i will try last one sell @ 5177.
Cheers
Cheers
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Disliked{quote} Please let the sl be at 5178 because of the green shaded area is close to the voilet area {image} Please let the sl be at 5178 because of the green shaded area is close to the voilet areaIgnored
Disliked{quote} Yes i think so, I got Stopped out big @ 5177. It seems the bear is over. i lost big today. Initially i am pretty sure we can continue the bear based on the pattern. However its wrong.Ignored
Disliked{quote} Several times market has proven that it's not really about big sl,but rather entry, when volatility is high like these days you have to factor it in your sl by making sl a bit flexible and not too tight like 50 pips, naaa that was two years ago not currently but a 200-250 sl is okay for now if your entry is on point, but sl above 300 pips is too much and it will hurt you long term if you check risk to reward because it will way your reward to the downside, but hey you can do what feels best for you.Ignored
Disliked{quote} Market has to close above the green area for bulls to take over again, but market has started showing signs of bullishness and any sell now looks very risky unless market fails to close above 5178 in few hours timeIgnored
Disliked{quote} Several times market has proven that it's not really about big sl,but rather entry, when volatility is high like these days you have to factor it in your sl by making sl a bit flexible and not too tight like 50 pips, naaa that was two years ago not currently but a 200-250 sl is okay for now if your entry is on point, but sl above 300 pips is too much and it will hurt you long term if you check risk to reward because it will way your reward to the downside, but hey you can do what feels best for you.Ignored
Disliked{quote} Dude, my SL is around 2000-3000 pips, and I have been fine most of the time. Gaining 10%-30%/month of capital is not bad. But recently, I increased my SL to 5000 - 15000 pips when news (high impact) with 1:1 leverageIgnored
Disliked{quote} Whoa, may i know what kind of capital needed to afford this kind of SL? genuinely interestedIgnored
Disliked{quote} Dude, my SL is around 2000-3000 pips, and I have been fine most of the time. Gaining 10%-30%/month of capital is not bad. But recently, I increased my SL to 5000 - 15000 pips when news (high impact) with 1:1 leverageIgnored
Disliked{quote} Actually from the information gathered from the studies i did on the chart, gold was still bullish , it just decided to come and fill a 5000, what others will call imbalance but with entirely different understanding, and these untapped zones I'm going to pay more attention to because when market clears liquidity as it unexpectedly did from 5598 to 4404 , it finds support at this areas andthis is what I wish I knew earlier.Ignored
Disliked{quote} In my case, I started with 20k, opened 0.01 to 0.1 lot per position with max opened total of 1 lot. But I know someone with much less capital and higher lot, but they use tighter SL, and to date, my gain percentage already beat them. Because you know, small loses undermine big win. Imagine losing $200 5 times, and then get a big win of 1,500, effectively it put a gain of only 500. My method have weakness too, I lost big on the last few months, but it only happen like 2-3 times in 5 years, so it doesn't matter.Ignored
Disliked{quote} Whoa, may i know what kind of capital needed to afford this kind of SL? genuinely interestedIgnored
Disliked{quote} I have to even hide this to prevent people from seeing but like how are you even saying this, it means you don't trade with a strategy you just enter buy and allow it to run in losses till it comes back in entry , this is the worst advice to ever give someone in trading. You if you are in loss you wait for it to come to your direction without taking a trade and someone with smaller capital with adequate knowledge will make much much more money than you do . Do you know how difficult to get $500 in most part of the world especially Africa,...Ignored
Disliked{quote} Meaning you are willing to lose $10000 on one trade , if I'm correct like 1000 pips sl with 1 lotIgnored
Disliked{quote} Well, I thought this is a free thread and that is a strategy too... If you learn statistics, you would know that 70% of the time, gold is always going up. The 20-30% is that gold on sideways after decline. Why? Because if you learn economics, gold is a hedge instruments against inflation, so in layman terms, it will almost always rise. So yeah, I can definitely say that this is my strategy, I prefer to make 10%/month (in some rare cases less than 10%) from my capital than having many trade with SL hit and then winning huge just to realize...Ignored
Disliked{quote} I will allow it, you said free thread yh but no one can use any words here especially attacks, there is a limit though it's free space . gold will always rise and is yet to even rise more in the long run but I will not advise anyone to go with this idea especially now you have increased lot to 5000 pips , it's very bad , did you see the sell from 5598 to 4404 and were you holding a loss? so if you use 10000 pips on 1 lot and you lose one, that is $100,000 loss and 5000 pips is $50,000Ignored
Disliked{quote} Market has to close above the green area for bulls to take over again, but market has started showing signs of bullishness and any sell now looks very risky unless market fails to close above 5178 in few hours timeIgnored
Disliked{quote} When gold drop this huge, my SL was still at around 2000-3000 pips, so yes I incur loses, but I don't do entry at 5600s or 5500s as you can see that there is lot of bearish divergence occur on the chart. My entry was at around 5200-5300 at 0.01 lot each (I entry multiple), and then I reentry again at 4800 - 4400 with 0.01 lot each. So I plan my entry, reduce my lot. Still hit my 2000 SL but no problem, I got gain from other entry. Edit: my strategy always employ 90% position on Buy position and I rarely take Sell.Ignored