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Break Through Trading

  • #521
  • Apr 15, 2025 1:17am Apr 15, 2025 1:17am
Quoting stevepatt
{quote} GOLD Pending Long Trade Triggered @ 3202.50 {image}
GOLD Pending Long Trade @ 3215.00
Attached Image (click to enlarge)
Click to Enlarge Name: 15th April 25 Gold .png Size: 53 KB
  • #522
  • Apr 15, 2025 6:46am Apr 15, 2025 6:46am
Quoting stevepatt
{quote} GOLD Pending Long Trade @ 3215.00 {image}
GOLD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250415_12.33.png Size: 55 KB
Click to Enlarge Name: Spot Gold Mini (10oz)_20250415_12.41.png Size: 55 KB
  • #523
  • Apr 15, 2025 9:01am Apr 15, 2025 9:01am
Quoting stevepatt
{quote} GOLD {image} {image}
GOLD Long Trade Triggered @ 3212.50
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250415_14.56.png Size: 42 KB
Click to Enlarge Name: Spot Gold Mini (10oz)_20250415_14.58.png Size: 61 KB
  • #524
  • Apr 15, 2025 9:29am Apr 15, 2025 9:29am
Quoting stevepatt
{quote} GOLD Long Trade Triggered @ 3212.50 {image} {image}
GREAT ENTRY!!! Hopefully I can learn from you. I have been taking longs at 3220.85 - 3217.06 and got stopped out twice during London Session
  • #525
  • Apr 15, 2025 10:56am Apr 15, 2025 10:56am
Quoting KBL47
{quote} GREAT ENTRY!!! Hopefully I can learn from you. I have been taking longs at 3220.85 - 3217.06 and got stopped out twice during London Session
Hi KBL,
How much experience do you have with Trading?
Was your Stop set at 3217.06 or was that your second Long Entry?
What Style of Trading suits your Personality?
  • #526
  • Apr 15, 2025 12:05pm Apr 15, 2025 12:05pm
Quoting stevepatt
{quote} GOLD Long Trade Triggered @ 3212.50 {image} {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250415_17.49.png Size: 44 KB
  • #527
  • Apr 15, 2025 12:53pm Apr 15, 2025 12:53pm
Quoting stevepatt
{quote} GOLD {image}
As a retail trader with small capital you practically have no impact on the game, meaning that you're not gonna move the price or anything because of how insignificant you are compared to big trillion dollar markets. This means you're just an observer, if that is true then you're only gonna try and "predict" price movement because
that is the only option you're left with. Now speaking of prediction, it's always gonna be easier to predict the next minute than the next hour, day, week or month.
Why is short term prediction is easier and most likely more accurate than long term prediction is because of the amount of variables we're dealing with. I can tell that I'm probably gonna be eating dinner in the next hour but I don't even know what I'm gonna doing or where I'm gonna be in the next year. This applies to anything in this world.

With this logic, short-term prediction aka "scalping" should be the way to go for retails right?
What do you think?
  • #528
  • Apr 15, 2025 2:39pm Apr 15, 2025 2:39pm
Quoting aliagaragar
{quote} As a retail trader with small capital you practically have no impact on the game, meaning that you're not gonna move the price or anything because of how insignificant you are compared to big trillion dollar markets. This means you're just an observer, if that is true then you're only gonna try and "predict" price movement because that is the only option you're left with. Now speaking of prediction, it's always gonna be easier to predict the next minute than the next hour, day, week or month. Why is short term prediction is easier and most...
Yes, I completely agree with you.
The less time spent in the Market the better.
I try to Trade the Short Term Swings that occur Daily
  • #529
  • Apr 15, 2025 3:32pm Apr 15, 2025 3:32pm
Quoting stevepatt
{quote} Yes, I completely agree with you. The less time spent in the Market the better. I try to Trade the Short Term Swings that occur Daily
I also have come to the conclusion that there are some core principles about humans and the "markets".
Whatever a human does is profit based ( it adds something to them or at least they think it's adding something to them. ). Now that profit in markets is "money" so the
common goal for every market participant weather big or small is to make "money". This would be mathematically impossible because for someone to win someone has
to lose.
Now that all market participants want to make money they have put in orders ( sell or buy ) and because of these orders market moves.
Market can't stay flat otherwise it's a dead market so it moves up and down. What causes these upward and downward moves is order imbalances. In short, market moves when selling pressure or buying pressure is stronger than the other.
Selling and Buying imbalance simply means someone goes into profit and someone goes into drawdown.
-----
To define greed: Having something and wanting more of it.
Market participants have some money and they put it in the market and they want "more" of it. That is greed behind every order that goes through. What "keeps"
market moving up or down is a combination of current participants holding and new participants joining in on that side.

