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The PlayBook

  • #61
  • Oct 14, 2025 7:02am Oct 14, 2025 7:02am
Quoting Fattyfish
Do you know any news make gold down 60 price in 1 minutes ?
What goes up must come down. It's just part of the natural Process of Price.
Price can't keep going up without some sort of Correction sooner or later
  • #62
  • Oct 14, 2025 8:38am Oct 14, 2025 8:38am
Quoting stevepatt
{quote} GOLD {image}
GOLD
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  • #63
  • Oct 15, 2025 1:34am Oct 15, 2025 1:34am
Wednesday 15th Oct. 2025

GOLD
Attached Image (click to enlarge)
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  • #64
  • Oct 15, 2025 2:00am Oct 15, 2025 2:00am
Quoting stevepatt
Wednesday 15th Oct. 2025 GOLD {image}
"Waiting level" rise to yellow ?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
I might be wrong , I have been wrong before
  • #65
  • Oct 15, 2025 2:00am Oct 15, 2025 2:00am
Quoting stevepatt
Wednesday 15th Oct. 2025 GOLD {image}
GOLD
I'm not going to Chase Price it has to come to me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_07.52.png Size: 31 KB
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_08.04.png Size: 42 KB
  • #66
  • Oct 15, 2025 2:11am Oct 15, 2025 2:11am
Quoting Mandariin
{quote} "Waiting level" rise to yellow ? {image}
We missed the yellow line by 0.7 points.
Pullback long, target bit below double top = ATH.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
I might be wrong , I have been wrong before
  • #67
  • Oct 15, 2025 2:21am Oct 15, 2025 2:21am
Quoting Mandariin
{quote} We missed the yellow line by 0.7 points. Pullback long, target bit below double top = ATH. {image}
Nice one
  • #68
  • Oct 15, 2025 3:37am Oct 15, 2025 3:37am
GOLD
Price isn't giving me what I want to see
BUT that's al rright
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_09.26.png Size: 40 KB
  • #69
  • Edited 4:36am Oct 15, 2025 4:05am | Edited 4:36am
Quoting stevepatt
GOLD Price isn't giving me what I want to see BUT that's al rright {image}
GOLD

I have done Back Testing using this Method
This is a Random Day when it Worked (Fri. 11th July 2025)
If you are interested I suggest you run some of your own Back Tests to get a feel of how it works
EDIT: Added another Chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_09.57.png Size: 42 KB
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_10.26.png Size: 57 KB
  • #70
  • Oct 15, 2025 4:52am Oct 15, 2025 4:52am
Quoting stevepatt
{quote} GOLD I have done Back Testing using this Method This is a Random Day when it Worked (Fri. 11th July 2025) If you are interested I suggest you run some of your own Back Tests to get a feel of how it works EDIT: Added another Chart {image} {image}
GOLD Today
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_10.45.png Size: 48 KB
  • #71
  • Oct 15, 2025 6:02am Oct 15, 2025 6:02am
GOLD Long
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  • #72
  • Oct 15, 2025 6:34am Oct 15, 2025 6:34am
Quoting stevepatt
GOLD Long {image}
GOLD Long Trade Result +53 Pips +1R

Price Stopped going up get OUT
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_12.31.png Size: 29 KB
  • #73
  • Oct 15, 2025 7:12am Oct 15, 2025 7:12am
Quoting stevepatt
{quote} GOLD Long Trade Result +53 Pips +1R Price Stopped going up get OUT {image}
GOLD

Which Side is Price going to Break?
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_13.10.png Size: 37 KB
  • #74
  • Oct 15, 2025 7:26am Oct 15, 2025 7:26am
Quoting stevepatt
{quote} GOLD Which Side is Price going to Break? {image}
GOLD
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_13.25.png Size: 37 KB
  • #75
  • Oct 15, 2025 7:52am Oct 15, 2025 7:52am
I have been watching this guy on YouTube
Inserted Video
and I must admit a Negitive Risk : Reward does sound Tempting in the LONG TERM.
I am going to have to check out my Back Testing to see how a Negitive R:R would Play Out

Have a play with the Monte Carlo Simulation https://howtotrade.com/trading-tools...lo-simulation/

Small CONSISTANT Returns ADD UP

I aim for 1 Risk and 2 Reward at the moment and it is going well at the moment.
BUT, what happens when that R:R starts to struggle
Today was only Profitable because I used Discretion and Experience to EXIT Early
If I had been Aiming for 0.5R I would have been out in less than One Minute
Something to think about
  • #76
  • Oct 15, 2025 8:22am Oct 15, 2025 8:22am
Quoting stevepatt
{quote} GOLD {image}
GOLD Short
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_14.21.png Size: 26 KB
  • #77
  • Oct 15, 2025 8:27am Oct 15, 2025 8:27am
Quoting stevepatt
{quote} GOLD Short {image}
GOLD Short Trade +25 Pips +0.5R Less than 2 Minutes
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (£1 Contract)_20251015_14.24.png Size: 27 KB
  • #78
  • Oct 15, 2025 8:54am Oct 15, 2025 8:54am
Quoting stevepatt
{quote} GOLD Short Trade +25 Pips +0.5R Less than 2 Minutes {image}
GOLD Short Trade 2 +25 Pips +0.5R

I haven't got time to take the Trade and Manage it before the Fact
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  • #79
  • Oct 15, 2025 9:11am Oct 15, 2025 9:11am
GOLD
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  • #80
  • Edited Oct 17, 2025 1:15am Oct 16, 2025 2:41am | Edited Oct 17, 2025 1:15am
Thirsday 16th Oct. 2025
GOLD Short
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