Gold has refused to give us a trending direction, we should learn to be patient. Hopefully after FMOC we will get a direction on Gold
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People waiting for Chrismas, I'm waiting for FOMC 0 replies
NZD - A disaster waiting to happen 90 replies
IBFX, waiting for update 3 replies
Concept:waiting for price to break. 4 replies
Problem with "Waiting for Update" 2 replies
Dislikedbetter to wait then to trade. 2 doji days above 5000. h1 ranging. watching which side has a clear close on prevous h1 candle high low. m5 rbp. {image}Ignored
Dislikeddamn it , i sold 4991 but close it 4987, think wait for US start, It seem i miss itIgnored
DislikedIT has been a blood bath. Money moving out of gold to oil products. Wiped out 60% of my profits yesterday with only 3 OZ thinking how bad it can getHopefully lesson learnt : )
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Disliked{quote} I believe that to become a consistently profitable trader, one must first become a good risk manager. Most of us tend to focus heavily on entry setups, while paying far less attention to the invalidation point. In my opinion, the order of precedence should be reversed.Ignored
Disliked{quote} You are absolutely right but I guess our mind does not like to be wrong. Paying my fees to the market for tutoring me ; ) Yesterday was the second time when I did that.Reached my mental SL and I refused to believe I am wrong. I am kicking myself but I guess everyone goes through this at the beginning. Thank uIgnored
Dislikedi was thinking that in periods of consolidation, our minds should be more open, not depending too much on directional bias. i have here this week m15 trade entry chart showing the possible rbp. one can do it to other time frames entry charts. we can gather and form opinions which of the buy/sell appear more number of times. or which side buy/sell has more failures. yes also be mindful to stick to the entry engulf failure SL. {image}Ignored
Dislikedwill there be a monthly support bounce until the rbp eg sell? {image}Ignored