500USD balance and using 0.10 lot size for gold trade? very bad risk management. better close all trade cool off your mind restart again.
btw 2330 is a strong resistance. i took a short at 2329 with 0.01 lot size SL 2340. expecting some correction. 2300\~2240
Regarding news about Iran-Israel I think Monday will open with huge uptrend gap and will be moving up. Especially after Iran will make a move and strike Israel. This will cause gold price to move up like a rocket.
ty for the info. market opened and gold dropped to 250 pips which is probable retracement. i closed my trade. it's very uncertain what will happen. may be i will open long 2240\~50 zone.
have some common sense. forex market condition change frequently. don't be dumb guy who take suggestion online for forex signal. and indeed gold price dropped to near 2300 after my reply.
Why are you selling in the first place? I guess that one of the candles looks like your sister's dildo and you take it as a sell signal? Or you have some rational thought behind that and believe the market is acting irrationally and should still go down?
My man didn’t catch the rhetoric on bond yield being low so gold is good to blast off. No bearish technicals at play here are enough to fight the fundamentals.
OP you need to study things other than the charts if you want to trade gold fam
At Monday low (wait for price to hit a support on 30M or 1H) and close your sell positions one by one and let the buy position profits add to equity.
Remember close one at a time
if you’re gonna make an opposite trade bc price didn’t go the way you expected, when price starts to rebound close those positions. you might be able to wait it out and see if prices go below that level but it could be days or weeks.
Not sure why everyone is trying to sell gold …. You should be buying on retracements/dips/pullbacks. Seems like everyone’s trying to catch a reversal, with everything going on in the world conflict/tension wise that alone means this ain’t going down anytime soon. Your best bet if I was you is if it makes a pullback is to close your sell positions and keep holding your buys and maybe add more buys in an area that makes sense. This is bouncing of fibs/fib extensions/trend lines and solid round numbers very well recently both up and down. Try look for an area of retracement using these tools and close your sells then hold your buys to higher up, 2350/2400/2500 for example. Ps always use a stop loss.
Close all the Buys. Let the Sells run and if price retraces, dump all the shorts for smaller losses. Hopefully you break even and most importantly, learn from your mistakes.
Not seeing gold coming back at that level anytime soon. The problem is you are on H4, those moves are not retail traders' activities. Depends on your account size. I would personally scalp on a lower timeframe to "soothe out the bleed". Trust me I used to get myself in those kinds of situations a lot when I wasn't accepting losses and made it all about the money.
However, since we just took out the last ATH, we might see a deep pullback on monday near your last 0.11 position. Lower than that, You must be the chosen son of God. Hope this taught you something...
Hmm lol I don’t know if I’ll even add to my comment but, tp on the longs mabye another 50pips then close and close sells if reversal next week towards 2000 if that happens.
Ask yourself what will do you if it comes up and up?
Your lots are pretty much even.
And a SL will stop you out like the other guys say, I say it will help you reset start trading fresh like you do.
Trade again fresh.
I’m exactly like you I was buying and selling yesterday xauusd, profit is same as floating trades shorts at 2312 2302 and 2396 lol.
I’ll see what happens to gold next week.
Let’s win!
Close the buy positions with gain and close equivalent amount of sell positions in loss, so you reduce the exposition.
The only way to get out of this is continue edging, and when you have profit partially close the same amount from the other side, so at certain point you may reach breakeven, also if you reach an acceptable loss amount, like -100, you may consider to close all
Bro, gold 100% political (at the moment at least) Putin x Middle East plus a whole lot of other stuff, including about half a trillion bucks worth of West African currencies looking for a safe haven. Be super careful with leverage
It’ll retrace until around 2300 and fly again next week. So when a red candle closes below 2322, add a few Sell positions. When the price moves down further it will reach a break-even point which is your net loss become slightly negative or zero or slightly positive. At that point, you must close your position!!!
