Fxwarrior's Posts
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nzechu:What informs your buy? |
nzechu:Don't doubt your strategy if it works for you. Some traders in forexfactory forum are bullish for gold. Market does what it pleases. |
Unruly7:Snake is not man's friend. The snake won't hesitate to bite op. |
Market has been flat on the 4 hour but a possible trade plan could be: Gold Alert Sellstop @ 1735 Stoploss @ 1750 Target 1685 For this target to be reached depends on price reaction around 1715 because once we see 1705 then it's possible. |
I am still bearish biased in gold. There was a price rejection at 1765 with a break of monthly support at 175x We might see price at 16xx by next week. Let's keep our fingers crossed and watch how next week pans out. Endeavour to make your own research too |
Pristine664:You have the right attitude for a profitable trader. |
Concerning patience babypips said: You get a chicken by hatching an egg not by smashing it. Hatching takes days or weeks which requires patience. Smashing which is instant doesn't give you any chicken (profits) but losses. |
Fxwarrior:I made more research on this question as it's all about how to develop patience in trading. There are so many resourceful videos and sites/blogs that treated it. I came across a blog which I found useful. In a nutshell if you are given an opportunity of making a guaranteed #100 000 in a month by trading just 3 days in a month and another opportunity of trading 15 days in a month and making average of #5000. Which of them would you prefer? To read more: dailypriceaction DOT com/blog/learn-to-love-cash-mastering-the-art-of-patience/ DOT is . |
Fxwarrior:Trade closed. I am done with this week's trade. |
Gold Alert 300 pips Sellstop 1745 Stoploss 1755 Target 1715 |
The question I wish to ask is how do you stay for weeks or months without trading waiting for the right setup? For me I feel bored and making trades often lead to losses. If this question can be tackled, it would be a nice development. What activities do you carry out in those periods? |
rainlover:I can't talk about an instrument I am not familiar with. Trading gold is enough for me for now and by gold I mean Xauusd. |
Gold Alert Sellstop 1740 Stoploss 1755 Target 1710 |
Malik1338:Where was your stoploss? If it had been at 1770 it shouldn't have been hit. Truly forex is not for everybody. It has it's risks and gains and besides waiting for trade set-ups which could take weeks or months is a hard skill on it's own. |
I should expect gold to be bearish tomorrow. Price might retrace to 174x before plunging to 1710 or more. Let's keep our fingers crossed. With what gold has done this week, for 2 weeks or more market might be doing stoploss hunting or looking for liquidity. May we not lose our profits in those trying weeks. |
Fxwarrior:Closed at 1735.xx |
Fxwarrior:Everywhere good. |
Fxwarrior:Are you ready? |
Gold Alert Sell stop 1760 Stoploss 1770 Target 1710 |
Fxwarrior:You can close this trade now at 1766.xx |
Fxwarrior:Stoploss adjusted to 1770 |
Fxwarrior:Everywhere good. |
Sell gold 1809 Stoploss 1819 Target 1759 |
Fxwarrior:The bulls are not strong yet and if price breaks 1830 strongly, we may be seeing 1817 atleast before any rally. The chart is your friend. |
Gold Alert Buystop @ 1835 Stoploss 1825 Target 1855 |
Totilopussylick:The only solution is to relocate. |
Buystop gold 1845 Stoploss 1840 Target 1865 |
Fxwarrior:Trade closed |
Carry me dey go, gold carry me dey go where money dey. |
It could ride to 186x or 1885 if 1857 is strongly broken and tomorrow might be bearish. Check daily triple abi double top unless it's broken but monthly appears bearish. |
Golden Bulls on board |
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