Gold (Fourrex edition)

maybe it will drop after this h1 candle, or the next candle.

it should I guess

Attached Image (click to enlarge)

3384 3417, about 330pips move. not bad collection today. Hope everyone is making profits too.

I don't know about you, but I feel it weird despite all the profits you made, there still deposit made.
I might not make as much as you daily, but I never made deposit for the last 3 yrs

it is not my deposit, it is rebate for daily trades deposited by broker since my introducer give me 50% of the commissions he got from my close trades.

Since I don't have enough posts and can't comment in the main gold thread, I'll spill my beans here.

It's been a beatiful trading day, and profitable month in general. I'm curious to see where gold is going on this Friday, at the last day of the month, but I'm out. And quite, franky, very relieved! I still had a trade open from 23rd of July. I bought right at the top, thinking we were going to make a record high, instead it plummeted.

I decided I needed a punishment so I was going to do a disciplinary exercise and hold this until it would be in the range again and close it somewhere acceptable, at all cost. It almost came up in range 3 weeks ago, but not far enough, so I held longer. And today was the day...to close this trade at small profit. My long trades today more than covered for the swap fees, so I'm feeling good.

You may think this was stupid, and it probably was, but we're all trying to become better traders. For me, I want gain discipline to be able to be a better trader in the long run. I thought, gold always comes back up. Last time it took 6 weeks, roughly the same for this time. Today was a personal success, but damn, this disciplinary exercise was a one time thing and it was not easy to forget about my long trades in the long-term, while shorting trades in the short-term.

Untimately a very learnful experience and, but I sure as hell am not going to buy at the top anymore, it's not worth it .

Excited for opportunities next week.

good for you.

you can learn lot easier things here, though we dont use beautiful or colorfull chart, we can still be profitable, we are not in art class

i still have 1 buy at 3446.22 on 16th june, which i dont care to close, because i am an investor, not a trader

another good day for gold investor. 3404 to 3449, about 450pips move. Hope everyone getting food profit today.. closed all trades, off ea, to continue next week.

low 3437 high for now 3476, almost 400pips up move
be careful with your sells. heard some people want to sell till nfp

current quick move to higher price of silver and gold making me worry about the global economy, which higher price of gold may indicate bad economy situation is coming. trade safely guys

bro Fourrex, are you selling or buying now?

do not fight with h1 open price, you will be safer

On my chart, h1 candle upon daily open is bearish ...do you have the same view?
Does it mean you are selling?

h1 only indicate price direction of current hour. to me, when price move down of the h1 open price, it is bearish, when price move above current h1 open, then it is bullish, for current h1 cs.

as a gold investor, i only enter buy, rarely sell.

ok ...I guess I misunderstand what you mean by "h1 open price" ...based on your explanation (if I understand it correctly) if current h1 candle is bearish then it is sell and if current h1 candle is bullish then it is buy ...On top of that, you only take buy so you will ignore any potential sell opportunity

Please correct me if I'm wrong

yes thats correct. I may sell if price breached higher bollinger band of h1

d1 is bullish. Current open trades.

Continue buying, and start selliing since price break above h1 bolliinger bands