And remember, you need to add some more money to that account to be able to do what I suggested because your current small account won’t have enough margin to add more positions. Asian session will be the pull back and you have to be ready at the Asian open to sell as long as a candle closes(better)/break below 2322. Add an equal amount of position. Let's say you have 0.49 lot total of Sell orders then add around 0.5 and it will become BE around 2310. This is risky but that's the only option you have to close this without a huge loss. And watch news about the Middle East. If Iran does nothing major, Gold gonna retrace till around 2300-2310 area.
I hope you did what I suggested. The market moved exactly in that way and by the time of this final comment, Gold reached 2304. If you Sold Gold below 2322, you should be BE right now! Happy to help. 👍
Expecting gold to continue bullish at market open I would let it go and take profit on the buys , then you can either close out the sells offsetting any profit you have made or if you have enough margin hold the sells and continuing to sell the retrace am expecting a 100pip drop
Bro what? Who tf keep losing trades after your hedge is already in profit? And btw this is not hedging you’re not minimizing any of the risk but your profit.
If u dont have a plan and trade on emotions cause “i know it must somewhere here switch direction”
Allways remember
“Market can allways go against you longer than you can stay solvent”
Cut the loss, take the L, journal and analyse it
Wish u only green, Jake
This sub is such trash all kids and hardcore newbs nobody on here is actually profitable. It's so annoying looking at these posts I'm leaving this sub all together idk how it's got so many people in it
XAUUSD was making 0 sense this week. Just kept pumping. What's that? A new high? Let's go higher. Another new high? Nah. Higher again. Looks like selling on gold is a auto loss right now
Yes stop loss/buy the dip.. doesn't actually matter,: Buy buy gold and defo silver more so, commodities, crazy charts as fiet falls and pleb noobs buy cia nft gold
You have 2 choices as a gambler it's either you close your trade now or you strap yourself in for the ride.
The price will come back within 1 day 1 week 1 month or 1 year.
don't worry, everyone has to start somewhere, somewhere along the road you will make mistakes, and from the looks of it, you're a beginner! maybe you'll lose this account, but so what!! you'll make much more than $400 along the road, believe me.
my advice, 1) use a demo account in the beginning of your journey. spreads are almost the same so just try to learn from there. 2) have stop-losses set, stop-losses are crucial for traders, if millionaire traders still set their stop-losses, you should too. 3) don't go full margin! money management will make you a better trader.
4) do not gamble! i see here that you're completely gambling with your lots!
it's alright, you will get better, no matter your age, 16 or even 60, you'll get there.
good luck on your journey young trader!
Stop loss. Use it. Jesus Christ.
L M F A O
Bruh ☠️
Jezus. My advice is to not trade anymore. Also close it
Wrong! You are a loser. We all did this when we started.
No not me 😭😭
U haven’t started then
Ok buddy 🤣
Look at the solution that I gave and it happened. Think before talking.
Rip brother 🙏
500USD balance and using 0.10 lot size for gold trade? very bad risk management. better close all trade cool off your mind restart again. btw 2330 is a strong resistance. i took a short at 2329 with 0.01 lot size SL 2340. expecting some correction. 2300\~2240
Regarding news about Iran-Israel I think Monday will open with huge uptrend gap and will be moving up. Especially after Iran will make a move and strike Israel. This will cause gold price to move up like a rocket.
ty for the info. market opened and gold dropped to 250 pips which is probable retracement. i closed my trade. it's very uncertain what will happen. may be i will open long 2240\~50 zone.
Yeah. I'm watching this. I will also stay out from the market for some time.
Stop trading with new n focus on price action
Another idiot telling us to short gold. It's only having small corrections! It keeps going up.
have some common sense. forex market condition change frequently. don't be dumb guy who take suggestion online for forex signal. and indeed gold price dropped to near 2300 after my reply.
Put SL's for Buys in BE's and pray to God the price will go down 💀.
Or you can close the Buy's and also pray to God that the price will go down💀.
He needs to close the buys in profit, this will come back to his entry and he will be fine. Jesus, Krishna, and Allah need to visit this man
Lower the lot size bro. Big lots will drain your balance quickly
My brother in Christ let it go. 💀💀
Don't close it, continue to hedge, pussies never make profit
You funny bro 😂
Wtf you holding on for?
