charly20:


Ok... I see your angle now. But as I like to say, we watch together, we learn together.

Cheers!

Forexislife:
SL @ break even. Let's see what gold does.

GabsonFX:
Sure boss, I took 210.0pips from gold yesterday; my take profits gaps on GU and GJ are 250.0 and 350pips respectively....total pips would be 800.0pips ish; that's OK for me for the month with good lot size.

I need a chart to show the reason for the line, my lappy is not on me atm cos I'm not home.

Forexislife:
SL +20 pips. Over 40 pips up right now.

Forexislife:
Watching gold. Dude seem stagnant this week. Looking to buy below 1808.

We watch and wait......

skylane:
bro I think you are right even though the news fit jobless came out positive it dint have effect on the currency but instead we going down for a final touch ,maybe and just maybe the NFP will be positive for dxy,but let's see

GabsonFX:
Thank God I exited Gold @ the right time yesterday, mehn, by now it would have taken back my profits.

Today is promising on GU & GJ as they both may close bullish....currently running total 110.0pips on both....I've never cared about NFP, it's not my worry.

I'm hoping that these 2 positions will complete my monthly target.

GabsonFX:
GU and GJ Long positions updates:

Today came as expected on both, both positions came bullish on today's close...good news; this means I will have to go relax and run this for days, plus I'm happy I have enough buffer to play with NFP - I don't care about it anyway (I let it do what it wants to do).

Finally, Gold is ranging, better to abandon it today and tomorrow; in fact, from my experience on gold trading - The recent days' gold reactions tells me that NFP will favour the day traders tomorrow; swingers will have to stay aside on gold.

GabsonFX:
GU and GJ Long positions updates:

Today came as expected on both, both positions came bullish on today's close...good news; this means I will have to go relax and run this for days, plus I'm happy I have enough buffer to play with NFP - I don't care about it anyway (I let it do what it wants to do).

Finally, Gold is ranging, better to abandon it today and tomorrow; in fact, from my experience on gold trading - The recent days' gold reactions tells me that NFP will favour the day traders tomorrow; swingers will have to stay aside on gold.

I don't try that....

There are reasons for that.

ogashman:

Boss, pls I want to ask.....do u move SL to break even after price must have moved several pips in ur direction or u just let the trade run till u re ready to close it?

kamtrix:
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GabsonFX:
I don't try that....

There are reasons for that.

dennison4luv:


This is fake, please don't go there

charly20:


Nice to see you're seeing from my angle.
I've been stalking USDCAD and she has made the move I so much anticipated. I'll post my chart later as I'm not comfortable enough where I am atm.
That's why I've been looking for sells for EU a long time.

Maybe dxy will be bullish after all. Cheers!

Modified
The three pairs I can only trade atm (so sorry Gj ).I'm waiting to see if gold will come to 1792 area.EU becomes a tradable asset for me when I see the today's low broken maybe with NFP impact otherwise hands off. Dxy has not shown me willingness to go lower and USDCAD is right where I want her.

See attached

ogashman:




Why?

dennison4luv:


This is fake, please don't go there

dennison4luv:


I Just checked it, it doesn't exist or it's a link used to hack whatsapp

I don't chase price, I give room for price to do what it wants to do; market movers introduce their usuals and you get taken out at BE, then price continues your way; I see my effort in analyzing, entering of the trade and monitoring as waste, why did I enter the trade in the first place when I'm not confident of losing the SL gap pips.

I see traders doing this as price chasers and pessimists. Even if price trends, it swings; price makes major and minor swings; why would I not give room to breathe as if I'm full of panic.

Finally, my trading psychology is that: anytime I enter a trade with say 100pips SL GAP, I call it a go, I do away with the pips....I don't ponder on it an inch.

ogashman:


Lol...can u shed more light sir?

Cause, we were taught that once price moves 30/40 pips in ur direction, u break even.

dennison4luv:


I Just checked it, it doesn't exist or it's a link used to hack whatsapp

GabsonFX:
I don't chase price, I give room for price to do what it wants to do; market movers introduce their usuals and you get taken out at BE, then price continues your way; I see my effort in analyzing, entering of the trade and monitoring as waste, why did I enter the trade in the first place when I'm not confident of losing the SL gap pips.

I see traders doing this as price chasers and pessimists. Even if price trends, it swings; price makes major and minor swings; why would I not give room to breathe as if I'm full of panic.

Finally, my trading psychology is that: anytime I enter a trade with say 100pips SL GAP, I call it a go, I do away with the pips....I don't ponder on it an inch.

GabsonFX:
Added:
By the time you get taken out at BE, price continues in your direction; you lament and want to enter again in order to join the move - This I absolutely go against, don't try it at all - you will be obviously and rigorously chasing price if you do and trust me, your psychology would be messed up by this time.

[/b]If you find yourself in this shoe, just uninstall MT4/5 and go on a compulsory holiday.[b]

XAUTrader4L:


Na real frustration this week lol. All because of nfp

GabsonFX:
Added:
By the time you get taken out at BE, price continues in your direction; you lament and want to enter again in order to join the move - This I absolutely go against, don't try it at all - you will be obviously and rigorously chasing price if you do and trust me, your psychology would be messed up by this time.

If you find yourself in this shoe, just uninstall MT4/5 and go on a compulsory holiday.

Lordfave98:
Hmmm on my HF demo account I have my own fair shares of losses but my profits exceeds my losses but that’s demo sha, I strongly believe that if I should start trading live I would also make losses but I’d make profits more, I’ve watched almost if not all of Steve’s videos about Forex on YouTube
Candlestick patterns
Technical analysis
Indicators
Pips
Backtesting
Spreads
Leverage
Strategies
Trading psychology
Resistance
When to enter a trade and when to exit and countless more.
Check out the The Trading Channel on YouTube, that’s where I got all the knowledge I’ve amassed so far on Forex and I’m yet to fully grasp full knowledge about the ATR indicator but I’ve got my own strategy albeit from Steve though and was on a discipline of making 7$Profit daily morning and night on a 0.20 lot size and on a single trade, but the issue I’ve like I stated earlier is I have just two tools on my MT5 platform, which I’m still confused about till this very moment, I’m really clueless in that area

GabsonFX:
Sure boss, I took 210.0pips from gold yesterday; my take profits gaps on GU and GJ are 250.0 and 350pips respectively....total pips would be 800.0pips ish; that's OK for me for the month with good lot size.

I need a chart to show the reason for the line, my lappy is not on me atm cos I'm not home.

ogashman:


Ok sir