 2025 11:20pm
Quoting stevepatt
GOLD {image}
GOLD

I am Reluctant to go Short with Unmitigated Zones above
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold_20250106_07.16.png Size: 46 KB
  • #380
  • Jan 5, 2025 11:54pm Jan 5, 2025 11:54pm
The next low has not been broken yet, we are watching.
Attached Image (click to enlarge)
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