₦airaland Forum

Elliotwaveforec:
I just longed Gold 1950

Gold is still weak.

Davigle:
Hello house it's the indisciplined trader here reporting and trying to hold myself accountable;
I have finally made my decision to stick with trading stock indices majorly the big three (ES-us500, NQ-us100 and YM-us30) and gold occasionally. I have been hoping from one asset class to another and that's one of my short comings which has plagued my trading. I also observed from the previous prop firms competition which I had participated, that I had more winning trades on indices than currencies. often times my analysis were right on the currencies but my trade execution were always poor which resulted in losses. but I find my trade setups much easier on indices than currencies. Also I love the volatility of indices which is much more better than currencies as I feel that currencies are too slow, because I am an intraday trader. And then lastly, trading indices fits my lifestyle at the moment, why because I am also a session trader, I trade mainly the New York AM and PM sessions which is around 1pm to 4pm and then 6pm to 9pm Nigerian time as this doesn't interfere with my job. I am a teacher and often times I find myself checking the charts even while I am teaching in class just so that I could catch a trade on currencies during the London session, which I know is very unethical of me. I no longer want to cheat on my work. my school closes at exactly 1pm which gives me the opportunity to trade without being worried of breaking work ethics. So I made up my mind going forward to focus only on indices and then build discipline, I am putting this here because I really want to be accountable and I also wanna grow as a trader to achieve consistency and become professional someday. Therefore I implore all elders to call me out when I get out of line.
cheers

I feel you should choose one among US30, US100 and US500. I feel they have strong correlation.

Besides less is more. It's your decision though. Cheers.

Bulls are creeping in.

Fxwarrior:
Gold Alert
Sell stop @ 1985
Stoploss 1995

Target 1955

Patience is key.

Gold Alert
Sell stop @ 1985
Stoploss 1995

Target 1955

samfelly:
Maroka5 and Fxwarrior, please, kindly furnish me with the Investor's login of your Darwinex account, used in the Sit Up Challenge, for a thorough review. The management wish to express its believe that you are now ready for the next lap of your professional trading career. Please, be aware that the team of management would take their time to assess all your trades to be properly informed of the level of professionalism employed, while trading. So, do exercise extreme patience till you are contacted. Thank you.

CC: Infofirst

Done. Thanks for the timely response. It's appreciated. I express my readiness for next phase.

Sellers are losing steam in gold. A serious break of 1988 is needed for them otherwise the buys have it.

Jameselias:
Honestly ayam not understanding gold again oo

How long have you known it? I believe the only thing that prevented it from dropping on Friday was not reaching 2000 region.

It has to gather momentum for upward movement.

Another point is that buyers are taking profits, leaving sellers in the market.

Gold Alert

Sell gold 1999
Stop loss 2016

Target 1974

Buyers feel unfulfilled, having not been able to take price to 2000.


Will they translate it to action? Time will tell.

Gold may get to 1976 before pushing to 2005 region.

Ibrahimlagosian:
Sell Gold back to its' 1800s,the bearish signal at the resistance level is obvious.

I don't think so. Gold is likely to fall tomorrow in order to shed off some gains and prepare on its journey to test 2070 region. It should see 2000 before doing so.

November and December are likely to be bullish for gold. Seeing 1800 is likely next year.
We see how it goes though.

Fxwarrior:
Gold Alert

Buy limit 1975
Stoploss 1960

Target 2005

This actually triggered.

Gold Alert

Buy limit 1975
Stoploss 1960

Target 2005

dmahn:
I opened a trade on the daily, risked 1%... I won't be opening Mt4 or Mt5 for the rest of the month... So help me God as I emback on this discipline....Remove every spirit that will tempt me to check Mt4 or mt5 from my mind for the rest of this month... God Abeg 🙏... See you all next month

Which pair is it? You understand the month is wrapping up and it's normal for pairs to shed some profits.

Gold has found some stability. Pushing for 2000 region.

Geovanni412:
Chief, what are you saying?

You posted gold buy call earlier with stop loss at 1960

Are you now shorting xauusd?

You previously said you will only take with trend entries...


Your statements are confusing, kindly clarify.

