₦airaland Forum

charly20:
It's always manipulation

price action and manipulation are intertwined. Ying yang

Forexislife:
Bought gold. True true, gold dey craze. 1795

closed at 25pips. Lol. I'll wait till after FOMC.

Bought gold. True true, gold dey craze. 1795

So like I said last week, lots of buyers SL and sell stop orders will be under the zone at the grey area. I am bullish bias on gold so the next two hrs candle will determine if I will trade today or fold my hands and wait for tomorrow.

Manipulation or price action.

Fxwarrior:
Those on gold sale should be watchful. Gold is having difficulty breaking down and could break upwards in the afternoon.

I might expect to position a buystop for XauEur at 1520/25 for a Target of 1540/45

I agree with you. Any break below is to clear buyers SL most likely. If price breaks, I'll buy early and pray. Sometimes, a little gambling element is needed in trading. We wait till noon.

Forexislife:
the 15mins closed badly for bulls so I closed the bigger lot at BE the other trade still on. I'll rather take SL than miss out on the buy. Today is Monday, we take the loss as it is.

and the loss was taken. Monday was a bad day coupled with the fact that I traded outside my trading time (New York seasion). It was a decision to learn price action outside the newyork session, maybe I need to do it on demo so I can have a proper mindset.

I got banned yesterday for calling out these two trades. So yesterday went well even though I closed the 0.05 lot earlier. It was a risk management decision which I don't regret.

Sold gold @1803. 50 pips SL. 110 pips TP.

samfelly:
Okay, I get u now. U been wan confuse the small forex knowledge I gathered thru WhatsApp group class o. One one

lol. We good bro.

samfelly:
You call 2:53 PM (West AfricanTime) London Session. No na

I quoted a post I made in London session when I took the trade.

Forexislife:
trade going along. 15 mins time will determine if I'll hold this or not. I'm still not confident even though I'm in a little profit. Took a second buy 10 pips below my initial buy.

the 15mins closed badly for bulls so I closed the bigger lot at BE the other trade still on. I'll rather take SL than miss out on the buy. Today is Monday, we take the loss as it is.

Forexislife:
Bought gold @1802, 60 pips. Confident level on this trade is 50%. Feels like gambling.

trade going along. 15 mins time will determine if I'll hold this or not. I'm still not confident even though I'm in a little profit. Took a second buy 10 pips below my initial buy.

Forexislife:
Sold gold @1807 for a 70 pips TP, 40 pips SL

so this took my SL and went to my TP. I don't like London session.

.

Bought gold @1802, 60 pips. Confident level on this trade is 50%. Feels like gambling.

ElectronicMoney:
That is one of the names people here use to refer to the world's premier crypto so as to avoid getting banned by Nairaland's spambot

Oooh OK. Got it thanks.

karkinase:
Lies..I trade Beeteec..its R:R is impressive...just get a good entry then u good to go. Investors prefer Beeteec than Gold. Gold is just for brokers to milk traders .price action doesnt work on it anymore.

ElectronicMoney:
This seems like a high amount for someone who's just starting out

What is BeeteeC?

karkinase:
Gold is cursed..trade Beeteec instead.

lol Gold is not cursed, I trade only Gold and right now it is ranging. Waiting for newyork session.

Forexislife:
Sold gold @1807 for a 70 pips TP, 40 pips SL

First loss of the week taken.

Forexislife:
Sold gold @1807 for a 70 pips TP, 40 pips SL

normally trade NY session so this is a small lot size. Need to learn trading other sessions. Practise!!!

Sold gold @1807 for a 70 pips TP, 40 pips SL

NetValueFX:
1000usd is actually the best mount to start fx with. That's why it's important someone verifies the profitability of his strategy before going live.

Best amount? What do you mean by that

To be honest, I waited for buy opportunit for the weekly candle to go bullish but Gold didn't give that massive SL hunting in the grey area I expected so I stayed away from buys. If any of the NY session between Monday and Friday had moved price to that grey zone, I would have bought gold for swing. Next week, we might see that happen. My bias is buy for now and also stay flexible. Depend on market condition.

GabsonFX:
Someone should check those candles formed on H1 or H4 on gold, gold is just so crazy. This kind of market is an attempt to take people out of trades in both directions.

Crazy market! Anyways, I will leave my position running till next week if today's close is bearish....Happy weekend.

My gold trades for the week. Live account. Gold is really choppy and frustrating but I have had restraints and composure which is something I have been building/learning lately. Hopefully, next week is better.

I see you trade gold and I love to learn more from you.