Attachments: Gold with No Drama

Gold with No Drama

#63,061
Jul 13, 12:07pm (21 hr ago) Jul 13, 12:07pm (21 hr ago)

Lloyd628
Joined Sep 2024 | Status: Quo | 771 Posts

Quoting Mau2609

Disliked

{quote} Thanks for taking the time to explain all that. I really appreciate it. I'm still learning, so it's very helpful to hear different perspectives on risk management. In my case, I do use a stop loss, but I place it based on the market structure and then adjust my position size accordingly. Your explanation gave me a lot to think about. By the way, are there any books on trading or risk management that you would recommend? I've already read Trading in the Zone, I'm currently reading Day Trading For Dummies, and I've also ordered the CMT Level...

Ignored

A member of this forum, T721, has uploaded almost a 1,000 free PDFs about trading.
You can find those at his profile page https://www.forexfactory.com/t721 (look at the "Files"-section of the Forum Attachments).

In other news: the earth is flat. Aliens built the pyramids. And god exists

#63,062
Jul 13, 12:09pm (21 hr ago) Jul 13, 12:09pm (21 hr ago)

T721
Joined Oct 2020 | Status: couldn't give a flying duck | 7,411 Posts

Quoting Mau2609

Disliked

{quote} Thanks for taking the time to explain all that. I really appreciate it. I'm still learning, so it's very helpful to hear different perspectives on risk management. In my case, I do use a stop loss, but I place it based on the market structure and then adjust my position size accordingly. Your explanation gave me a lot to think about. By the way, are there any books on trading or risk management that you would recommend? I've already read Trading in the Zone, I'm currently reading Day Trading For Dummies, and I've also ordered the CMT Level...

Ignored

look at my profile if you want some reading material. iv'e dropped hundreds of pdfs and books

#63,063
Jul 13, 12:10pm (21 hr ago) Jul 13, 12:10pm (21 hr ago)

T721
Joined Oct 2020 | Status: couldn't give a flying duck | 7,411 Posts

Quoting Lloyd628

Disliked

{quote} A member of this forum, T721, has uploaded almost a 1,000 free PDFs about trading. You can find those at his profile page https://www.forexfactory.com/t721 (look at the "Files"-section of the Forum Attachments).

Ignored

Lmao.... you beat me to it

#63,064
Jul 13, 12:14pm (21 hr ago) Jul 13, 12:14pm (21 hr ago)

Isitha
| Joined May 2026 | Status: Trader | 15 Posts

Quoting Huzaifa88

Disliked

{quote} stay away from gold my brotherly advice it makes u rich quick no doubt but it makes u poor more rapidly and these days its the most intense work to trade gold its ripping out all better stay 1:1 on currencies or 1:2 higher time frames otherwise u will lose your mind rest is ur choice

Ignored

Thanks for the advice really appreciate it!
Why do you say to stay away from Gold?
Yeah I was having a good winning streak on currencies and the technicals were well to
the time I got into Gold I lost back to back
But I feel like its the same as forex currencies markets just a bit aggressively
Yeah fundamentals matter most but they mostly go around technicals as from my pov

#63,065
Jul 13, 12:16pm (21 hr ago) Jul 13, 12:16pm (21 hr ago)

Obdyx2
| Joined May 2026 | Status: Trader | 202 Posts

The Hourly closed bearish but the bulls are still in this

#63,066
Jul 13, 12:16pm (21 hr ago) Jul 13, 12:16pm (21 hr ago)

erkkayikc78
| Joined Dec 2024 | Status: Trader | 9 Posts | Online Now

The best book its your xperience and failure. Thesebooks good but they comes from their knowlodge. you and we should collect data for our setup.

#63,067
Jul 13, 12:16pm (21 hr ago) Jul 13, 12:16pm (21 hr ago)

Mau2609
| Joined Jun 2026 | Status: Trader | 9 Posts

Quoting thebigshot

Disliked

{quote} best money management book is {image} not that easy to understand it, took me 6 months to fully break the book down understand it, and apply it of different modals while testing it live on a small account. But totally worth it. My core money management is based on this book. Trade management book {image} learn from the best.

Ignored

Thank you very much I appreciate it.

Quote

Disliked

look at my profile if you want some reading material. iv'e dropped hundreds of pdfs and books

I just saw your profile, pure gold!

Thanks for all your replies. I really appreciate people who take the time to share their knowledge and add value.

#63,068
Jul 13, 12:17pm (21 hr ago) Jul 13, 12:17pm (21 hr ago)

thebigshot
Joined Mar 2025 | Status: Crack Dealer | 446 Posts

Quoting Isitha

Disliked

{quote} Thanks for the advice really appreciate it! Why do you say to stay away from Gold? Yeah I was having a good winning streak on currencies and the technicals were well to the time I got into Gold I lost back to back But I feel like its the same as forex currencies markets just a bit aggressively Yeah fundamentals matter most but they mostly go around technicals as from my pov

Ignored

because its Gold

Asymmetric home run trades only!

#63,069
Jul 13, 12:21pm (21 hr ago) Jul 13, 12:21pm (21 hr ago)

thebigshot
Joined Mar 2025 | Status: Crack Dealer | 446 Posts

Quoting Mau2609

Disliked

{quote} Thank you very much I appreciate it. {quote} I just saw your profile, pure gold! Thanks for all your replies. I really appreciate people who take the time to share their knowledge and add value.

Ignored

i rarely come to metals mine.
But whenever i do come, i always try to leave a mark behind.
Today its you

Wish you all the best with the mathematics of money management

Terry sir is the heart of forex factory. Gave everything for free.

