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Gold with thedaytrader

  • #81
  • Aug 20, 2025 2:23am Aug 20, 2025 2:23am
Quoting thedaytrader
Today I am trading 2 Short bounce points and 2 Long Bounce Points Short Side : 3323.70, 3326.07 Long Side : 3311.42, 3300.48 All have the default 1.5 point SL, with EA chasing it when in trade :-)
man do you just trade bounce points as i understand like the previous prices where price made a stop and either changed the diercation or continued the existing trend???
  • #82
  • Aug 20, 2025 2:24am Aug 20, 2025 2:24am
Quoting thedaytrader
{quote} This time I am in and out with a -1.5 points SL... : ) Two SLs till now today... {image}
One more Short Bounce point added at 3329.93... :-)
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  • #83
  • Aug 20, 2025 2:26am Aug 20, 2025 2:26am
Quoting notabdullah1
{quote} {image} here is something that you might want to see {quote} the thinner the zone the low probablitiy it is but higher the profitablity the bigger the zone the harder to get entry but good probablity and good profitablity
That looks obvious, I was curious how these are calculated...
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  • #84
  • Aug 20, 2025 2:28am Aug 20, 2025 2:28am
Quoting notabdullah1
{quote} man do you just trade bounce points as i understand like the previous prices where price made a stop and either changed the diercation or continued the existing trend???
Yes, 1hr and 4hr fractals... Always short from the top (low fractal) and long from the bottom (up fractal)...
Trade Like a Casino, Not a Gambler
  • #85
  • Aug 20, 2025 2:31am Aug 20, 2025 2:31am
Quoting thedaytrader
{quote} This time I am in and out with a -1.5 points SL... : ) Two SLs till now today... {image}
My fixed (max) SL (1.5 points) exited at the last tick, before reversing... very edgy today :-)
Trade Like a Casino, Not a Gambler
  • #86
  • Aug 20, 2025 2:32am Aug 20, 2025 2:32am
Quoting thedaytrader
{quote} My fixed (max) SL (1.5 points) exited at the last tick, before reversing... very edgy today :-)
why not do headging as with that you get some more edge .......
  • #87
  • Aug 20, 2025 2:38am Aug 20, 2025 2:38am
Quoting notabdullah1
{quote} why not do headging as with that you get some more edge .......
What do you mean by that ?
For example last trade was Short at 3326.07 and SL at 3327.57... what are you suggesting ?
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  • #88
  • Aug 20, 2025 2:50am Aug 20, 2025 2:50am
Quoting Bloodwish
https://youtu.be/fr82P6SD_a8
(Just to let you know that there was no audio there... not that I needed it)

So what are your trades ? Or post the trades (and results) when you take them...
Trade Like a Casino, Not a Gambler
  • #89
  • Aug 20, 2025 2:55am Aug 20, 2025 2:55am
Quoting thedaytrader
{quote} (Just to let you know that there was no audio there... not that I needed it) So what are your trades ? Or post the trades (and results) when you take them...
thanks for informing me selling from here

Quoting Bloodwish
{quote} thanks for informing me selling from here
mentioned in the audio
  • #90
  • Aug 20, 2025 3:07am Aug 20, 2025 3:07am
Quoting thedaytrader
{quote} What do you mean by that ? For example last trade was Short at 3326.07 and SL at 3327.57... what are you suggesting ?
I am also trying to get good at headging

what i mean by that is.......putting a buy and a sell at the same time if the trades goes against you and hit your sl of your main trade where you thought you have and edge .......in this case

your thought was it will go down from 3326 and sl at 3327.57 you lost for 1.5 points.......

but if you would have put a buy and sell at the same time and if it goes to your opposite side you have a buy covering for your sell loss.......so when your initail sl is about to hit you close the both buy and sell ...so you will only lose your spread and commisions..........

and on the other hand you can hold both of these for as long as possible till the price come at your cost and possibly start to show signs that it will go into your initial desired side .so you clsoe the buy seeing the sell momentum and you are in profit..........

but if your trade goes into profit at the start what do you do you close the buy position with some loss and keep the sell position running till the oter bounce point

if you don't get it you know where to go ..
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  • #91
  • Aug 20, 2025 3:14am Aug 20, 2025 3:14am
Quoting notabdullah1
{quote} I am also trying to get good at headging what i mean by that is.......putting a buy and a sell at the same time if the trades goes against you and hit your sl of your main trade where you thought you have and edge .......in this case your thought was it will go down from 3326 and sl at 3327.57 you lost for 1.5 points....... but if you would have put a buy and sell at the same time and if it goes to your opposite side you have a buy covering for your sell loss.......so when your initail sl is about to hit you close the both buy and sell ...so...
Thanks for your detailed explanation of it... I don't think it makes mathematical sense to do that, as it will only result in brokerage/spread loss (x2).. there is never a good reason to buy and sell at the same time (unless you are arbitraging across brokers/instruments)...
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  • #92
  • Aug 20, 2025 3:28am Aug 20, 2025 3:28am
Quoting thedaytrader
{quote} Thanks for your detailed explanation of it... I don't think it makes mathematical sense to do that, as it will only result in brokerage/spread loss (x2).. there is never a good reason to buy and sell at the same time (unless you are arbitraging across brokers/instruments)...
its true that it don't make sense but it works and hard to master
  • #93
  • Aug 20, 2025 3:34am Aug 20, 2025 3:34am
Inserted Video

correct version audio
sorry for the inconvenience
  • #94
  • Aug 20, 2025 3:40am Aug 20, 2025 3:40am
Quoting notabdullah1
{quote} its true that it don't make sense but it works and hard to master
Very difficult for me to do something which doesn't make sense

Say u open Buy and Sell together, there are 3 possibilities:
1. You will close both at some point (brokerage/spread loss)
2. You will close buy at some point (book buy loss, with sell profit/loss open)
3. You will close sell at some point (book sell loss, with buy profit/loss open)

In all the cases its better if you enter (ur desired position buy/sell) at that "some point"...
Trade Like a Casino, Not a Gambler
  • #95
  • Aug 20, 2025 3:45am Aug 20, 2025 3:45am
Quoting Bloodwish
https://youtu.be/vrQz3Gcrgtk correct version audio sorry for the inconvenience
Yes, it has audio now

So are you an analyst only or you trade as well ?
Trade Like a Casino, Not a Gambler
  • #96
  • Aug 20, 2025 3:54am Aug 20, 2025 3:54am
Quoting thedaytrader
{quote} Yes, it has audio now So are you an analyst only or you trade as well ?
Today I am in a trade
But not everyday
But I analyse daily
  • #97
  • Aug 20, 2025 3:56am Aug 20, 2025 3:56am
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  • #98
  • Aug 20, 2025 4:11am Aug 20, 2025 4:11am
Quoting thedaytrader
{quote} My fixed (max) SL (1.5 points) exited at the last tick, before reversing... very edgy today :-)
I am done for the day... Leaving three limit orders, one sell and 2 buy with the EA... will update the results tmrw... have a nice rest of the day
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  • #99
  • Aug 20, 2025 4:37am Aug 20, 2025 4:37am
Quoting PatienceFx
{image}
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  • #100
  • Aug 20, 2025 4:45am Aug 20, 2025 4:45am
Quoting PatienceFx
{quote} {image}
can you explain it shortly??
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