Gold Digger

[andymac]

i am out
yu still in your gbp one will that starting to look good?

 

[willoneau]

Though i would post my XAUUSD here with you triple leave my GBP thread for that and start posting US500 over with andy what you guy's think ?

 

[andymac]

kinda makes sense is a bit confusing chasing from thread to thread

 

[Triple B]

All Good, Im watching both of yours but wont fill em with xau trades. just inane comments and questions
inane
/ɪˈneɪn/
adjective

1. lacking sense or meaning; silly.

 

[willoneau]

i am out
yu still in your gbp one will that starting to look good?

Touched my target then bounced so waiting

 

[willoneau]

Yes wondered if chatting about the three was better in one thread or not your thoughts?

 

[Triple B]

Maybe just start a FX night traders thread , all pairs welcome FX CHAOS
Thats what Wills thread was turning into but maybe the Title GBP USD might have stopped those trading other pairs from joining. Can still post trade night entries in your own or pair specific threads ie xau trades here or whatever. Can maybe get some real chaos happening there .??

 

[andymac]

yep i like that idea. is fun and easy having one place to chat. but i like , now that i have started, one place to keep a log of what actually trying to achieve.
new listing required - triple i like your name too - so whenever your ready kick it off i say

 

[willoneau]

I like that too

 

[Triple B]

OK that way we can keep our pair specific threads,,,,,,,,,pair specific!
couple mins
!

 

[willoneau]

OK that way we can keep our pair specific threads,,,,,,,,,pair specific!
couple mins
!

I'm trading three now ?

 

[Triple B]

Thats ok Will FX Chaos now ready on forex section. I will keep track of my gold trades in more detail here and just a quick comment on FX Chaos. you can do as you please there , its CHAOS

 

[Triple B]

So Last nights trading was a debacle. Late home from work and didnt check 4 hr chart /Was like I was trading blind. Had 5 losses and a BE. for -10% down to $450!
Was trading like a first year apprentice!!.......wait I am a first year apprentice trader!
So now Risk per trade is $9.
Prep today was much better even though I started a bit late again.
half the battle for me is to have my charts organised. i would think this is second nature for seasoned trader. something they dont even think about any more.
I now have a clean 4hr ready to go in MT4 templates and also a 4hr Already marked up with current S&R lines and trend lines for 4hr. This is my current "trading boundary "
Should only have to change these lines maybe once a week . Then I use the marked 4hr chart and change it to 15 min. Mark the thing up . and trade the 15min . cand then change that to 5 min and do the same again.
Much better
Also going to make a minor rule change . Instead if 5 trades max goin to make it max 5 win or loss trades . BE dont count. I want to have 100 win or loss trades to get stats from not 70 or so . BE counts as Zero result to me.

 

[Triple B]

Currently long gold at BE BO above R inside 15min Trading range and target is the top of the range for 2:1 win

 

[Triple B]

Target hit win 2xR
Now waiting for Trading range R to be hit .then enter long again on pullback. with tight stop

 

[andymac]

don't be too quick to discount the BE trades i think triple, will get my s@#t together and elaborate in a bit

 

[willoneau]

Hi triple

 

[willoneau]

I agree andy BE is still part of plan

 

[Triple B]

no , not discounting BE , Just want 100 win and loss trades . not 100trades with say 30BE and 70 results. BE trades for me are the ones that reached 1:1 R but did not make it to 2:1 target
I move stop to BE at 1:1 very useful info for determining potential for higher win reate etc.
Late home from work today and so far 2 BE Trades .

 

[willoneau]

Hi triple
not moving much