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No attacks just gold trades/analysis

  • #4,801
  • Jul 1, 1:42am (3 hr ago) Jul 1, 1:42am (3 hr ago)
Quoting Amrb77
Warsh guy speaking today evening ( according to IST time ), might finally take it down to 3885 level. Hoping London gives us a good sell entry before NY plays its game
em already in sell from 3979
before warsh speaking i gonna move my sl to BE Or CTC
  • #4,802
  • Jul 1, 1:52am (3 hr ago) Jul 1, 1:52am (3 hr ago)
Hello Traders. I hope we can all see that the market is solidly bearish. In my many years of trading, I can tell you that trading with the bigger picture (trend) in mind will always make you profitable as long as you manage your risk properly. Understanding market structure aligned with patience is the key to profitable trading. I hope you all have an amazing month going forward. Cheers
  • #4,803
  • Jul 1, 3:42am (1 hr 59 min ago) Jul 1, 3:42am (1 hr 59 min ago)
Quoting MAan.Rx
{quote} em already in sell from 3979 before warsh speaking i gonna move my sl to BE Or CTC
i still don't understand why people mive SL to BE
i always move my stop lose 10 pips away from the current market price once i have a satisfactory profit
at least I'll get profit even if the market direction changes and it's better than the no profit no loss that BE strategy provides
  • #4,804
  • Jul 1, 3:44am (1 hr 57 min ago) Jul 1, 3:44am (1 hr 57 min ago)
Quoting forexghost47
{quote} i still don't understand why people mive SL to BE i always move my stop lose 10 pips away from the current market price once i have a satisfactory profit at least I'll get profit even if the market direction changes and it's better than the no profit no loss that BE strategy provides
yea mate that's cuz some people have their TP at 10 pips
  • #4,805
  • Jul 1, 3:47am (1 hr 54 min ago) Jul 1, 3:47am (1 hr 54 min ago)
Quoting forexghost47
{quote} i still don't understand why people mive SL to BE i always move my stop lose 10 pips away from the current market price once i have a satisfactory profit at least I'll get profit even if the market direction changes and it's better than the no profit no loss that BE strategy provides
That is for not to get kicked out before real big move happens. Anyways a planned SL for big move need some risk bet to be placed. Only thing that matters to me is how may times we are missing and how many times we are hitting that TP. That probability matters and overall profit we get.
  • #4,806
  • Jul 1, 3:51am (1 hr 51 min ago) Jul 1, 3:51am (1 hr 51 min ago)
Quoting Devihaan
{quote} That is for not to get kicked out before real big move happens. Anyways a planned SL for big move need some risk bet to be placed. Only thing that matters to me is how may times we are missing and how many times we are hitting that TP. That probability matters and overall profit we get.

good reply
  • #4,807
  • Jul 1, 3:53am (1 hr 48 min ago) Jul 1, 3:53am (1 hr 48 min ago)
Quoting forexghost47
{quote} i still don't understand why people mive SL to BE i always move my stop lose 10 pips away from the current market price once i have a satisfactory profit at least I'll get profit even if the market direction changes and it's better than the no profit no loss that BE strategy provides
Depends on what kind of trader you are. i swing trade mainly so if i get a 20$ move in my direction i lock in 5$ of the move. But i will also scalp in my direction to take chunks out of it and my core swing trade stays on.

Everone needs to figure out what kinda trader they wanna be. It's not a one size fits all deal.
  • #4,808
  • Jul 1, 3:57am (1 hr 44 min ago) Jul 1, 3:57am (1 hr 44 min ago)
Quoting Devihaan
{quote} That is for not to get kicked out before real big move happens. Anyways a planned SL for big move need some risk bet to be placed. Only thing that matters to me is how may times we are missing and how many times we are hitting that TP. That probability matters and overall profit we get.
I'm learning more everyday in this group thank you sharing
  • #4,809
  • Jul 1, 3:57am (1 hr 44 min ago) Jul 1, 3:57am (1 hr 44 min ago)
Quoting T721
{quote} Depends on what kind of trader you are. i swing trade mainly so if i get a 20$ move in my direction i lock in 5$ of the move. But i will also scalp in my direction to take chunks out of it and my core swing trade stays on. Everone needs to figure out what kinda trader they wanna be. It's not a one size fits all deal.
PS..... i have also had 100's and 100's of trades on eu and gu go 60-70pips in my favour and i lock in 20pips then get taken out the next day, The reason i don't take the 70 is if price continues i already know the targets so it's worth staying in for the times i get 2-300pips
  • #4,810
  • Jul 1, 3:59am (1 hr 42 min ago) Jul 1, 3:59am (1 hr 42 min ago)
Quoting T721
{quote} PS..... i have also had 100's and 100's of trades on eu and gu go 60-70pips in my favour and i lock in 20pips then get taken out the next day, The reason i don't take the 70 is if price continues i already know the targets so it's worth staying in for the times i get 2-300pips
PS.... for Gold i don't think the bottom is in quite yet. my bias is still down b4 a bigger move up. Long term that is
  • #4,811
  • Jul 1, 3:59am (1 hr 42 min ago) Jul 1, 3:59am (1 hr 42 min ago)
Quoting T721
{quote} Depends on what kind of trader you are. i swing trade mainly so if i get a 20$ move in my direction i lock in 5$ of the move. But i will also scalp in my direction to take chunks out of it and my core swing trade stays on. Everone needs to figure out what kinda trader they wanna be. It's not a one size fits all deal.
true . scalping made me the best profit
  • #4,812
  • Jul 1, 4:01am (1 hr 40 min ago) Jul 1, 4:01am (1 hr 40 min ago)
Quoting forexghost47
{quote} true . scalping made me the best profit
you should maybe try 2 small positions then scalp one position and try leave the other alone for a bigger swing to the bigger liquidity levels. just a thought
  • #4,813
  • Jul 1, 4:05am (1 hr 36 min ago) Jul 1, 4:05am (1 hr 36 min ago)
BE it's a good thing to do when you are scalping, on swing/daily trading, i am no sure about it as you can lose a bunch of profit, just because of a micro movement and you being afraid of a losing trade.
Indiana Gold #1 Return Today: 2.3%
  • #4,814
  • Jul 1, 4:06am (1 hr 36 min ago) Jul 1, 4:06am (1 hr 36 min ago)
Quoting forexghost47
{quote} i still don't understand why people mive SL to BE i always move my stop lose 10 pips away from the current market price once i have a satisfactory profit at least I'll get profit even if the market direction changes and it's better than the no profit no loss that BE strategy provides


