@hendro0045 @JoshTheHedger how you doing
I have something for you
You don’t have to be sorry mate. Next opportunity. Market always has
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Big drop is about to start! Beautiful distribution
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Close all your positions or Adjust SL and hold till 33 100 or around there 🙏
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When both do opposite clear price action results can be higher probability
Anything can happen
Risk management 🎯✅
Closing xxxusd sells and going in buys.
Could be wrong but dxy rejection of top.
This falls under Power of Consistency of LETS FOREX EMPIRE TRADING COURSE.
YOU KEEP LOSSING AND BEEING WORRIED?
Whats your fixed RRR on your account?
How much do you risk and how much do you target consistently over time?
Lets say you have $100 account okay
How many trades will you place and get ACCOUNT blown if you wrong?
For me 10 trades is okay to get this account blown if my trading system aint working..
Plan for my Trading Account.
Now lets do the maths...
Account size.. $100
Risk per trade ..$10
Breakeven... $10
Reward or Target per trade $30
With this you can loss 3 times on the row but single profitable trade can wipe out all loss... Now lets do the maths on 10 trades and see if Unculgold is lying.😁
1.Gu..BUy... -$10
2.Gu Buy... -$10
3.Gj.. Sell - $10
4.Gj... Buy +$30
5.Eu... Sell +10
6.Eu... Buy -$10
7.UJ... Sell +$30
8.UJ..Buy -$10
9.Gu.. Sell-$10
10.Gu..Buy+10
End Results of 10 Trade
Total Big wins=$60
Total small loss=$60
Tatal Small wins.=$20
Wins=$80
Loss=$60
$80-$60=$20
Account Balance after=$120
So now you had 20 percent of your investment at the end of 10 Trades..
You loss 6 Trades and won just 4 but at last you are profitable... Lol is that simple?
The real Holy Grill by
@Unculgold
Most people wont tell you this yes because they don't know all the tell you is strategy and risk management... Its not about holy grill bro this is the real Holy grill....
God do this for a week and come back with the results lets see if only your trading system works...
Gbpusd and 100pips on gbpjpy playing nicely today.
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price increase in 1620 area is not accompanied by reasonable volume. the purchase volume appears to appear during nfp but not in a reasonable amount. so be careful.
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crist, do you made money from your prediction ? gold gap down ?
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Double game dxy
How to differentiate buy hand nd sell hand
Thanks 🙏
It's a long way down so I will enter in a another opportunity.
Sorry but i didn't enter. breaking of which level will fail this analysis?
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Sorry Sir, where do you think is a good SL level for this pair?
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https://www.tradingview.com/x/rRk8VSgH #USDCAD
Still waiting for the big fall
Market Update
#XAUUSD or #GOLD
- Gold prices are edging lower early Tuesday as U.S. Treasury yields and the U.S. Dollar firmed ahead of Tuesday’s Congressional Elections and Thursday’s major report on U.S. consumer inflation. Some light profit-taking is also occurring after buyers failed to extend Friday’s strong rally on Monday.
- U.S. Treasury yields are moving higher early Tuesday after posting a choppy but firm trade the previous session. The action suggests traders are still reacting to last week’s big Federal Reserve rate hike and a strong U.S. jobs report for October that ensured the Fed will be in no rush to pivot away from its aggressive tightening of monetary policy.
- General uncertainty about the elections appears to be keeping investors on the sidelines although their major focus this week is likely to be centered on Thursday’s U.S. consumer inflation data since it will determine future Fed policy, the direction of interest rates and the U.S. Dollar, and ultimately gold prices.
- The market is very sensitive to economic data at this time. Long-term gold bulls don’t want to get caught flat-footed when the market finally turns. This is probably why we may have seen the overreaction to the greater-than-expected rise in U.S. unemployment data on Friday.
- Another key indicator to watch is the holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund. It fell to 905.48 tonnes on Monday, its lowest level since early 2020. Outflows from gold ETFs are weighing on gold. Until this tendency reverses, gold is likely to remain under pressure.
Now gold maybe setup distribution base with 1670-1682 trading range.
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