Gold has refused to give us a trending direction, we should learn to be patient. Hopefully after FMOC we will get a direction on Gold

Waiting at the Riverband

Got stopped out at BE, no trade for the day. until possibly after FMOC

Waiting at the Riverband

I believe we should takeout the previous day low and possibly monday Low before Gold can move higher. Looking at the chart on the hourly I can see two equal lows I got a sell setup during asia to short the market possibly it holds or I get taken out ...

Waiting at the Riverband

Awesome man, thanks for the feedback

Waiting at the Riverband

I am putting up a structure to how I trade. This week I added just $50 in my trading account. If I can grow it to $250, this will put my risk $50 per trade throughout the week. Then I transition to using $100 per risk when I grow it to $500. When I ...

Waiting at the Riverband

So here is my risk management system: I risk 250pips to get 375pips at 200pips I put my SL to BE. Hence reward to risk is 1.5R per trade. My aim is to take 3 to 5 trades per week. If I am red twice a week I take break for the week. Currently I am up ...

Waiting at the Riverband

I hate this damn market during NY, I am done for the day

Waiting at the Riverband

I am currently at BE risk free whatever the chart does either to my TP or BE I am done for the day. To keep it simple 1 trade a day. I am yet to take my first position for the day

Waiting at the Riverband

I could be wrong but here I am

Waiting at the Riverband

You can see we've been in consolidation for more than an hour now

Waiting at the Riverband

It pays to be a bear than a bull IMHO, but I am bullish waiting for Asia Low to be taken to engage

Waiting at the Riverband

Here is what I am currently looking at, I can see buy setup and sell setup, buys played out during asia but now do we really think it will play out given 4H close as a resistance. To me it pays me to wait behind to see who wins

Waiting at the Riverband

Owning to the fact a buy setup formed on 5M TF I had to shift my TP to Asia High. Though I did not take the trade on 5M. I focus on taking just 15M buy setup. I am done for the day

Waiting at the Riverband

Hello Buddies, how is the weekend, I hope we are looking pumped up for the new week. Here is my trade for Asia session. Few pips for TP then I saw a retracement. Well I am still in the trade

Waiting at the Riverband

Additionally I feel you need to just stick to increasing lot size after doubling account, or rather wait till a new week starts before increasing lot size. This ensures you lock in the gains for the week

Waiting at the Riverband

Even at that the sell setup formed hasnt been retested, if they really want to come in for buys, we shouldnt see sellers at that zone

Waiting at the Riverband

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Waiting at the Riverband

I feel I will be able to take 2 - 5 trades per week, 1 trade per day I am done for the day. Will likely be sticking to this

Waiting at the Riverband

I am done for the day too, also down by 3% for the week

Waiting at the Riverband

I just told me myself this, the setup was quite clear then the market switched, I am still in this trade lets see if the bulls will still move the market

Waiting at the Riverband