In a world of computers or AI where human emotions don't exist
and market is profit based ( which it is) the market would be flat.
moving maybe even 1 cent up or down and then immediately going back to the
flat line because it would be so competitive but we're living in human world now and humans make mistakes and one's mistake is another's profit.

Now when we talk about trying to "predict" markets we're talking about predicting the behavior of the participants of that market and we know that the participants of a market are humans ( or computers made by humans ). The reason why "predicting" the markets with 100% accuracy is impossible is because of the nature of the participants which is the nature of humans. Humans have what's called "free will" meaning that they can do whatever they want.
Our best bet for trying to "predict" human behavior is by looking at its "past" behavior. So in markets it's past events and what's happening currently.
As retails we don't wanna be right on our predictions 100% of the time, we can't be. We wanna be right just over 50% of the time so we can be profitable long term.

These are some of the concepts I have thought of which are purely based on logic and what else can we rely on beside our logic to take trades right?
  • #530
  • Apr 16, 2025 1:33am Apr 16, 2025 1:33am
Quoting aliagaragar
{quote} I also have come to the conclusion that there are some core principles about humans and the "markets". Whatever a human does is profit based ( it adds something to them or at least they think it's adding something to them. ). Now that profit in markets is "money" so the common goal for every market participant weather big or small is to make "money". This would be mathematically impossible because for someone to win someone has to lose. Now that all market participants want to make money they have put in orders ( sell or buy ) and because...
As Retail Traders, having the Patients to wait for Price to come to our Level of Interest is Critical. The Level we choose to get Involved needs to have a Proven Track Record of Delivering Positive Results. I believe Retail Trading comes down to Probabilities, as Traders we need to find a Method of Trading that has a Higher Probability of Success than Failure, Obvious I know but that is what Retail Trading Boils down to. As you say, as long as the process we employ, to Predict Market Movement, delivers at least a 50% Win Rate with a 1:2 Risk:Reward Rate we will be a Profitable Trader.
Our Trading journey is very Individual but I believe we all need to arrive at a Place were we look Internally for Answers to our Trading Riddle rather than relying on External Entities. Once we get to that Place our Trading will Improve Exponentially
  • #531
  • Apr 16, 2025 5:39am Apr 16, 2025 5:39am
Quoting stevepatt
{quote} Hi KBL, How much experience do you have with Trading? Was your Stop set at 3217.06 or was that your second Long Entry? What Style of Trading suits your Personality?
Hi Steve,

I have been trading since 2018 but not making profits consistently, refining and changing strategies. I have now established a strategy that kind of works for now. I deal with Support and Demand. Those are the zones I look for most in trading. Weekly, Daily Highs and Lows and observe if price comes back to those levels and gives me a signal. So kind of a pull back trader. I try watch for levels of liquidity but I struggle finding them sometimes. I use the 4HR and 1HR for weekly direction. 1HR for daily direction and 15-5min for entry.

My stoploss yesterday was 3216.92.

I want to trade once, twice or three times in a week. I want to get to a level that I can see weekly break of structure, wait for price to come back and retest previous weekly high and continue up so I want to enter on the retest. For now im trading everyday and I think that is messing with my mentality
  • #532
  • Apr 17, 2025 1:28am Apr 17, 2025 1:28am
GOLD Pending Long Trade @ 3327.50

This Trade has been Triggered
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250417_07.22.png Size: 35 KB
  • #533
  • Apr 18, 2025 4:48am Apr 18, 2025 4:48am
Quoting stevepatt
GOLD Pending Long Trade @ 3327.50 This Trade has been Triggered {image}
I have uploaded a new video to my YouTube channel that Explains yesterday's Long Trade

