F1re:
Done for the day🚀

nzechu:
What will a profit a man to see his concept but don't know how to read it

Buy or sell. It's not straightforward bro,

From intuition I am buying till 423. If it fails Na me sabi

PriceActionZ:

probably force sell first, may be first 2, 4hr candles, then form pin bar on the bull run before tomorw ending on daily

Davigle:
Evening folks, thanks a lot for the encouragement and the advice today. I really am humbled and I appreciate the support. I did learn a lot from trading the account and I must confess that it did improve my trading because this time last year I wasn't as good as I am now. I had to depend on indicators b4 I make a trade but now trade solely off price. I plan on funding my cent account by the end of the month so that I can also trade live too. I've also analyzed most of my trades and I find out that they average 1:2 more often but my greed has been a big issue because it always eats me up to see a trade go 4/5 times my risk reward after I settle for just 1:2. But this is an issue that I have to deal with by all means possible. I have decided to stop pyramiding by all means, it has been my Achilles heel which did me more harm than good. I had a short trade on gold during London session, my entry was at 2338, and I had a target of 2328 but later removed it thinking that price was going to drop further and price dropped 120 pips from my entry, but when I saw price pulled back up into a FVG on the 30 mins chart I loaded another short trade, unfortunately price not only reversed but went on to hit the stoploss of the first trade, if only I hadn't changed my tp I would have bagged a 1:2 trade. I know that I am my own problem, and I am determined to not only take full responsibility but to seriously work on myself. I appreciate every one here for the value that they bring in here day by day. I really consider FTA as my forex family. Thanks again everyone.

GabsonFX2:
Wow! Gold was brutal on the upside. I lost this trade.

I will go on standby on gold until Friday or Monday. I will be looking for only short.

My risk risk appetite was reached and I exited.

Davigle, what fundamental is making gold behave like this since Feb 13? You know? I read somewhere that Russia is doing gold to trash dollar, something like that.

dmahn:


And where stop loss go dey if I follow your call my oga ... Well!! I've not seen my pattern on gold so I'm just observing...

Join me on usdcad sir, I'm looking to buy if the next candle that closes on H1 by 8pm comes bullish. My Sl 10 pips below the swing low... If we get stopped out, we sell with double lotsize

dmahn:


@ samfelly ... Stop has been moved to BE .. I ll TP 1 at the swing high as today is Friday... My last trade for the week and next week we go again

samfelly:
Gold Sell Limit @ 2412

Davigle:
Evening folks, thanks a lot for the encouragement and the advice today. I really am humbled and I appreciate the support. I did learn a lot from trading the account and I must confess that it did improve my trading because this time last year I wasn't as good as I am now. I had to depend on indicators b4 I make a trade but now trade solely off price. I plan on funding my cent account by the end of the month so that I can also trade live too. I've also analyzed most of my trades and I find out that they average 1:2 more often but my greed has been a big issue because it always eats me up to see a trade go 4/5 times my risk reward after I settle for just 1:2. But this is an issue that I have to deal with by all means possible. I have decided to stop pyramiding by all means, it has been my Achilles heel which did me more harm than good. I had a short trade on gold during London session, my entry was at 2338, and I had a target of 2328 but later removed it thinking that price was going to drop further and price dropped 120 pips from my entry, but when I saw price pulled back up into a FVG on the 30 mins chart I loaded another short trade, unfortunately price not only reversed but went on to hit the stoploss of the first trade, if only I hadn't changed my tp I would have bagged a 1:2 trade. I know that I am my own problem, and I am determined to not only take full responsibility but to seriously work on myself. I appreciate every one here for the value that they bring in here day by day. I really consider FTA as my forex family. Thanks again everyone.

nzechu:
Supposed to be a sell signal o, but I am confused.

Anyway
Sell limit 0% or enter at open
Stop at high of last candle
Tp at 423%


*A learners journal, kindly do not take as a trade advice pls

nzechu:

Now at 685%.

Even me no believe am

*The man who saw tomorrow, but didn't know the value of what he saw

samfelly:


When I saw this your fib update, I come go look am well well and wonder why fib no dey answer me as e dey answer you. I come conclude whatever one believe in will work for one. You believe in it and it giving you as you expecting. Keep it up

Geovanni412:



At the close of each bar on daily, market will either range or trend or reverse.

With such a big target on sell on gold, it means you were expecting a reversal of gold uptrend.

Imagine a newbie shows you a daily chart only without any lower timeframe reference, How would you define a downtrend on xauusd to him and differentiate it from a range?

Answer this question for yourself then do the same for each bar on the 4h chart.

realone12:
seeing you explain this it feels as if I'm the that wrote this because we are having the same problem.. I can boast of being right about 70% of the time, but the greed of getting more R:R bigger than my initial planned 1:3 always gets me in a big mess..

samfelly:
Gold Sell Limit @ 2412

samfelly:


New Sell Limit @ 2451. Gold bull say him no go gree o

DXYY:


Well you might are right.

Geovanni412:


Big man,

Help laymen like me understand...

How do you people make money with sell limit orders in an uptrend?

How do you assess your chances of success by using such an order as well?