XAUUSD who's ready for another trade?
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If you were trading with me yesterday I took you down a 6 hour tour of what XAUUSD was doing every move it made and every move I made. I am starting my prop trading test today. And yesterday was my preliminary test to see if I had my rule set down pat.
Also, to see if I can guide others through it step by step.
How many mistakes would I make?
Were they Huge or small?
Was I profitable or not?
Did I obey by the rules or not?
Could I make someone else money?
Yesterday I made 16 Trades 3 losses so around 80% Trading the last trade was really just to see if I needed to continue or not and I shouldn't have made it. Only a $50 loss across each loss.
Avg Trade was $200.
Max open lots was 8 singles at one given moment and over half were around $300.
My only regret was that I didn't catch the 90% pull back before it was too late. Need to come up with a better way for this, Which I believe I have with my new indicator that shows price under the lines. When it rotates to above it is very bullish in that moment even if all my other signals are saying its not going to turn completly or reverse me out of my trade. Had I caught it in time , I could have made profit rode it up and then back down. Which I had the trade channels set to do that if I wanted. So potentially somewhere around 3x profits or more realistically 2.25-2.5 profits because of slippage. I ended up with $2882 using singles on one move over 6 hours. Yes, I know I could have made a lot more. Another trader made 24k on the same move yesterday. However, this is new and I am trying to stay in my lane. lol
Todays Trade.... Not sure up or down yet. Im coding a indicator right now for this using chatgpt trying not to waste my day too . but its consolidating so we should be good. im late getting in I will start this now. when the market closes I will close as well but when its back up at 6pm est I will start it back up.
Also, to see if I can guide others through it step by step.
How many mistakes would I make?
Were they Huge or small?
Was I profitable or not?
Did I obey by the rules or not?
Could I make someone else money?
Yesterday I made 16 Trades 3 losses so around 80% Trading the last trade was really just to see if I needed to continue or not and I shouldn't have made it. Only a $50 loss across each loss.
Avg Trade was $200.
Max open lots was 8 singles at one given moment and over half were around $300.
My only regret was that I didn't catch the 90% pull back before it was too late. Need to come up with a better way for this, Which I believe I have with my new indicator that shows price under the lines. When it rotates to above it is very bullish in that moment even if all my other signals are saying its not going to turn completly or reverse me out of my trade. Had I caught it in time , I could have made profit rode it up and then back down. Which I had the trade channels set to do that if I wanted. So potentially somewhere around 3x profits or more realistically 2.25-2.5 profits because of slippage. I ended up with $2882 using singles on one move over 6 hours. Yes, I know I could have made a lot more. Another trader made 24k on the same move yesterday. However, this is new and I am trying to stay in my lane. lol
Todays Trade.... Not sure up or down yet. Im coding a indicator right now for this using chatgpt trying not to waste my day too . but its consolidating so we should be good. im late getting in I will start this now. when the market closes I will close as well but when its back up at 6pm est I will start it back up.
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1901.41 is being pegged on a 4hr analysis of this stock and its contributors...ملاحظة
Daily it says 1906.50 lolملاحظة
4hour 1902.19
Daily 1906.69
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Thanks you all know me well.... love the boost and we havent even cracked this open yetLETS GO!
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I'm not sure what I love more, finding a new way to create an indicator to solve a issue I want to see fixed.... or being right! lol I have the biggest grin on my face. Love making new things. This one is specifically tuned to GOLD. I love how hyper focused it is..
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1. Drop in or pop up into new trading range.
2. Identify top and bottom of channel.
3. oscilate top to bottom.
4. when buyers or sellers over power one side you will manipulation to one side or the other.
5. The reaction will be a test to the opposite side and manipulation there as well.
6. test is over when price has either successfully made out of the othersides extremity to the channel.
7. if price fails to get back in channel it finds support or resistance depending on side and makes a move to continue in that direction.
8. if it makes it back in it follows these rules:
a. if high drop low. if low go high.
b. if up it drops to bottom of channel. to test downside
c. back to mid of channel to test the upside.
d. then back to bottom to manipulate bottom
e. once outside of channel it either consolidates and is shaking out weak hands and absorbing shares . or drives down deeper to shake out weak hands again.
f. then moves back to mid
g. back to bottom of channel
h. runs to top of channel
i. if doesnt break through it runs back down to mid
j. retest high
k. drops back down to bottom of channel.
l. if manipulated bottom it most likely will do this again.
m. after succesfully breaking through to the bottom and manipulating it again.. it moves back to mid (this is called the spring in wyckoff)
n. then bottom again to retest one last time.
o. then launches to break through top of channel
p. once its through it tries to find support on the top of the channel
q. then trys to make a new high
r. then finds support on top of the last high.
s. trys to make a new high again
t. then comes all the way back down to the top of the channel (called last point of supply) Phase C
u. then makes it move to break away from the trading range. this is called phase D
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i could have the phases slightly off but the movements are solidملاحظة
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probably taking my $150 here as market will close soon. Ill set up to get in again as soon as it opens or at least stalk it until it gives me the oppurtunityملاحظة
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Nailed it ! ملاحظة
1st trade on my prop trading test. $116 Should of taken the $150.00 lol oh well curiosity killed the cat I am going to chill till market opens at 6pm unless you all have questions or want me to check something out for you?ملاحظة
Going to open a video of my chart live streamملاحظة
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added another positionملاحظة
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absorption hit againملاحظة
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Thank you everyone for the early boost it makes me feel bad to ask but i mean I called a no vol move to the upside and if you have been adding you should have around $150 thats worth a boost or two.. ;: )ملاحظة
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Yea i knew i should of closed it out this move should have another urn up but it might be cooked.ملاحظة
Slowly crawling back up if you look at the orange path i drew it should be about rightملاحظة
thanks again for all the boosts if you are half crazy and partially psychotic about being right you held here like an idiot... but clearly stop loss hunting manipulation its disgustingملاحظة
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Channel rules for the win.... if it fails to break out here it will dumpملاحظة
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we break out of this im addingملاحظة
We arent in the clear yet its gooing to look ugly here ملاحظة
if it dumps back in to the channel and heads to bottom I would consider taking the L
just be careful if they cant find shares to break free it will drop down to shake out some.
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dont et too excited but if you need a small win...lord I do.... here is one... ملاحظة
seriously you can fart and knock this guy off the lines lolملاحظة
Added here...l might be a pull back to top of channel here so be carefulملاحظة
whoa! that was painful. Outside of that, everyone you all are great we just passed yesterdays views by 150! Lets go! Thank you for all the boosts! Maybe one more for walking us through that trip through Skid row.....sketchy!
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Whoa that changed up real quick.... i guess we can say this wants to move up with certainty now... look at the candlesملاحظة
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Lets get some BOOST people Lol WTF! what a great pay offملاحظة
387 Points Whoa!ملاحظة
vol offset bullish
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Drop down to 1 when it broke the chanel it was making. lets see where it goesملاحظة
Sorry talking to a friend i havent talked to in a hot min. going to add one if this breaks for a new high but it looks like its trying to down step. so i might close my last one here... soon and wait for another signal.. pls ask any questions if you have any if you havent... Hit me with another boostملاحظة
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if it gets a lot of vol and moves back over that line I will add
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added to position again here most likely jumped the gun we will see avg vol is low like 39 push then pop might happen real quick to shake out shares and use that to launchملاحظة
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the new indicators lines are alive you can see them latch on to candles from under neath and fuel the move up. ملاحظة
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lets get some more boost going pls... another move up for profitملاحظة
Spoke to soon looks like the opposite move double top failed to make the smae high could dump here take profits if you got itif you see it move down
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