Technically Fundamental
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HE's a Legend
They are some epic metaphors
They are some epic metaphors
Check the attatchment
I placed stops at diff points at varying S&R levels as I started getting scared when the trade was turning against me.
The trade went against me to the tune of around 6 and 7 hundred before it started to turn back. In the end I was so scared left the trade with an aggregate profit of about £112 instead of sticking with and trusting in my own anlysis. If I did have confidence and dealt with the emotio better I would have cleared a lot more than that. Check the hourly candle if you want to see the levels traded in the end.
I think it was Trader Dante who said something like be a man and take either the profit or the loss. I never understood that at first but now I think it makes sense. If you make a profit, well done. You're work paid off. If you make a loss on a trade your analysis was wrong. You need to find out why.
Check the attatchment
I placed stops at diff points at varying S&R levels as I started getting scared when the trade was turning against me.
The trade went against me to the tune of around 6 and 7 hundred before it started to turn back. In the end I was so scared left the trade with an aggregate profit of about £112 instead of sticking with and trusting in my own anlysis. If I did have confidence and dealt with the emotio better I would have cleared a lot more than that. Check the hourly candle if you want to see the levels traded in the end.
I think it was Trader Dante who said something like be a man and take either the profit or the loss. I never understood that at first but now I think it makes sense. If you make a profit, well done. You're work paid off. If you make a loss on a trade your analysis was wrong. You need to find out why.
Careful with your fibs mate. You're on line charts and I'm not familiar with your strategy, so feel free to tell me to bugger off.
However if you draw the fib from the top of the swing high on the 18th/19th, as I think you should, rather than off the weekly high, the 68 fib is in a far more meaningful position.
And hindsight shows us that this is the level the price reacted to.
Had my first losing day of trading... I'm down £100!!!!
I don't know wtf happened but someone somewhere has some serious muscle in the gold market. I've been warned against trading gold before but I never heeded the advice. Avoidance of the gold market is now added to my rule book.
can't agree with you there, gold is a luverly 'play'. 5 pips a spread on IG, mostly turns like a tanker then shoots; 2 excellent entries today (with v.obvious exits), one just after 12 one at 3.
I got in short at about 914 at 11ish.![]()
The action actually correlates with my analysis but out of the two ways I thought things could go my mind told me to expect a proper test of the 910 before a slow climb throughout wall st trading day back to 928.25.
Don't know who I was kidding lol.
Looking at it now today's rallies were basically a cancellation of mar25th :-S
wtf is IMHO?
I HATE GOLD!!!
WTF is going on?
What are you looking for?For spread traders/scalpers the conditions and set ups don't come much better than gold today, the smartest amongst us probably took 30 points (at least 10 quid a point) in a breeze (I didn't take that much but should have).
If you're looking longer term then yes avoid gold, but its volatility is legendary, similarly oil.
The market was completely f-ed yesterday during UK hours and didn't know where to settle. I'd was expecting it to act more like a market finding itself and not like some hedgers plaything lol.
No problems anyway I dont care anymore. I got beat fair and square.
Sorry to have to say this but that is emotional drivel.