I didn't post a sell alert. I am saying to stay out if you can. Gold battling with liquidity means it's unstable.

This is the best time to blow accounts.

Market is still battling with liquidity.

Gold might retrace to 1961 region.
Those who focus on daily candlestick would be standby.

The month is wrapping up. This is the time for market to take back some gains or what accountants might call balance account.

Nextt:
Have you enabled OHLC in the settings tab of your app which displays the Open, High, Low, and Close values?

Fixed. Thanks.

LincolnOnyeabor:
Tap on any pair there and the options that will pop up, tap on Advanced View

Thanks but it's not it.
It's in advanced view already.

Mt5 used to behave like that, now mt4 have joined them.

Fxwarrior:
Please I need help with mt4. Why is my mt4 not showing high, low, close and open prices when you touch a candlestick.

It just started today. Any insight?

Any one?
I mean mobile version.

Please I need help with mt4. Why is my mt4 not showing high, low, close and open prices when you touch a candlestick.

It just started today. Any insight?

Buy gold 1970
Stoploss 1960
Target: To be fixed tomorrow

LincolnOnyeabor:
Gold way dey sell.


Me don close my buys ooo, Presently on sell. TP at 1960.

You have to wait for 4 hours to say this
Anyway the sell won't last for long.

LincolnOnyeabor:
Gold way dey sell.


Me don close my buys ooo, Presently on sell. TP at 1960.

You have to wait for 4 hours to say this

Fxwarrior:
Gold Alert

Buy gold at 1977
Stoploss 1967

Target 2007

Execute

Gold Alert

Buy gold at 1977
Stoploss 1967

Target 2007

Gold outlook for this week

Gold is still bullish from my angle and it's at a significant level in history.

It's aiming at 2070 to either break it or change it's trend.
This happened in 2020, 2022, March 2023 and it's happening again.
From my experience, the more a level gets tested, the more weaker it gets and testing it twice in a year should count for something.

Normally gold should retrace back at around 2008 region and it's not expected to see 2025 this month.

If 2025 is seen this week, there's a huge probability that it's Uncle Powell speech and that might give it momentum for possible 2070 break
which is not likely this month as it needs to catch it's breathe.

To be on safe side, look for a buy opportunity tomorrow and exit before Uncle Powell speech or adjust your stoploss to lockin profits. Just hoping your broker respects the stoploss.

Better to exit at 2008 region as the month is almost wrapping up.

Good luck.

Geovanni412:
There is nothing like trending market, spike n channel trend most of the time - https://www.tradingpedia.com/price-action-trading/spike-plus-channel-trends-illustrations-part-i/

Check the monthly charts

What we have mostly is a trending range market which terminates at fibonacci levels or ATR levels around the monthly lows and highs even on XAUUSD

That is the nature of the market, and it persists for at least 8+ months every year

So, are you going to have zero trades in a month, waiting for a trend structure to form or will you simply focus on buying below the base and only take shorts when key lows have been taking out?

The choice is yours...

It's just like saying there's nothing like ranging market.

https://titanfx.com/news/range-versus-trend-trading-which-is-best-for-you

This is simply my perspective and it's favourable for newbies and consistent profitable traders.

The 5% profitable traders is because of discipline. Some don't trade in August and December.

We move.

Geovanni412:
What happens when we enter range?

When can you estimate that the market will enter range?

Is it better to focus on buying or selling if market enters range?

My emphasis is on trending market.

In simple terms, look at the bigger picture.

If sell is 150 pips and buy is 500 pips, you can forgo the sell and focus on the buy.

You can be sure that sell will have bumps on the road ( apprehension) but that buy will give you peace.

I've come to understand the meaning of bears make money, bulls make money while pigs get slaughtered.

In a bullish trend, look for only buys. See every sell as a correction for more buys.

In a bearish trend, look for only sells. See every buy as a correction for more sells.

Trying to profit from both buy and sell can be disastrous. Not saying it's not possible but is it worth it?

Human mind is programmed to see one aspect at a time. What if trend is bullish, you see what looks like a sell, sold and market heavily retraces and buys against you. Will you have the mindset to buy?