Inserted Video
  • #534
  • Apr 18, 2025 9:32am Apr 18, 2025 9:32am
Quoting stevepatt
{quote} As Retail Traders, having the Patients to wait for Price to come to our Level of Interest is Critical. The Level we choose to get Involved needs to have a Proven Track Record of Delivering Positive Results. I believe Retail Trading comes down to Probabilities, as Traders we need to find a Method of Trading that has a Higher Probability of Success than Failure, Obvious I know but that is what Retail Trading Boils down to. As you say, as long as the process we employ, to Predict Market Movement, delivers at least a 50% Win Rate with a 1:2...
The way I look at trading I see it as:
1. Trading Strategy.
2. Risk Management.
3. Trading Psychology.

Without a "profitable" strategy that doesn't have a proven edge you're playing a losing game from the start, that means you're bound to lose in the long run.
With a good strategy you have to have a proper risk management to let your edge play out in your favor in the long run otherwise it's pure gambling and luck.
With a good strategy and proper risk management you need to get your trading psychology right.

You get wrong any of these three most likely you're going to lose in the long run.

Third one in my opinion becomes the most important one once you get the first two right. because humans aren't built to trade naturally it's actually againts human nature. One simple example is that humans want to avoid losses at all cost, any type of loss. In nature if you lose you die but in trading for you to win and come out on top long-term you have to regularly take losses. That's when you need to shut down your "survival brain" and let your logical brain be in control because what usually happens is the opposite, that's one way the brain "protects" itself by shutting down the logical part of brain. ( you don't have time to think what to do when you're being chased by a wild animal). In trading if you're thinking and worrying about the "money" on the line too much, that's when survival brain comes in and shuts down the logical one and you find yourself closing the position after one candle going againts you ( That's survival brain's protective mechanism ) or you close your winners too early "fearing" that price might reverse back on you.
  • #535
  • Apr 18, 2025 11:02am Apr 18, 2025 11:02am
It's essential to know the Statistics of the Method you are Trading.
How many Trades you can expect to Lose in a Row is Essential Knowledge for knowing % of Account to Risk for any Trade.
We need to learn to accept our Loses as the Cost of doing Business
There is a very good book by Tom Hougaard Best Loser Wins which is a very read

https://tradingresourcehub.substack....-losing-streak

https://tradingresourcehub.substack....dRedirect=true
  • #536
  • Apr 19, 2025 10:39am Apr 19, 2025 10:39am
Quoting stevepatt
It's essential to know the Statistics of the Method you are Trading. How many Trades you can expect to Lose in a Row is Essential Knowledge for knowing % of Account to Risk for any Trade. We need to learn to accept our Loses as the Cost of doing Business There is a very good book by Tom Hougaard Best Loser Wins which is a very read https://tradingresourcehub.substack....-losing-streak https://tradingresourcehub.substack....dRedirect=true...
How much do you focus on your Trading Psychology?

https://www.notjustatrade.com/psychology
  • #537
  • Apr 21, 2025 3:26am Apr 21, 2025 3:26am
GOLD Pending Long Trade @ 3372.50

I want to make sure to Buy from a Level were the Probability of Hitting my Target is Greater than my Stop Statistically
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold Mini (10oz)_20250421_09.11.png Size: 39 KB
  • #538
  • Apr 22, 2025 9:33am Apr 22, 2025 9:33am
EUR/USD M15 1 Min Long Trade

Been trying my hand at a New Pair, I haven't Traded EUR/USD for some time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR_USD Mini_20250422_15.23.png Size: 40 KB
Click to Enlarge Name: EUR_USD Mini_20250422_15.28.png Size: 36 KB
  • #539
  • Apr 22, 2025 9:59am Apr 22, 2025 9:59am
Quoting stevepatt
EUR/USD M15 1 Min Long Trade Been trying my hand at a New Pair, I haven't Traded EUR/USD for some time. {image} {image}
EUR/USD Stop @ BE+
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD Mini_20250422_15.55.png Size: 27 KB
  • #540
  • Apr 22, 2025 1:06pm Apr 22, 2025 1:06pm
Quoting stevepatt
{quote} EUR/USD Stop @ BE+ {image}
EUR/USD Long Trade Result BE+
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD Mini_20250422_18.59.png Size: 32 KB
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