CopyJoe:
Gold left. I'll wait for another opportunity.

EJ and GJ now green.

Forexislife:
Gold, what are you doing my darling.

CopyJoe:


A breakout to the upside is imminent.

I'm not interested in Gold today. Maybe tomorrow.

Forexislife:
well, my bias is bears but with the falling flag, that is technically a buy. I will make a decision as the candles form. Tops, new York session.

Need to learn how to trade other pairs. Maybe 2 more so I don't have to wait on gold. Side chick things

charly20:
Price is gradually getting to my POI for GJ. The reasons for which I'm going long are;
1. That price (149.9*) is OTE
2. There is a head and shoulders retest
3. There was a new demand zone formed when price left there after forming the inverse HNS
4. That is a price inefficiency from daily TF (gap fill)

I would risk about 20 pips to 30 pips for it. Target as I have said should be around 154.6*

PS: don't catch a falling knife

Goodluck

CopyJoe:


Enjoy your buy.

CopyJoe:


At about 2-3 hours ago, I was still bearish.

I was expecting price to retrace before buying.

I think it's played out and the bulls are coming in gradually.

Data from Weekly and Daily supports buy.

Forexislife:
My sell bias comes from weekly TF. Bullish pin bar last week and a resistance right at 1793. I expect a retracement of about 300 pips. So it's just short term. I'll be looking to sell up at the 1hr channel. 80 pips TP

Forexislife:
Gold sold. 40 pips SL, 80 pips TP

CopyJoe:
Gold will buy.

CopyJoe:
Gold will buy.

GabsonFX:
I would rather you use the word would in your sentences, that way, you don't get caught up if it goes opposite. And no one can come for you.

Crixxx:
Who else is looking at USDCHF. What's your thoughts on it

CopyJoe:
Huge sell-off across my pairs.

DXY is very bullish.

Only took two trades.

#MarketStructure

abham:
You trade off the London session?

GabsonFX:
I would rather you use the word would in your sentences, that way, you don't get caught up if it goes opposite. And no one can come for you.

kendoschurrle:


Hello boss. please I want to ask do you pay more attention to possible drawdown or to possible profit?

For example, if a system can deliver 500%/year but can possibly lose 50% in drawdown and another one can possibly lose 20 or 30% in drawdown but make 200%/year.. which will you advise to trade with?

Forexislife:
Gold, what are you doing my darling.

GabsonFX:
Good question sir, this thought sharpens one's mind for seriousness.

My 1st goal is account sustainability and maintainability.
Let's be realistic, how long have people trading live managed a live account and can confidently show their trading history over the past years. You see some make good profit within 2weeks and blow it in 2days.

Now I want you to use the above assertion to answer your questions. Let me know your answer.

kendoschurrle:

so the lower drawdown system is better, Thank you.

GabsonFX:
You got it.

There are two major things here: %profit/gain and %drawdown.
One you have power to control, the other you don't have the power. Tell me which and which.

Forexislife:
second thought.