Search results

Week 17 Friday Gonna call it a day I think unless something comes up. Gold moved steadily higher today on oil's unexpected surge. The euro is also on a tear. Gold moved much like it did yesterday and picked a direction to move. I think gold is going to drift lower into the day but I want...

Thanks ranger ill look into it. Thursday: It was a trendy day in gold today. There was double top formation, one at 10 o'clock and another at 12:30. I got nearly killed trying to scalp and averaging down. I was able to reduce my losses, but overall I overcomplicated things today. On my...

50K?! I'm not going to trade 2 lots everytime until I probably have like 25K or more, but I'll be careful about it. Edit: Another thing, I need results pretty fast, my mom is bugging me about getting a job now instead of being a bum at home :( I won't average up unless I'm going for...

Wednesday: Today was a good day- I traded the entire day without getting tired and power-napping. I always tell myself to stay away from the news. I was up around $400 before the oil reports came out, and I got in and vaporized $250 from panic. I took another trade in the frenzy and made...

Tuesday: Woke up a bit too early today (7:30am) and got in a couple of trades. It started off moving sideways again, with a very narrow range, so I went back to bed. Big mistake, I couldn't get up until like 11 lol. I missed a huge $18 dip in gold, and afterward it basically moved...

Monday: Started off the day with a loss.. again. -285 from the start, worked my way back once again. Today gold was stable, for the most part. My method seems to be working in this horizontal environment. August Gold touched 900 again today, and kept bouncing off of it, making it somewhat...

I try to, but my rules are so vague I don't even know them. I'm trading with alot of feeling and instinct now, as opposed to hard and fast rules. I'm constantly redefining rules, and breaking them. It's tough to follow your own rules, I'm trying my best.

Thanks for the comments guys. Ammo: i tried my best not to give back my gains today. Friday: Gold was very unstable today. Crude oil and the euro seemed to move fairly independently today, which made it hard for me to trade gold, since I've been using those two as indicators. I got in...

Thursday: Started the day horribly. Did my first trade at 10:31, a minute after the oil reports. I hestitated longing gold when I saw crude oil spike, and got in at the top of the spike instead of at the middle. Got out with a -320 loss. Scalped my way back through good movements in gold...

Thanks for the comment guys. Oops, I forgot they moved the petroleum status report to tomorrow.

Closed it out at 894.90. Wow, I couldn't sleep and woke up to check on my trade. I'd love to ride this win, but I'm booking this one. First one over 1K. Now just waiting for the oil report tomorrow.

I'm holding onto a GC short at 906.20. This'll be my first overnight trade, as I want to move to longer time-frame trades.

Tuesday: Crude oil corrected a few dollars today, prompting a big and fast dip in gold. The downward move in gold today started right when I got on. Unfortunately I wasn't able to find any entries to go short. I like to get in on retracements, but they were very weak and I couldn't pull the...

Nice post Gargantuo, I just realized I'm a scalper after reading that post!!

Friday: Very poor action today in gold. Only 2 trades and broke even for the day. 1 short I did I got out of too quickly at break even when it moved quickly down a minute later. Mostly sideways movement for the whole day, and diverging from crude oil's movement. Week 15 +400 This...

Thursday: Finishing up early since I haven't made this much in quite a while. Used crude oil prices to trade gold today, but both were quite choppy. I think I may have churned the account today with super short trades, but the action was too choppy to hold anything. 14 trades, mostly shorts...

Lol thanks. I have a lot to learn, but I've been break even for 2 months+ now, I hope too, that I only go up from here. On another note, I put up a chart of crude oil to track it's movement today, and it's mirroring gold very closely now. I had gotten rid of the crude chart before cause...

Wednesday: I couldn't pull the trigger going long today in gold, even though it was the trend, as I "believed" the trend was almost over. I have a strong tendency to trade entry signals with the thought "this time it's different", and I'm trying hard to change that. I'll post up what my...

Tuesday: Didn't have alot of time to trade today, so I kinda rushed 1 trade and broke almost every rule in my book, including widening the stop too much. Lost 345 on that one trade, sucks. Worse part is that the trade only went past my stop 20c before reversing. Account at 1,930.

Monday: Gold moved mostly sideways today, but still moved well enough to get a decent read on it. Gold is hesitating on this short-term uptrend, and and if tomorrow's PPI number is good, hopefully that'll spark a drop in gold. If that happens I'm going to try to hold a short for a few days...