Gold just went for sl and is reversing😔
Trading is never for the weak!!! I might enter on the open of new work session because it seems to me these days London session is for manipulation for new york session to move smoothly with the intended direction

Sl taken I'm done for the week

Gold buy now

APPLY PROPER RISK!!!

Sl hit i re entered with half my initial position waiting to recover the initial loss, i still think it's a sell and that was only a sl hunt

Gold idea was invalidated market broke trendline and i didn't get confirmation to buy so i didn't meanwhile sell Eu with me

Free trade idea 💡
Xauusd 🥇
A strong rejection of that level expect buys and
overall gold is in a bullish trend from the higher time frame and the 1hour TF is presenting a common continuation pattern called bullish flag, a buy signal in an overall bullish market is considered a high probability trade manage your risk nothing is certain

Light work🔥 in n out✅

dmahn:
Please Read!! . Check the attached screenshot before reading for better understanding

Just like I once said here, I have 100% loosing streak on GBPAUD. Like I've never won any of my GA trades, I held that bias and gave it another trial last Friday, the opportunity looks good to be ignored that I jumped in with a poor RR (Friday has happened to be one of my worst day combined with the trading one of my worst pair) Market put a smile on my face when a strong bearish breaks 1.89897 only for price to create a strong bullish move that closed about the high and started moving towards my SL, only for me to get lucky by price reversing few pips to my SL and an inverted hammer shows up, A strong buy signal has shown up while I'm selling, the market was fair enough that it gave me enough reason to close at BE but I was just holding on to my sell, the strong buy signal might be a trap too I said to mysef... Inshort price reversed and finally took my stop loss. 2nd picture

AUDUSD has done exactly the same thing, sellers break 0.66858 only for a strong bullish candle closes above the swing and reversed few pips from my SL as well. I'm currently holding this trade in profit but im afraid price might reverse from that point and go back to SL just like GA did. If I am to judge based on what GA did I will close my sell and buy instantly when market opens... Its been giving me headache, I don't wanna set BE and price takes me out on BE and moved to my TP

Please advice

Price action still remains the only truth in forex professionals know this, au is at a decision zone it can either buy or sell from there to be safe exit and wait for a break retest to continue selling or or wait for bullish properties to buy from there how do i know?? Simply look left no ict concept or indicator will tell you this

Don't get surprised it's just a 20pips sl brokers making it look large so you tighten your sl and get stopped out, price moved in my direction but retraced back to breakeven and you may ask why but i have a rule when price moves half of my tp i breakeven, take partial and let the other run, not much was made from this trade but better trades ahead tho i think i won't hold trades long when trading news as e show i close am we learn everyday

VeeVeeMyLuv:
Omo....
O boy! Technical analysis I give you hand 🦾💪✋😲

na the update be that if you know you know

Sl hit on the gu sell

Gu sold!

Free trade idea on gold all you have to do is wait for the market to come to you one scenario must play out before cpi or during just wait!

Remember when i talked of how to draw support and resistance zone here's an example see how price is respecting the zone accurately

Another win today! Was too busy to drop signal here also
Analysis was a simple double top on the 1hr time frame that's all!

I'm closing my profits it's a monday!

Eu bought let's see how it goes
I keep it simple, this is a simple break- out retest setup nothing more!

HeatSeeker:
Abeg make una no vex 🙏

I have another curious question. Its about support and resistance.

I have watch some videos on it, and initially, I thought I got it. But as I watched several more videos, I became somewhat confused.

I noticed some people draw the support/resistance line starting from the tip of the candle stick Wick, while others draw it in a way that it ignores the Wick and starts from the body of the candle stick (where the Wick touches the body). Please what is the proper and correct way to start drawing the support/resistance line?

There's a book i was reading by ref Wayne where he basically said for a good support zone draw it from the close of the candle to the wick of it and personally i have found this very effective go do your research and thank me later

nzechu:
Na those turning points Naim d market makers de target gangan for SL hunt.

Considering a reasonable amount of pips away from this zones can save you from most sl hunts, i personally use 25-30 pips

HeatSeeker:
I have a curious question. How do you determine where to place your stop loss and take profits?

I suggest using market structure basically anticipated turning points should be your tp and levels considered invalid when broken should guide you to setting sl

Sold GU today, risk and trade management intact

Good morning my like-minded people it's a new year to try again and to keep pushing the forex dream, I've not been active last yr but i promise i mount here this yr, happy new year everyone let's do the most this yr

greatcheer:
So for this 5k prop account, that means the real trading capital is 10percent ie 500, abeg what is the proper lot size to use to avoid drawdown,

Just learn position sizing so risk according to your appetite also taking note of daily drawdown which on most props is $250 so you can risk anywhere from $50- $150 depends on your risk appetite

What's up traders I officially welcome everyone to a new week
My trade idea on gold coming soon💡👨🏾‍💻

[quote author=samfelly post=125825099]

Over late, sir. But no worry, October own, I go personally mention you. Nevertheless, wetin be your TFT username, boss?[/quote Peterfx01 thanks and please do

samfelly:
No frustration reach this kind thing . Make market miss your limit order by a width of a thread. Nons3nse

please I'd love to join the competition if it isn't too late thanks

Please someone drop link to info first competition thanks

Gu sell trade idea played out as anticipated positions in blues see you guys next week keep pushing pips and Don't ever give up it's possible

Sell gu now

Sl hit on eurusd sells two loss this week so I'll be very cautious and trade less according to the plan

Gu buys Rejected slow Monday tomorrow we trade properly

Look for buys on gbpusd and eurusd this morning!