Yesterday was tricky but an experience to share. The BE is one of the conservative but beneficial aspect of safe trading. My both entries of buy 1917 and sell 1919 hit BE and the equity was saved. When market is choppy and keeps on backfire, BE technique is the best strategy to adopt. Today MRS is at 1927-29 between 78.6% - 100.0% level and MRB only on return from...
Really Thankful to GOD and then the team. We saved our equity yesterday. The decision was rite to take the extreme and buying from 1917 is safe now. The time I am writing this price is at 23.6% 1920 and a possible DT may initiate. However we are very near to our 50pip and might get it before the decline or in other case BE hits. There is a clear death cross in H1...
What a day of twist n turns. Well we are happy to get that second lot chance to tp 1952 and 1945 at 1935. A lottery that gave 100 and 170 pips in bonus. This is the result of taking 2 lots every time. Get one TP at 50pips to relax your nerves and feel nourished and keep other on BE for a chance to get some more pips. Trust me once or twice a month you will enjoy...
No change in work plan and those who listened till the end will get a tip. But to understand the tip, you need to listen from the beginning. As the highest and lowest of two days remains the same, so the selling and buying remains the same. The entry style also be the same as range is too narrow. I will try to TP my second lot in sell from 1945 at 1935 and focus...
Well on target. The itchy fingers would have profited it buying from the bottom but it was a high risk trade. After NFP we got the chance to enter as sell from 1951-53 area and got good TPs hit. Discipline and Patience always pays. MACRO price action being discussed in the group, here we just focus on our daily 50pip opportunity. As the range of supply and demand...
Another hands on experience to share “ Gold has its own unique movement, It do not depends on any element “ I have proved this many times on different platforms and there are fellows still with me who can witness it. It is FRIDAY, new month but end of week. Today is NFP (Big news day) So we don’t take any position before it. Keep in mind! To me, I am still keeping...
This week is weak! In three days two BE and one TP. Well, even then it is good to go. Today my PO missed at 1925.78 and the price went straight down to 1914, I call it a bad luck as my PO was at 1926, well other fellows who were watching the chart took sells from 1925-23 and picked good profits. Thank GOD. Eventually price came to the target area again and a SL...
Well it was a hard day, a bad luck turned into good luck making a break even day. First target hit SL and second one picked the TP so making the day no profit no loss. It happens, but Discipline and Patience always pays. I didn’t get into revenge trading and waited for another opportunity and Gold has the tendency to give more than one chance a day. Ok for Tuesday...
On Friday! Just tried an entry out of context and look the SL hits. It was a very low size entry of 0.01 ($2 loss only) but a lesson is learned that what you have worked out hard and planned, just stay with it. Second hands on experience, never chase the price. If the price comes to your targeted area then make your move otherwise wait for the whole day or even...
It is FRIDAY remember. I want to review last two days of trading to give hands on experience of Discipline and Patience. We lost a trade two days back and patiently waited for the next day and did not involve in revenge trading. The Disciplined SOP saved our equity and kept us active in the market. The next day got the opportunity and finally hit the TP again....
What a day! Bending of trend was located, bullish segment was smelled, positions were taken, all seems set but … Stop Loss Hits. Well Profit & Loss is part and parcel of trading but we must learn from our mistakes. However there was no flaw in work plan. Sell was taken at 1905 and at times it went 1901 but reversed, we BE it and it was hit. We re entered again but...
Wow! It is crazy now. Look at the positions. Sma200 at 1902 between 23.6% 1900 and 0.0% 1904 and sma44 1894 combined with 50% level and the price is on support 38.2% 1897. We are in real squeezed area so need to have a look at few larger time frames. In H4 sma44 is at 1897 and in D1 sma200 is at 1908. So here is the picture, if price breaks upwards sma44 in H4 at...
A continuous win win situation since two weeks may lead us to go over confident and may set our minds for not accepting any loss. This is the point where traders start loosing money and most of the time blow their accounts. Therefore, today I am going to take a rest and may not trade or even look at the screen. Secondly, trend is also bending and remember trend is...
It is a clear line of descending trend unless it breaks 1903 MAJOR resistance. Price has also closed under it for three days in D1 TF provided sma200 is well above it at 1906. There are two opportunities for Monday. A buy chance at 1883-85 0.0% that can make a DB for a retracement towards upper fibo levels then a good opportunity of sell at 1892 38.2% and 1894...
OOOooopppsss! We did it again. Two TP hits on both sides. Alhamd o Lillah! Well, as D1 TF has closed under 1903 for the second consecutive day, I am not looking for a buy at 0.0% level of 1884. The more D1 TF keeps closing under 1903 MACRO 38.2% the more we get confirmation for the next station 1853 MACRO 50.0%. So, for tomorrow as it is also FRIDAY (Most of the...
Congrats! We made another 50pip profit yesterday even the market was very difficult. A major Break or Rejection is about to happen. My W1 BB4 is at 1989 and it is in collaboration with the trend lines I have sketched there. As I have mentioned earlier that if 1905 is broken then next station will be 1853. A retracement will happen as it is always due. Price may...
Yesterday wicks gave a hint about what Gold is up to. It made me put my entry at BE and then hit it, however price made to my TP area afterwards. Now Algos are going to play the trick. They have set our minds totally on bearish sentiment. All the technical and fundamental aspects are indicating down trend, but the Gold may take the strong support of 1903 to make a...
TUESDAY 15-08-23, INTRADAY H1 TIME FRAME SETUP.Alright, the game is between 1903 and 1913 now. Breaking 1913 will take us to visit 1918-23 and further break may lead to 1953 again. On the other hand if the break happens on lower side that is 1903, then we may fill up a belated gap of 1867-74 of March 10 and 13, 2023. Both sides are strong. In D1 TF price have...