then i guess you just use cut loss strategy ? so far have you encountered any significant drawdown before ?

the other day i couldnt sleep for 2nights coz my gold went negative 700 USD.....damn stress
ability to take the fluctuations is a major factor in being the 5% of the winning group

i tried to trade the open market time always lose money, guess i'm more suitable to trade H1 and above.

Kevler got a nerve of steel ... unlike me .. unable to hold position outside market hours ... I open position when London open .. close all before London close ... hehehe ...

By the way ... for anyone holding Gold ... gold is bearish because as you see ... stocks indexes are showing good gains ... oil is getting higher (showing good economy). this mean investors are no longer risk-averse ... they dump gold and USD  and buy risky instruments like stocks .. US economy is also shwoing good signs .. USD get weaker (from dollar index)..

Kevler got a nerve of steel ... unlike me .. unable to hold position outside market hours ... I open position when London open .. close all before London close ... hehehe ...

By the way ... for anyone holding Gold ... gold is bearish because as you see ... stocks indexes are showing good gains ... oil is getting higher (showing good economy). this mean investors are no longer risk-averse ... they dump gold and USD  and buy risky instruments like stocks .. US economy is also shwoing good signs .. USD get weaker (from dollar index)..

GOLD and SILVER is on the long term uptrend, i'm "investing" rather than trading at the moment on both of it, pls check the other GOLD thread inside this subforum. everyday got minimum 100 pip movement during NY session. Loving it so much....

Bull is coming back on GOLD silver, GOLD dip to about 1307 and it touched 1355, Silver dip to about 26.50 and now it's 29 !

i still cant get how you trade the pivot lines for GU....

I like your siggy kev:
would you able to trade the market without putting any emotions into it ?
for me , that's the real challenge !

heres how.. do your analysis.. calculate your mm.. key in your order buy or sell, key in your SL and TP.. all done.. close pc/pda.. go to sleep..

Yerp bro Sham. Exactly!

That's the way it is..i have learnt from my trading behaviour that never let emotions into your trading . It will lead to disaster. Trust me

I'm just wondering .. is there any place where we can lepak with all trader .. have drinks and trade during London hours ... ?  Some sort of FX cafe ... ? LOL

I'm just wondering .. is there any place where we can lepak with all trader .. have drinks and trade during London hours ... ?  Some sort of FX cafe ... ? LOL

There are 100+ brokers ... which brokers do you want to do business with ?

i was thinking IBFX,FxOpen.
i also read somewhere at other forum about scam broker on the web, and i dont know how true are they.

i have pair correlation on all pairs below

GU GJ EU EJ

in order to maintain my trading , i need to verify whether the weekly (W1) or monthly (MN1) chart on my side or against my side

if W1 chart within my side , i will need to check MN1 chart

for instance , current trade setup is long (bull)

if W1 bullish but MN1 bearish , i will close my trading and waiting for next candle movement.
if W1 bullish and MN1 bullish , i will maintain bull trading until next candle to verify next movement

if W1 bearish but MN1 bullish, i need to wait for the next candle to verify next movement , also to put more long trade to counterattack ;-)
if W1 bearish and MN1 bearish , i will close my trading and start to setup short trading

This applies to short trading too

fyi , it is all abt W1 and MN1 chart , as i'm trading with lot which equals with my money mgmt
e.g 2 dolar per pips or 1 dolar per pips

if i wanna do short-term trading (TFH1&TFH4), i will need to open chart with Elliot wave count and trendline too:-)