Gold | Page 4414 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #88,261
  • Aug 12, 2025 8:40pm Aug 12, 2025 8:40pm
Quoting AonRaza
{quote} You are doing good. Happy for you I use to saw your bounce points.. they somehow overlap with my potential buy/sell points.
Thats good :-)

The bounce points I trade are mostly 1hr and 4hr fractals, for buy bounce its the up fractal and sell are down fractals. My trading methodology tries to keeps all subjective-bias/analysis out of trading and is purely built on probability, mathematics, psychology, patience, discipline....
Trade Like a Casino, Not a Gambler
  • #88,262
  • Aug 12, 2025 8:51pm Aug 12, 2025 8:51pm
Entered new short at 50 sl 65 tp 30 near
SURFER
  • #88,263
  • Aug 12, 2025 9:01pm Aug 12, 2025 9:01pm
Quoting Elliottway
Entered new short at 50 sl 65 tp 30 near
solid range trade
Easy Does it.
  • #88,264
  • Aug 12, 2025 9:19pm Aug 12, 2025 9:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDrH4.png Size: 28 KB

UTC+8
If the long range breaks out of the 3354.46 range, the upside resistance will be near 3380.
If it breaks below that, the price will fall to support near 3332.20.

Short position will be opened if the price breaks below the 180 EMA. Take profits near 3332.20.

Thank you for your continued support today from Okinawa, Japan.
  • #88,265
  • Aug 12, 2025 9:40pm Aug 12, 2025 9:40pm
.. this month little slow start already 13 days pass and capital not generate 100% ...., back at ny session again
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-08-13 080711.jpg Size: 77 KB
  • #88,266
  • Aug 12, 2025 9:51pm Aug 12, 2025 9:51pm
gold - 15min ... today view ...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-08-13 080711.jpg Size: 87 KB
  • #88,267
  • Aug 12, 2025 10:07pm Aug 12, 2025 10:07pm
Quoting thedaytrader
{quote} Thats good :-) The bounce points I trade are mostly 1hr and 4hr fractals, for buy bounce its the up fractal and sell are down fractals. My trading methodology tries to keeps all subjective-bias/analysis out of trading and is purely built on probability, mathematics, psychology, patience, discipline....
What I like from your strategy is the "robotic" nature of it hence it removes subjectivity, bias, and emotion from the equation.

Would you please explain your system in detail?

What I understand so far (please correct me if I'm wrong):
- You determine bounce points on daily basis
- The bounce points are based on 1h and 4h fractal (what is fractal btw as I am not familiar with this term in the context of trading?)
- Once bounce points are determined you open buy limit or sell limit orders
- Your initial SL is 1.5 points (I assume 1 point = 10 pips) and SL will be moved systematically to 1.0 points, 0.5 points, break even, etc. What is your criteria for moving the SL?
- TP is not pre-determined. What is your criteria for closing a position that is in profit?
- Trade management is done using EA so once you submit the orders you can do whatever you like and by end of day collect the result.

Thanks in advance
  • #88,268
  • Aug 12, 2025 10:13pm Aug 12, 2025 10:13pm
stupid yesterday, price gonna keep sideway, it tells me nothing so i do nothing
Will is the most powerful weapon in the world.
  • #88,269
  • Aug 12, 2025 10:33pm Aug 12, 2025 10:33pm
DXY is still lingering on the significant support.

Careful boyss
  • #88,270
  • Aug 12, 2025 10:35pm Aug 12, 2025 10:35pm
Quoting przfx
{quote} What I like from your strategy is the "robotic" nature of it hence it removes subjectivity, bias, and emotion from the equation. Would you please explain your system in detail? What I understand so far (please correct me if I'm wrong): - You determine bounce points on daily basis - The bounce points are based on 1h and 4h fractal (what is fractal btw as I am not familiar with this term in the context of trading?) - Once bounce points are determined you open buy limit or sell limit orders - Your initial SL is 1.5 points (I assume 1 point...
Here are the answers to your specific questions:

- You determine bounce points on daily basis
Yes, I do it once in the morning and keep track of it during the day, sometimes add during the day too...