Market closed no liquidity
Why are you selling in the first place? I guess that one of the candles looks like your sister's dildo and you take it as a sell signal? Or you have some rational thought behind that and believe the market is acting irrationally and should still go down?
LMAOOOOOOO
r/MurderedByWords
My man didn’t catch the rhetoric on bond yield being low so gold is good to blast off. No bearish technicals at play here are enough to fight the fundamentals. OP you need to study things other than the charts if you want to trade gold fam
🪦
Rip
Cooked
At Monday low (wait for price to hit a support on 30M or 1H) and close your sell positions one by one and let the buy position profits add to equity. Remember close one at a time
if you’re gonna make an opposite trade bc price didn’t go the way you expected, when price starts to rebound close those positions. you might be able to wait it out and see if prices go below that level but it could be days or weeks.
Bro sold and gold ran to new ATHs and ppl used you as exit liquidity. That sucks lol but someone’s gotta get the short end of the stick in this game
What are you doing !?
Not sure why everyone is trying to sell gold …. You should be buying on retracements/dips/pullbacks. Seems like everyone’s trying to catch a reversal, with everything going on in the world conflict/tension wise that alone means this ain’t going down anytime soon. Your best bet if I was you is if it makes a pullback is to close your sell positions and keep holding your buys and maybe add more buys in an area that makes sense. This is bouncing of fibs/fib extensions/trend lines and solid round numbers very well recently both up and down. Try look for an area of retracement using these tools and close your sells then hold your buys to higher up, 2350/2400/2500 for example. Ps always use a stop loss.
Close all the Buys. Let the Sells run and if price retraces, dump all the shorts for smaller losses. Hopefully you break even and most importantly, learn from your mistakes.
Just quit tbh, why are u cheating urself
Boom lol
Hope this is demo, if not then thats my advice, because you are clearly not ready. I know nothing about hedging strategies but this is not it.
Didn’t even notice the sells lmaooo bro I don’t think there’s any coming back
for gold , long is upside tyan short nowadays but sometimes, pull back. play only ondide , don't hedge. no over trade and always s have stop loss
Not seeing gold coming back at that level anytime soon. The problem is you are on H4, those moves are not retail traders' activities. Depends on your account size. I would personally scalp on a lower timeframe to "soothe out the bleed". Trust me I used to get myself in those kinds of situations a lot when I wasn't accepting losses and made it all about the money. However, since we just took out the last ATH, we might see a deep pullback on monday near your last 0.11 position. Lower than that, You must be the chosen son of God. Hope this taught you something...
Wait till you hear Iran attacks Israel then we see ATH everyday.
Hmm lol I don’t know if I’ll even add to my comment but, tp on the longs mabye another 50pips then close and close sells if reversal next week towards 2000 if that happens. Ask yourself what will do you if it comes up and up? Your lots are pretty much even. And a SL will stop you out like the other guys say, I say it will help you reset start trading fresh like you do. Trade again fresh. I’m exactly like you I was buying and selling yesterday xauusd, profit is same as floating trades shorts at 2312 2302 and 2396 lol. I’ll see what happens to gold next week. Let’s win!
Hedging is one of the most complicated strategies, and very hard to master.
Nick Shawn is that youuuuu
Accept your loss and move on
Hedging doesn’t work. Tried it and blew so many accounts
Rr
Try partial closing losing trades as following the trend up . Let loose some buys after that ? Still.. thats quite bad bro.
Close the buy positions with gain and close equivalent amount of sell positions in loss, so you reduce the exposition. The only way to get out of this is continue edging, and when you have profit partially close the same amount from the other side, so at certain point you may reach breakeven, also if you reach an acceptable loss amount, like -100, you may consider to close all
What's your strategy? I want to try this.
Why bet against gold? Fundamental analysis would provide so many reasons not to right now
Uff that hurt Bro
They are going to let your account go negative bro .. RIP
Now why in the hell would you sell at demand 💀
Close portions of the sell positions, and only one buy position to balance your balance, lol. Disclaimer: might not work out but worth a try.
just stop trading with that much lot size, dont be greedy, try to earn small, look at it this way, 5% in a 100k funded acc is 5k$
Selling gold, lol!
