Gold

Waiting patiently for pullback.. to add more buy entry

look like short trending down today?

still buy ,
bullish uptrend target has not been achieved
Bulls are only slightly fooled by the bears' game because retail sentiment is still dominantly buying.... therefore the price is brought up and down until the bulls' target is reached.

62-50 still buy area..

I think I’ll go short based on the pattern PA (maybe spike to 3378) and wait for the EMA to turn concave today, or at the Start of Range 2
Short Limit at 3378.00
Risk 0.5% 120 pips at 3390.00
BE+ after 80 pips gain
Exit 15 minutes before USD Red News

Exactly,
exactly

Hello Guys a lesson to new traders even old traders who are loosing and keep coming back in hopes they will make it again,
no Offence just want share something i hope you guys will like it.

reply to my post and any comments are welcome just remember do not exaggerate your earnings that is another problem,
people forge the lost its too painful they focus on how much i made this week or this month.


here is the script i rote in my free time.
i hope you will find it useful.

i am holding from 3360
added another at 3380
target 3360 and
old one i will hold for 3330
untill the NFP as i said earlier,
NFP will be better, so 3300 is not a stretch.
and also april and pay Central banks buying GOLD specially polan and china Decreased by 14% on monthly basis.
that is a good sign.
yes gold is very high,
but simple logic is you need paper currency Electronic money to Trade, buy goods, for Companies etc.
you cannot send gold and expect to get 1,000 laptops or mobiles and other electronics from china and other countries,
currency the the fuel for investments,
so we need currency that is fact it doesnt matter if you need Pound USD euro, yen Dirham riyal.
point is we need money not gold to buy and sell things
that alone is enough for me to see the gold is high atleast for now.
3000 i will see its time to buy or not,
and i dont trade short term like i see many traders doing
5$ move or 10$ move to make money,
that is the reason most actually majortiy retail traders loose money.
because it is like a job and bloody stressful job of all.
you trade 10 hours a day that is work,
if you want ot make your money work for you trade medium term or long term,
that is what i do i trade and wait for my target sometimes it takes days to get it.
but i dont have to sit in front of laptop 10 hours trying to catch 5$ move.
i maybe wrong but time is Limited.
every has almost same 60-80 years maybe 100 but thats it.
the reality is in the end we all die.
and trading is an addiction to be honest
because you are trading tirelessly and end of the year what you have to show for.
just saying it took me long time to realize that,
the best way is use low leverage even if iam making 10% a month with the power of compounding that is 220% yearly return no other market ever can give me that much return.
last year i have 178% which in my opinion is great because i put in 2 hours a day for trading thats all.
and rest i take care of other things.
just telling you guys what i do.
my Mentor was guy name Muhammad screen name Dubaifx learned a lot from him.
GOD BLESS HIM.
he is the one who taught me long term vision will make you fortune,
dont be a liquidity provider to the market,
be a player and i followed his foot steps and i am glad i did.
i was trading hell 15 hours a day over trading, holding a lot of positions
and many many mistakes i have done in my past.
Specially thinking i can out smart the market.

but anyways guys you can follow my trades free of cost no signals nothing.
just watch and if you feel like it you can trade in your own account.
try demo for few months and see how it goes.
i am not advertising met me be very very clear just sharing one of my live account for new traders to follow and make money in the process until they learned to control their emotions.
again just a sincere gesture for traders who loose money,
and firs thing you need to remember is don't blame the market, don't stay in denial,
i will write a complete script explaining what i did for 10 years to get where i am know.

wish you guys all the best i came to FF after 6 years because i know on most brokers website they have written as a warning that 80% traders loose money,
honestly that law came in 2008 and i thought we are done now retail traders will get scared and market will be thin and fast money it was 3T dollar market and now it is 7.3T market biggest
much bigger then US stock market

anyways Wish you guys all the best and someday you will get tired, if not today year or 5 years later.
that is a fact.
my point you have to develop certain kind of Mindset.
work on that

@pip.sniper How to follow your trades? Any channel? Or anything like that. Anyway, liked what you said, sounds like a good advice. Cheers mate

long term is not any better than short term
short term is not any better than long term

each of them have their own plus minus

choose one that suit your style and condition

the most important thing is to be profitable.... consistently

that's all

Missed the entry by a few pips. Canceled the limit order. Will just wait until after the London Open, since it's only about 3 hours away and the price is still moving steadily (the spike hasn't closed as a pinbar yet) with the EMA trending upward.

Interesting, thanks for sharing, look forward to the sequel.

Couple of things, for clarity, "holding from 3360" isn't the best without context; always best to say holding long or holding short, IMHO, don't want the noobs to be confused, details matter.

Looks to me that this is basically this a mean reversion method of trading without know what the "mean" is, or the mean is discretionary according to what you see on the chart from day to day and maybe add in some market feelings.

Good Luck

nice place to short 77-78 ..running

Don't forget to share your stats, Bro! A simple FF Trade Explorer is very useful — at the very least, we can take a look at your stats over 3 to 4 months. Without that, everything is just a gray area. Nice to meet you and greeting Lol

checking pa , very strong bull on the run , weekly target now close over 3396 to target over 3437 while in smaller tf correction within this context may goes 3362/57 before targets test! take care

Ya and Ayayay the price is reacting well so far. I've canceled the Short anyway, as I have some work to do shortly also. See ya after the London Open.

2.00 pm,(My Time)

Typical slow time of the day.
One trade at B/Even whilst sleeping......Couple of sells running and watching for a higher level for another sell...3390.60 looks interesting but my Crystal Ball is murky.
Just my ramblings.
R

A Simple 4 Hour chart for a Simple Soul......Nothing complicated here except for the unpredictable markets.

Just poured a glass of Cabernet so I am hoping that this clears my vision.


Update.
Just took 80 pips profit on one trade.......Ice cream and cake money.

you will never go broke by taking a profit.

1 Hour chart

Gold is bullish