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Should we buy from this zone or wait lower postition?
saif12
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It is much safer to focus on shorting for the coming 2-3 months, going long is very risky even in hourly scale. and you can easily get yourself in trap. Gold is going down deep no question ask.
Good luck in your trade.
TheAnonymousBanker
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I think we should not get confused, by way of comparison, we have to use the same parameters: you can't compare a scalp trade in short term, with long term trade. Of course, this is just my idea ... good luck to you too!
saif12
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Of course, I fully agree with you. scalp trading is great for advanced Trader like yourself. But for new trader, it is not fun, believe me I have been there many times in the past. and if you are less than excellent trader, you do not want to trade against the bigger trend. Again, this is just my idea, with a great appreciation to yours.
Thanks
TheAnonymousBanker
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I think the difference between a professional traders and a newbie, is simply the use of Money Management (we do not look at the potential gain, but we look at the potential loss!!). Often, beginners are better professionals, but they tend to keep the loss, and they cut very fast the profits......
TheAnonymousBanker
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Watch the levels on the chart....
TheAnonymousBanker
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....for Eugene :)
jkeita
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Hi SS I am watching the levels like you said to Eugene, should we buy bas you stated I was a buy opportunity or not as I see a yellow down arrow below the 1260.27 level