if you normally move sl 10pips forward to lock it after 50-100 pips move then I promise you will miss many major moves because market will kick you out with 10 pips profits before the real move that could yield 600-1000 profits and the worst part is after it moves 500 pips you would be tempted to enter again because of FOMO and in most cases you will enter with 150-200 pips and the market would retrace 200-250 pips and hit your sl before the trend resumes again to move another 500+ pips whilst you're now depressed and frustrated and this is how the market moves
  • #4,815
  • Jul 1, 4:07am (1 hr 34 min ago) Jul 1, 4:07am (1 hr 34 min ago)
Quoting T721
{quote} you should maybe try 2 small positions then scalp one position and try leave the other alone for a bigger swing. just a thought
i tried it a lot but i always close them together when i get a decent profit and say it's better than gaining one a losing the other
  • #4,816
  • Jul 1, 4:10am (1 hr 31 min ago) Jul 1, 4:10am (1 hr 31 min ago)
Quoting forexghost47
{quote} i tried it a lot but i always close them together when i get a decent profit and say it's better than gaining one a losing the other
Take your time if your not used to trading. Greed is a double edged sword, ie, taking profits too soon i see as greed
  • #4,817
  • Jul 1, 4:14am (1 hr 27 min ago) Jul 1, 4:14am (1 hr 27 min ago)
Quoting forexghost47
{quote} i still don't understand why people mive SL to BE i always move my stop lose 10 pips away from the current market price once i have a satisfactory profit at least I'll get profit even if the market direction changes and it's better than the no profit no loss that BE strategy provides

The best thing to do is if the trade moves in your favor to create a new high or low, you just move sl to entry or 10 pips below entry and this is a secret i won't talk more about it those who have ears should listen and if I give a trade and I'm busy to update anyone who took it should do this though it's a bit technical
  • #4,818
  • Jul 1, 4:15am (1 hr 26 min ago) Jul 1, 4:15am (1 hr 26 min ago)
Quoting T721
{quote} Take your time if your not used to trading. Greed is a double edged sword, ie, taking profits too soon i see as greed

this is very very very good
  • #4,819
  • Jul 1, 4:15am (1 hr 26 min ago) Jul 1, 4:15am (1 hr 26 min ago)
Quoting canyouu
{quote} if you normally move sl 10pips forward to lock it after 50-100 pips move then I promise you will miss many major moves because market will kick you out with 10 pips profits before the real move that could yield 600-1000 profits and the worst part is after it moves 500 pips you would be tempted to enter again because of FOMO and in most cases you will enter with 150-200 pips and the market would retrace 200-250 pips and hit your sl before the trend resumes again to move another 500+ pips whilst you're now depressed and frustrated and this...
that exactly how i lost most of my trades . i closed at 40 $ with 0.05 lot and the market kept going like 200 pips in a matter of 5 minutes so i reentered and it went the opposite direction and hit my SL at 300 pips losing 300$ at 0.1 lot . it's my major problem and I'm learing from it bit by bit . i recuperated most of it thanks to you the past 2 days so I'm really greatful to you thanks again
  • #4,820
  • Jul 1, 4:19am (1 hr 22 min ago) Jul 1, 4:19am (1 hr 22 min ago)
Quoting forexghost47
{quote} that exactly how i lost most of my trades . i closed at 40 $ with 0.05 lot and the market kept going like 200 pips in a matter of 5 minutes so i reentered and it went the opposite direction and hit my SL at 300 pips losing 300$ at 0.1 lot . it's my major problem and I'm learing from it bit by bit . i recuperated most of it thanks to you the past 2 days so I'm really greatful to you thanks again

So you now know i don't just type but others to will just teach you what they think is best but not the best
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