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  1. P

    trading aud and gold [xauusd]

    added usdchf and this is all my open positions
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    trading aud and gold [xauusd]

    usdchf long and added quadrupled usdjpy earlier position not shown in the chart below.....too lazy to post another chart
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    trading aud and gold [xauusd]

    usdjpy long opened an exploratory position with a plan to add if i see fit
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    ... but is it doable in reality ?

    i do not think so the government spending that has gone into COVID will drive all assets prices up ward.
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    trading aud and gold [xauusd]

    closed audusd long too got twice my risk but just wanted to clear my head and start afresh later.....usually markets wait for Europe opening...... in about an hour and half later
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    trading aud and gold [xauusd]

    closed my gold position just after i took the screen shot...... i think i got around 1.5 times my risk...but it is not something i consider.......i just try to get out when i think the trend is slightly overextended....... i must admit i do not trust gold at all...it can drop or spike up...
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    Gold rising

    it is a fantastic career.. recession proof stockcharts.com has a 'trading school' section that about covers everything basic. babaypips .com is good too Linda Raschke :LBR Group | Linda Bradford Raschke – New Market Wizard (lindaraschke.net) HANSEN gives a different perspective...
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    trading aud and gold [xauusd]

    going long in gold was as obvious as can be....... not so obvious was the long in aud usd......but that too was right i think. it it breaks the highs around 7737.......it should gain a lot more
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    trading aud and gold [xauusd]

    what this means is that it behaves just plain nutty i am never comfortable with it....which may in fact be a good thing with any position.... it keeps you honest. because a sure thing does not exist and if it does it can only mean you are losing money surely as i said in my journal i have...
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    Gold rising

    yes read everything you can.... if not how will you know to recognise the rubbish...... that is what the books will help hugely for do not for one minute think you can read and mint. not that the author is dishonest......but what worked for him may not work for you..... you may not fit...
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    Gold rising

    close immediately
  12. P

    trading aud and gold [xauusd]

    i have made a huge change to my trading philosophy from earlier.... which was to take big positions for short time. i now keep a position open as long as it is in a short term trend ..... i could never understand trends and when to get in and out...but recently it suddenly occurred to me how to...
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    trading aud and gold [xauusd]

    i am long in both gold and audusd....but audusd i may reverse if my stop gets hit
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    Gold rising

    as you have found out it is not whether you make money or not it is whether you have any clue what is going on...... what is the meaning of 'down' or 'up'......it is different for different people As Seykota said which is extremely relevant for everyone in trading :' if you cannot learn the...
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    What are actions you can take to build your trading skills while the markets are closed?

    same as when they are live trade historical markets and practice... trading view has something they call 'replay', my broker has something they call 'trading simulator both replay historical markets and you can trade them as if markets are live
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    What one thing did you learn this year that helped you improve your intraday trades?

    the closing trade is dependant on the entry...it is known what rate they have entered if you read charts..so you know where they will close you are looking for set ups...YOU SHOULD LOOK FOR THE REASONS SET UPS HAPPEN IN THE FIRST PLACE I have been looking for 13 years.....i finally found it...
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    What Is a Market Maker's NYSE Trade Cost?

    nothing on the contrary they are paid to place orders.......because they provide a service: that service is making the market.
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    Can you choose what leverage to use before each trade?

    of course you can choose for each trade. just take the size that pertains to it.....
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    To stop loss or not

    no i have given aa simple non subjective method which anyone can verify by study of charts in a few hours that is a gift
  20. P

    To stop loss or not

    you have a point but i think i may save someone else the trouble of going on the wrong road for a long time
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