- The bounce points are based on 1h and 4h fractal (what is fractal btw as I am not familiar with this term in the context of trading?)
Fractals are Bill Williams fractals. Set of five candles which have 2 lower highs on both the sides. Its a standard thing on all charting platforms, you can add it.

- Once bounce points are determined you open buy limit or sell limit orders
Yes

- Your initial SL is 1.5 points (I assume 1 point = 10 pips) and SL will be moved systematically to 1.0 points, 0.5 points, break even, etc. What is your criteria for moving the SL?
Yes. 1 point move in my direction will move the SL in favour with 0.5 points. (so {0,-1.5}, {1,-1}, {2,-0.5}, {3,0})

- TP is not pre-determined. What is your criteria for closing a position that is in profit?
TP is mostly pre-determined, right now it is 8 points. There is a trailing SL also once the SL is moved to Break Even.

- Trade management is done using EA so once you submit the orders you can do whatever you like and by end of day collect the result.
Yes, I try not to fiddle around :-)
Trade Like a Casino, Not a Gambler
  • #88,271
  • Aug 12, 2025 10:39pm Aug 12, 2025 10:39pm
Quoting Elliottway
Entered new short at 50 sl 65 tp 30 near
Closed all the shorts. Entered long SL 3330 below | support may take near 3340.
SURFER
  • #88,272
  • Aug 12, 2025 10:47pm Aug 12, 2025 10:47pm
IMHO Asian Session
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
https://www.mql5.com/en/market/product/146426
  • #88,273
  • Aug 12, 2025 11:00pm Aug 12, 2025 11:00pm
Quoting thedaytrader
{quote} Here are the answers to your specific questions: - You determine bounce points on daily basis Yes, I do it once in the morning and keep track of it during the day, sometimes add during the day too... - The bounce points are based on 1h and 4h fractal (what is fractal btw as I am not familiar with this term in the context of trading?) Fractals are Bill Williams fractals. Set of five candles which have 2 lower highs on both the sides. Its a standard thing on all charting platforms, you can add it. - Once bounce points are determined you open...
Thanks for your explanation!
I will learn about Bill William fractals in my free time.
  • #88,274
  • Aug 12, 2025 11:07pm Aug 12, 2025 11:07pm
Quoting przfx
{quote} Thanks for your explanation! I will learn about Bill William fractals in my free time.
Sure.. these are just turning points... where market turned recently on 1hr and 4hr charts... If u check my bounce points (round of the decimal) for tday, it will be obvious... :-)
Trade Like a Casino, Not a Gambler
  • #88,275
  • Aug 12, 2025 11:09pm Aug 12, 2025 11:09pm
200 EMA just staring price down to the upside
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-08-12 210744.png Size: 26 KB
Easy Does it.
  • #88,276
  • Aug 12, 2025 11:12pm Aug 12, 2025 11:12pm
Quoting Okinawa
{image} UTC+8 If the long range breaks out of the 3354.46 range, the upside resistance will be near 3380. If it breaks below that, the price will fall to support near 3332.20. Short position will be opened if the price breaks below the 180 EMA. Take profits near 3332.20. Thank you for your continued support today from Okinawa, Japan.
Thankyou Okinawa ,
imo today also we will see a red candle
  • #88,277
  • Aug 12, 2025 11:23pm Aug 12, 2025 11:23pm
If it breaks above 3354 and holds steady for 15 minutes, follow the trend. If it breaks below 3342, go short.
All praise to GOD
  • #88,278
  • Aug 12, 2025 11:37pm Aug 12, 2025 11:37pm
5 minute chart with BB RSI and MacD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250813-100646.png Size: 60 KB
  • #88,279
  • Aug 12, 2025 11:41pm Aug 12, 2025 11:41pm
Pending order executed. Lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250813_104029.jpg Size: 494 KB
BUY HIGH SELL LOW
  • #88,280
  • Aug 12, 2025 11:43pm Aug 12, 2025 11:43pm
Quoting Elliottway
{quote} Closed all the shorts. Entered long SL 3330 below | support may take near 3340.
What was your confirmation/indicator for this trade?
BUY HIGH SELL LOW
73 traders viewing now, 1 is registered:
solomonc