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Gold with thedaytrader

  • #481
  • Sep 3, 2025 8:06pm Sep 3, 2025 8:06pm
Quoting dartboardio
long entry 3537, target 3550, 3568
That was a good trade, what was your stop loss for this one and was there any logic in 3568 target or was that a money management call ?
Trade Like a Casino, Not a Gambler
  • #482
  • Sep 3, 2025 8:12pm Sep 3, 2025 8:12pm
Quoting newmilly
*Confessions of a gambler* Well Gold just killed my account, first account bombed after a long time. (about 3yrs now) had a great week up until last night's spike, I was in the trade from 3381 set my TP at 3420 then placed Shorts at 3425 and 3430 both triggered and no SL because I honestly didn't think we would be at 3470 with no pullback. honestly didn't even think my shorts would trigger! Anyway, it's not a biggy I take most of the cash end of every month and only leave a small amount to trade with, keeps me grounded. Just upset because...
Don't worry too much, everybody has been there... its important that you learn and make changes (hard-wired in brain) for future.

There is no reason not to have a SL EVER... whether you place it on the trade, or have in mind is not the issue... it can be exact point, closed beyond on a particular candle on a particular chart... some dollar value, some percentage value... whatever it is... its more important than having a TP.

Thats why I keep asking people when they post the trade as to what there Stop Loss level is, if there in no SL then there is no trade.
Trade Like a Casino, Not a Gambler
  • #483
  • Sep 3, 2025 8:20pm Sep 3, 2025 8:20pm
Quoting comotrade
After breaking above the 3400 level, Gold has shown a steady bullish momentum. It is likely to continue rising and may reach around 3800 by the end of this month
We would like if you can post the trade you take on your analysis, when you place the trade...
Trade Like a Casino, Not a Gambler
  • #484
  • Sep 3, 2025 8:23pm Sep 3, 2025 8:23pm
Quoting axecap
{quote} entry 3536.20 indis are macd , double stoch and nova. no set stop at this point will set one at BE when I can or close at 3525.18 ish depending on pa.
That turned out to be good... but timing wise it could have been a bit better if you had waited for some more time, right ?
Trade Like a Casino, Not a Gambler
  • #485
  • Sep 3, 2025 8:31pm Sep 3, 2025 8:31pm
Quoting dartboardio
{quote} haven’t a clue. I’m just going with what I see and read in the news. Lots of high impact news coming over this week and next few weeks. Tbh I base most of my trades around the news sooo. But as we know it does what it wants. But I wouldn’t wish for a huge dip or anything unless something significant happens. Just keep bouncing from previous sessions lows and continuing upward for now imo
Thats interesting (trading mainly on news), would like to know/see how you do it... For example today we have one coming on USD (unemployment)... one thing is analysis of what effect it would have on price... the other thing is when to place the trade and with what SL... we would like to see both when you do the trade (before/after the news)
Trade Like a Casino, Not a Gambler
  • #486
  • Sep 3, 2025 8:46pm Sep 3, 2025 8:46pm
Quoting thedaytrader
Today I am trading 3 buy bounce points to start the day with. No Sell bounce point :-) Long Bounce Points : 3547, 3541, 3509 I will place the trade manually once they hit the level, after making a "judgement" on bounce. Rest of the trade is managed on auto mode by my trusted EA, which starts with a default 1.5 points SL and chases it to break even then follows/trails with fractals until tp is reached or trailed out. Attaching the above on 1hr chart... {image}
I am in my first trade at 3547.55... with 1.5 SL :-)
Trade Like a Casino, Not a Gambler
  • #487
  • Sep 3, 2025 8:47pm Sep 3, 2025 8:47pm
Quoting thedaytrader
{quote} I am in my first trade at 3547.55... with 1.5 SL :-)
Reducing SL to 1 point....
Trade Like a Casino, Not a Gambler
  • #488
  • Sep 3, 2025 8:48pm Sep 3, 2025 8:48pm
Quoting thedaytrader
{quote} Reducing SL to 1 point....
Out with -1.0 point SL hit... waiting for the next :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-09-04 at 9.49.22 AM.png Size: 117 KB
Trade Like a Casino, Not a Gambler
  • #489
  • Sep 3, 2025 9:01pm Sep 3, 2025 9:01pm
Quoting thedaytrader
{quote} Out with -1.0 point SL hit... waiting for the next :-) {image}
In again at 3550.08... :-)
Trade Like a Casino, Not a Gambler
  • #490
  • Sep 3, 2025 9:04pm Sep 3, 2025 9:04pm
Quoting thedaytrader
{quote} In again at 3550.08... :-)
Out with -1.5 SL... :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-09-04 at 10.10.02 AM.png Size: 116 KB
Trade Like a Casino, Not a Gambler
  • #491
  • Sep 3, 2025 9:24pm Sep 3, 2025 9:24pm
Quoting thedaytrader
{quote} Out with -1.5 SL... :-) {image}
In again long at 3545.02...
Trade Like a Casino, Not a Gambler
  • #492
  • Sep 3, 2025 9:24pm Sep 3, 2025 9:24pm
Quoting thedaytrader
{quote} In again long at 3545.02...
SL reduced to -1.0...
Trade Like a Casino, Not a Gambler
  • #493
  • Sep 3, 2025 9:30pm Sep 3, 2025 9:30pm
Quoting thedaytrader
{quote} SL reduced to -1.0...
SL hit with -1.0 points... :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-09-04 at 10.32.24 AM.png Size: 124 KB
Trade Like a Casino, Not a Gambler
  • #494
  • Sep 3, 2025 9:42pm Sep 3, 2025 9:42pm
Quoting thedaytrader
{quote} SL hit with -1.0 points... :-) {image}
In again at 3541.03....
Trade Like a Casino, Not a Gambler
  • #495
  • Sep 3, 2025 9:44pm Sep 3, 2025 9:44pm
Quoting thedaytrader
{quote} In again at 3541.03....
Out again with -1.5 point SL... :-)
Trade Like a Casino, Not a Gambler
  • #496
  • Sep 3, 2025 9:53pm Sep 3, 2025 9:53pm
Quoting thedaytrader
{quote} Out again with -1.5 point SL... :-)
Phewww... too much selling pressure... lets see what happens on the third and final bounce point at 3509...
Trade Like a Casino, Not a Gambler
  • #497
  • Sep 3, 2025 10:09pm Sep 3, 2025 10:09pm
Quoting dartboardio
{quote} haven’t a clue. I’m just going with what I see and read in the news. Lots of high impact news coming over this week and next few weeks. Tbh I base most of my trades around the news sooo. But as we know it does what it wants. But I wouldn’t wish for a huge dip or anything unless something significant happens. Just keep bouncing from previous sessions lows and continuing upward for now imo
Same as you I also like to trade around high impact news
Before news I close all positions and once the news is released I will observe how price reacts to the data to decide whether to buy or sell
  • #498
  • Sep 3, 2025 10:16pm Sep 3, 2025 10:16pm
Near support test
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  • #499
  • Sep 3, 2025 10:39pm Sep 3, 2025 10:39pm
Quoting thedaytrader
{quote} Phewww... too much selling pressure... lets see what happens on the third and final bounce point at 3509...
A new short dynamic bounce level at 3532... might trade it : )
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  • #500
  • Sep 3, 2025 10:52pm Sep 3, 2025 10:52pm
Quoting thedaytrader
{quote} A new short dynamic bounce level at 3532... might trade it : )
In at short at 3528.33...
Trade Like a Casino, Not a Gambler
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