Dislikedgold, now shooting, let's see, not fully cooked as not touch 2372 but profiting already, moving on,if took me out ok,but the target is still 2340,tp1 2360.... {image}Ignored
The trend is not my friend.
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strategy builder/tester for new scalping strategy 1 reply
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Reversals vs. CounterTrend Trade 28 replies
CounterTrend Trading 58 replies
Dislikedgold, now shooting, let's see, not fully cooked as not touch 2372 but profiting already, moving on,if took me out ok,but the target is still 2340,tp1 2360.... {image}Ignored
Disliked{quote} I wouldn't feel comfortable shorting gold right now. There is just so much turmoil and geopolitical uncertainty that makes it a lot stronger against the rest currencies. The most recent CFTC shows the big players are long on gold (futures): https://www.cftc.gov/dea/futures/deacmxsf.htm. Also, price is moving towards new "all time highs" in the daily timeframe: {image} I am not sure if it is going to make the big move in the next couple of days, but there will be a lot of volatility in the lower time-frames for sure, so be careful...Ignored
Disliked{quote} You're a braver man than me. Golds been hauling ass up for the last five hours. I might try trend trade it on the next good bounce on the 50 but countering is a no for me until things settle.Ignored
Disliked{quote} I wouldn't feel comfortable shorting gold right now. There is just so much turmoil and geopolitical uncertainty that makes it a lot stronger against the rest currencies. The most recent CFTC shows the big players are long on gold (futures): https://www.cftc.gov/dea/futures/deacmxsf.htm. Also, price is moving towards new "all time highs" in the daily timeframe: {image} I am not sure if it is going to make the big move in the next couple of days, but there will be a lot of volatility in the lower time-frames for sure, so be careful...Ignored
Dislikedshe wants to jump, but now i am watching for the last time that she is sinking and I am making decisions,more down in the next 3-15 minutes than she should jump. somewhere where I would put my sl if I am long ,if I miss now,I will wait for another opportunity {image}Ignored
Disliked{quote} Thanks, but I think I know how to manage it.... Still get me in profit while it is a strong trend,I leave 1 open trade every time for short,why, because when it is hit it will hit hard,like now look,,15 min finally cooked,but now to consider shorting again,price should reach 2380,but not touch ema 200 15mintf , for consider it... {image}Ignored
Dislikedshe wants to jump, but now i am watching for the last time that she is sinking and I am making decisions,more down in the next 3-15 minutes than she should jump. somewhere where I would put my sl if I am long ,if I miss now,I will wait for another opportunity {image}Ignored
Disliked{quote} Sorry if it came across like I was questioning your ability, I wasnt. I'm not overly familiar with the MT package. I cant tell what line means what. Your charts look like something Jackson Pollock would be proud of . Its more than my eyes can cope with. I was tempted into gold on the trend letting up. A nice finish to what has been a great week, 10% account gain. Have a good weekend all. {image}Ignored
Disliked{quote} Trend - CounterTrend -or any technique is just a term The orientation must be on positive trading results Try it out, starting from those that comply with the rules, to those without rules but oriented towards positive results Forex trading is not a school exam that requires good reports but speculation that is oriented towards positive results I thought my chart was quite complicated, but charli68's turned out to be more complicated Happy weekend {image}Ignored
Disliked{quote} I could not agree more Darwati , still,I believe your charts are more complicated ,once I tried to merge scalping_minitrend tmpl. with my tmpl ,PC almost diedIgnored
Disliked{quote} great advice as always Abade, i always say gold is cheap and i hate shorting it yet i still do, i must stop! at this point earlier today, i had two older shorts that didn't hit, so i took a third and it failed immediately - now it's time to take action to avoid a drawdown breach! plan was to close the short that just failed and scalp longs to cover the loss while taking a VIP short to maintain a manageable breakeven... not all plans go to plan! the longs hit covering most of the loss but price continued up digging the shorts deeper into...Ignored
Disliked{quote} yes,but look what is happening,does not matter for me to be honest,I think it will rise more and more,now when watching 30 mint tf,I would like to see even higher lvl than all time hight,but when I see bb crossing ema 200 on every tf,and price did not fall not even reaching ema 50 ,price will make some drop for sure,I just need to be there when this occur {image}Ignored
DislikedAmazing recovery @Niks, you are almost there at 100%. I definitely share the motto "gold is cheap" as long as NATO, Biden, Putin and Netanyahu (A.K.A the WWIII squad) is aroundIgnored