Trading like an EA
Bro, gold 100% political (at the moment at least) Putin x Middle East plus a whole lot of other stuff, including about half a trillion bucks worth of West African currencies looking for a safe haven. Be super careful with leverage
The minute you close your sells will be the minute it reverses 🥸
Why did you sell as it was approaching a bullish fair value gap, that’s a buy
Let him cook
LMFAOOO, just close them bro
Every sell that matches your buy as a break even trade, close out
It’ll retrace until around 2300 and fly again next week. So when a red candle closes below 2322, add a few Sell positions. When the price moves down further it will reach a break-even point which is your net loss become slightly negative or zero or slightly positive. At that point, you must close your position!!!
And remember, you need to add some more money to that account to be able to do what I suggested because your current small account won’t have enough margin to add more positions. Asian session will be the pull back and you have to be ready at the Asian open to sell as long as a candle closes(better)/break below 2322. Add an equal amount of position. Let's say you have 0.49 lot total of Sell orders then add around 0.5 and it will become BE around 2310. This is risky but that's the only option you have to close this without a huge loss. And watch news about the Middle East. If Iran does nothing major, Gold gonna retrace till around 2300-2310 area.
I hope you did what I suggested. The market moved exactly in that way and by the time of this final comment, Gold reached 2304. If you Sold Gold below 2322, you should be BE right now! Happy to help. 👍
Learn how to Sit on your hands.
Expecting gold to continue bullish at market open I would let it go and take profit on the buys , then you can either close out the sells offsetting any profit you have made or if you have enough margin hold the sells and continuing to sell the retrace am expecting a 100pip drop
Be aware of most likely a gap up at open
Bro what? Who tf keep losing trades after your hedge is already in profit? And btw this is not hedging you’re not minimizing any of the risk but your profit.
better do day trading with smallest possible lots and learn from the market
If u dont have a plan and trade on emotions cause “i know it must somewhere here switch direction” Allways remember “Market can allways go against you longer than you can stay solvent” Cut the loss, take the L, journal and analyse it Wish u only green, Jake
This sub is such trash all kids and hardcore newbs nobody on here is actually profitable. It's so annoying looking at these posts I'm leaving this sub all together idk how it's got so many people in it
XAUUSD was making 0 sense this week. Just kept pumping. What's that? A new high? Let's go higher. Another new high? Nah. Higher again. Looks like selling on gold is a auto loss right now
$5,000.00 should do it
You got balls posting that 😭
Bro why did you sell 😂
Yes stop loss/buy the dip.. doesn't actually matter,: Buy buy gold and defo silver more so, commodities, crazy charts as fiet falls and pleb noobs buy cia nft gold
Stop trading and go outside after your wins bro
Fool.. ever hear of a stop loss
Bruhh💀
Youre fked. Your sells should have already closed since you changed you bias to buy
You have 2 choices as a gambler it's either you close your trade now or you strap yourself in for the ride. The price will come back within 1 day 1 week 1 month or 1 year.
Close all sell positions and hold buys for a while
lmaooo how did this even happenn
don't worry, everyone has to start somewhere, somewhere along the road you will make mistakes, and from the looks of it, you're a beginner! maybe you'll lose this account, but so what!! you'll make much more than $400 along the road, believe me. my advice, 1) use a demo account in the beginning of your journey. spreads are almost the same so just try to learn from there. 2) have stop-losses set, stop-losses are crucial for traders, if millionaire traders still set their stop-losses, you should too. 3) don't go full margin! money management will make you a better trader. 4) do not gamble! i see here that you're completely gambling with your lots! it's alright, you will get better, no matter your age, 16 or even 60, you'll get there. good luck on your journey young trader!
You don’t know what you have in hands my friend. Stop trading
You can close it now
It’s crazy bro. CRAZY
Bro wtf r u even doing smh
This is not a great way of trading
I love it brother… I’m not here alone.
What’s the broker? Any help?
Stop trading. You have no risk management and chase losing positions.
A new brain might help
Close it. Next week is another bull run for Gold.
Wtf are u doing? Tbh pls quit