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Well it all depends on your time frame. Daily chart has been bearish since it stopped creeping up and showed very weak momentum on the last upswing. But big picture this is probably only a retracement in strong uptrend. Definitely doesn’t look like a longer term top (yet)

Well, a retracement was overdue. I don't know much about oil, but I know a bull market when I see it. That is a bull market.

www.cmegroup.com I believe the default session times in Sierra Chart are correct (more than 90% of the time at least)

Futures : look for the FGBM contract (Eurex). These are bond prices so they are inversely correlated to the yield. If you want to bet on the yield going down, you should go long the bonds.

That didn't age well.

Tried the long side in GC several times starting there. Seemed like a decent swing, strong support below. But I got impatient and got out near breakeven I still think today is no time to short. I will avoid trading GC/SI Europe morning session. Way too slow. Will try the Bunds, they seem to...

The main question is, do you have an edge, do you make money? If you do, then good, do whatever you are doing. If you don't, then I would recommend that you try a higher time frame, even if you have to trade something else in order to accommodate your account size, like individual stocks, micro...

Algos have a huge edge when it comes to speed. Speed is crucial when trading these low time frames. Humans are slow. I tried it. Doesn't work for me. What I enjoy most is to stay in a trade for a swing on a 15m time frame with a close stop.

Money can always be made, I guess, but I try not to compete with algos on low time frames. I am not quick enough for that.

5m, 15m, 30m... That is not a market to trade (for me at least) : Interestingly, I managed to catch the green range expansion bar (shorts being squeezed out of a false breakout on a 5m time frame). Then I got hammered in the noise, playing for a real break to the downside.

I had low conviction on these trades. I really need to learn to sit on my ass and relax until something happens.

Today I insisted on trading the noise and being stopped out in gold while silver was the one to short. -1.36% Don't trade when there is no trade (low volume chop).

8 ??? I can't stand losing 10-20 times in a row and it is very likely if I aim for 8 times my risk. I suspected it would drop more but I am a chicken. Could have grabbed 10 points with hindsight 20/20 Actually, I should have looked at silver, the short case was even more compelling. I would...

GC strong support at 1784; strong resistance at 1812. Let's see if the core PCE number gets us out of this range. I suspect we will chop some more. Bias down for the day. 2 points : flag within an expanding pattern. Not exactly a trader's wettest dream but seemed good enough Can't seem to...

This is a way to make pennies if everything is stable and lose big in case of an important change. Similar to selling out of the money options premium. Riskless arbitrage opportunities have pretty much disappeared, as far as I know. In this case it seems to me that if the Fed hikes aggressively...

Little warm up, high probability scalp on a 5min chart. Stop was too tight for this time of day, got stopped out. Reinitiated the trade. Touched my limit take profit order without filling it before fizzling out. Got out with 5 ticks minus commissions : peanuts This has happened countless times...

Thank you. Good luck to you too ! Will start trading next week. Macro-observations follow up : confirmation that yields are probably not going to shoot up for a while. I am watching DXY carefully too, I am not convinced this is a major double bottom reversal with USD shooting up either. Odds...

Thank you! Yes, I am referring to GC and SIL (SI is too large for now). The pictures showed in the preview. Incognito mode didn't help. Will try another host.

I do like to have a long term bias even though I am a day trader, in case I occasionally catch a trend that I can stay with. I will be discussing this too. I think there is more upside to gold, and we won't go back under 1700 before a long time. I will assume I am wrong if yields aren't range...

This will be the place where I document my evolution from being a semi-sucker to being a successful trader. My brokerage account shows 39.29K right now. I would think turning it into 1M by the end of 2023 is possible :) I will report every single fuck-up and will post about anything at all...