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Made a good donation to CL today by using a mental stop instead of an actual hard stop, gave it way more room that I should have. I think that hard stops are the way to go if you have psychological issues with hitting out yourself. Otherwise mental stops make more sense. Usually stops will be...

To answer your question: The best way to make money is to place your bets at a time and place where there will be a reaction that will instantly let you know if you are right or wrong. If wrong you can reverse or stop out. To know where the time and place is you must be able to read a chart and...

I look at everything with an open mind and experiment on demo. No harm no foul as far as I can tell. Personally I quite enjoy this thread and comments from Mr.Scalper, and op from way back when. I don't understand what all the negativity is about. Is it a waste of time? maybe but so is a ton...

Isn't surf anti chart? This thread is specifically about chart reading.

It was an impressive trade indeed, especially holding through the pull backs and not taking profit. I couldn't do that.

Looks pretty steep compared to the price action in the past few days.. and its going up slow, not like one of those algo explosions. I've only started looking at CL recently tho.

I totally misread it... its going parabolic now.

I have been watching the market intently with the "123" and the levels progression in mind and I think I finally understand what you are trying to show me here. :) No more predicting... just follow the price.

I'm thinking we maybe topping here, at least for a retrace no?

Upcoming obvious levels on gold??? My take is 73 and then if we can break that up to 84.5. Is 59 the new support now?

It is a combination of not believing in what I am seeing and not trusting what I know has a high probability of happening. I mean Gold did exactly what I expected... Profit taking at resistance 1259 which brought it down to another key level 1243 which I noted yesterday. This is where new buyers...

ohh ok so you mean no profit target..?

What is LPR?

Ok never mind. I have zero knowledge about how options work.

Trend line gets drawn connecting re-tests of key level from previous leg... Look at this chart of gold 1 hour. Levels respected on the way up are respected on the way down... Its so obvious but damn still so hard to make money.

Do you scale out or have you been holding the entire position the whole time?

I dono man, trend lines work great in hindsight but I cant figure out how to draw them properly on a live chart. How do you know which lows or highs to connect?

What was your entry?

The really good entries seem to disappear really fast. I dont see how its possible to see an alert and then go and put your order in and still have good R/R. Maybe if you are swing trading.

Short is good as long as we are below 55 but below 51 is even better Also keeping an eye on USD/CAD and EURO.USD.. seems like same actions happening there as on gold.