Asymmetric home run trades only!

#63,070
Jul 13, 12:24pm (21 hr ago) Jul 13, 12:24pm (21 hr ago)

Isitha
| Joined May 2026 | Status: Trader | 15 Posts

Quoting thebigshot

Disliked

{quote} because its Gold

Ignored

bruh

#63,071
Jul 13, 12:25pm (21 hr ago) Jul 13, 12:25pm (21 hr ago)

Siren
| Joined Dec 2025 | Status: Trader | 3 Posts

Quoting Isitha

Disliked

{quote} Thanks for the advice really appreciate it! Why do you say to stay away from Gold? Yeah I was having a good winning streak on currencies and the technicals were well to the time I got into Gold I lost back to back But I feel like its the same as forex currencies markets just a bit aggressively Yeah fundamentals matter most but they mostly go around technicals as from my pov

Ignored

Gold will do that to you. I feel like if you can go through with trading gold, you can trade anything. It's very unforgiving

#63,072
Jul 13, 12:25pm (21 hr ago) Jul 13, 12:25pm (21 hr ago)

erkkayikc78
| Joined Dec 2024 | Status: Trader | 9 Posts | Online Now

Quoting T721

Disliked

{quote} look at my profile if you want some reading material. iv'e dropped hundreds of pdfs and books

Ignored

Thank you very much I decided to buy trade in the zone I found in your profile very helpfull

#63,073
Jul 13, 12:26pm (21 hr ago) Jul 13, 12:26pm (21 hr ago)

Huzaifa88
Joined Feb 2025 | Status: Trader | 1,398 Posts

Quoting isitha

Disliked

{quote} thanks for the advice really appreciate it! Why do you say to stay away from gold? Yeah i was having a good winning streak on currencies and the technicals were well to the time i got into gold i lost back to back but i feel like its the same as forex currencies markets just a bit aggressively yeah fundamentals matter most but they mostly go around technicals as from my pov

Ignored

its my personal expericience
i dont know about others
but the roadmap which i followed was first trading currencies over 2 years yet i was just forward testing gold
as i wanted to become a gold trader
trading currencies first will give u patience and build ur mindset
having winning streaks doesnt mean u have unlocked the market
i myslef have achieved many
infcat here in live trades in past
but market has always humbled me no matter what
today i shared two trades
1st tp
2nd just reversed from some pips

these days its awful to trade gold and not piece of cake and when i share live trades i know how big responsibility like feeling i face yet it gives me confidence to take trade myself too
many here know how weird price action is behaving just because of geopolitical tensions
if u want to trade u can your will
but use small lots
i know its human nature u will get over confident just like i was in the beginning and got badly humbled
actual thing is to survive lifetime

some tips i want to tell u which i still do i hate myself for this
trading on bank holdiays unknowingly while i get indulged in trade already (u will get mentally sick if u do this on gold )
second not booking profits and holding ( now here comes two regrets it depends on ur styel and risk plan
there are two regrets u get to choose which u can afford
1st closing 1:1 or slight more not holding much and risking more than 1% of ur account now here risk is double and but u wind up trade quickly and at same time if market continues further in ur direction u feel regret why i closed i could have made more and then u trdae more and loose all here u have to stick to high risk taking small risk to reward trades
second regret is risking 1% or less or and holding trades not booking(this is what i do and i suffer from this regret these days much because of market conditions my problem is not entry no bias mostly but when to exit when to book when to breakeven
in past before joining this thread multiple times it happend i dont breakeven and was in good profits massively yet ended in peanuts why i thought it will reach my target as i expect it also does but obviosuly not always but iam happy with style as my risk appetie is acceptable with this

so you choose ur uncertainity in gold
hold further
or book and close
this piece of advice u will witness much when trading gold

#63,074
Jul 13, 12:31pm (21 hr ago) Jul 13, 12:31pm (21 hr ago)

Jonas4
| Joined Nov 2023 | Status: Trader | 131 Posts

Very reasonable discount. Buying spot Gold eliminates the margin call risk, and you can hedge with a short / buy Put options / sell Call options.

There's a case for 3500, specially with the cluster of green days at those levels that were never retested, also weekly RSI will *at some point* fall below 30.

But in my opinion this is a very attractive price to begin buying spot and hedge short.

#63,075
Jul 13, 12:33pm (21 hr ago) Jul 13, 12:33pm (21 hr ago)

Max-EsMx
| Joined Jan 2026 | Status: Trader | 20 Posts

Quoting Max-EsMx

Disliked

Looking for 3990, sl 4020, sell at 4010 Start of week

Ignored

I was literally the last one liquidated and after 80 minutes TP is played. This is trading, the important thing is not to get excited and come back tomorrow

Stay learning, stay cool and stay patient

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#63,076
Jul 13, 12:41pm (21 hr ago) Jul 13, 12:41pm (21 hr ago)

Isitha
| Joined May 2026 | Status: Trader | 15 Posts

Quoting Huzaifa88

Disliked

{quote} its my personal expericience i dont know about others but the roadmap which i followed was first trading currencies over 2 years yet i was just forward testing gold as i wanted to become a gold trader trading currencies first will give u patience and build ur mindset having winning streaks doesnt mean u have unlocked the market i myslef have achieved many infcat here in live trades in past but market has always humbled me no matter what today i shared two trades 1st tp 2nd just reversed from some pips these days its awful to trade gold and...

Ignored

Really Valuable advice Sir! Thanks so much for taking time for this! I will look forward for this. For the beginning times this feels gold.