Guys, this candle pattern is matching the previous setup. Maybe we may see more fall from here. 📉
Maybe we’ll have to exit this trade if the weakness continues. ⚠️
Maybe we’ll have to exit this trade if the weakness continues. ⚠️
Guys, Gold and Nasdaq are falling today mainly because the Dollar is moving strongly upward. If you look at the Dollar chart, it has been strong since the morning. At the same time, Crude Oil has also moved up significantly.
Gold and Crude Oil are currently facing strong resistance. If the Dollar breaks this resistance and continues moving higher, we may see more downside in Gold and Nasdaq.
Regarding the Nasdaq trade we took today, our analysis was correct. There was no mistake in our strategy—we took the trade exactly according to the strategy, but this time the strategy failed. We cannot do anything about that because no strategy works 100% of the time. If a strategy has around 70–80% accuracy, the remaining percentage is always the possibility of a losing trade.
So, we can consider today's Nasdaq trade as a strategy failure. Previously, most of the Nasdaq trades we took were profitable, but this particular trade went into loss. I also took a good amount of quantity—around 5–10 lots on my raw account, and 0.25 lot on my daily account. Both positions are currently around the stop-loss area, and the SL may get hit.
Now, coming to Gold—if you look at the chart, I marked a purple zone and clearly mentioned “DON'T BUY.” I don't want anyone taking a buying trade from that zone because there is liquidity sitting there, and I expect price to sweep that liquidity and move downward.
After that, I expect price to come toward the Daily Controlling Demand Zone that I marked. Once price reaches that zone, we can wait for a strong confirmation candle on the 30-minute, 1-hour, 2-hour, or 4-hour timeframe. If we get strong confirmation there, we can look for a long opportunity toward the opposite supply zone.
As far as today's overall position is concerned, I am also in loss. The Gold trade I gave earlier was actually correct and could have given us a very good profit. But honestly, I regret telling everyone to trail the SL to cost-to-cost. If we had not moved the SL to cost-to-cost, we could have seen around $700–$800 profit. The target was actually reached, and both the first and second targets were achieved, but because we moved the SL to cost-to-cost, we had to exit around breakeven.
So yes, today's overall result is a loss. The first trade of the day was also a loss, and now the Nasdaq trade is also around the SL.
And if you look at the current week, things haven't been going very well for my trades. We are seeing more losses and less profit this week. But if you check the data from the last one or two months, we have made very good profits overall.
Guys, remember one thing: your strategy will not work every single day. For example, if your strategy works around 15 days out of 20 trading days and fails on the remaining 5 days, those 5 losing days are completely normal.
That's why the safest approach is to reduce your trading on the days when the strategy is not performing well. Even I am currently giving fewer trades in the group compared to before. I am taking things slowly and giving very limited trades.
And if you have been following my trades for the last 1–2 months, then even if you face some losses this week, it's not a big issue because we already made very good profits in the previous weeks.
Whatever profit we made previously, a small portion of that profit is now being given back to the market this week. That's part of trading.
As of today, I am personally running around $1,000 in loss, but this does not change the bigger picture. We have to respect the strategy, manage risk, and understand that no strategy wins every single trade.
Gold and Crude Oil are currently facing strong resistance. If the Dollar breaks this resistance and continues moving higher, we may see more downside in Gold and Nasdaq.
Regarding the Nasdaq trade we took today, our analysis was correct. There was no mistake in our strategy—we took the trade exactly according to the strategy, but this time the strategy failed. We cannot do anything about that because no strategy works 100% of the time. If a strategy has around 70–80% accuracy, the remaining percentage is always the possibility of a losing trade.
So, we can consider today's Nasdaq trade as a strategy failure. Previously, most of the Nasdaq trades we took were profitable, but this particular trade went into loss. I also took a good amount of quantity—around 5–10 lots on my raw account, and 0.25 lot on my daily account. Both positions are currently around the stop-loss area, and the SL may get hit.
Now, coming to Gold—if you look at the chart, I marked a purple zone and clearly mentioned “DON'T BUY.” I don't want anyone taking a buying trade from that zone because there is liquidity sitting there, and I expect price to sweep that liquidity and move downward.
After that, I expect price to come toward the Daily Controlling Demand Zone that I marked. Once price reaches that zone, we can wait for a strong confirmation candle on the 30-minute, 1-hour, 2-hour, or 4-hour timeframe. If we get strong confirmation there, we can look for a long opportunity toward the opposite supply zone.
As far as today's overall position is concerned, I am also in loss. The Gold trade I gave earlier was actually correct and could have given us a very good profit. But honestly, I regret telling everyone to trail the SL to cost-to-cost. If we had not moved the SL to cost-to-cost, we could have seen around $700–$800 profit. The target was actually reached, and both the first and second targets were achieved, but because we moved the SL to cost-to-cost, we had to exit around breakeven.
So yes, today's overall result is a loss. The first trade of the day was also a loss, and now the Nasdaq trade is also around the SL.
And if you look at the current week, things haven't been going very well for my trades. We are seeing more losses and less profit this week. But if you check the data from the last one or two months, we have made very good profits overall.
Guys, remember one thing: your strategy will not work every single day. For example, if your strategy works around 15 days out of 20 trading days and fails on the remaining 5 days, those 5 losing days are completely normal.
That's why the safest approach is to reduce your trading on the days when the strategy is not performing well. Even I am currently giving fewer trades in the group compared to before. I am taking things slowly and giving very limited trades.
And if you have been following my trades for the last 1–2 months, then even if you face some losses this week, it's not a big issue because we already made very good profits in the previous weeks.
Whatever profit we made previously, a small portion of that profit is now being given back to the market this week. That's part of trading.
As of today, I am personally running around $1,000 in loss, but this does not change the bigger picture. We have to respect the strategy, manage risk, and understand that no strategy wins every single trade.
Guys, if we look at the current week overall, we are in loss. Yesterday we made a little profit, but it was not much. And if you look at today, the overall position is in loss.
Today we got a very good Gold trade and our entry was correct, but because we moved the trailing stop-loss to cost-to-cost, we had to exit around breakeven. Otherwise, that trade could have given us a very good profit.
As you can see in the screenshots I already shared, my account is currently around $700–$800 in loss today, close to $1,000. My daily trading account is also in loss today.
So, according to me, it's time to take a break. When you feel that your strategy is not performing properly, there is no need to force trades.
Remember, no strategy works 100% of the time. A good strategy may work 70–80% of the time, and the remaining trades can fail. For example, if the market is open for 20 trading days in a month, maybe the strategy works well for 15 days and doesn't work for the other 5 days. That's completely normal.
Nothing in trading is 100%. Everything is based on probability. The only 100% guaranteed thing in life is that one day, we all have to die. 😅 Other than that, nothing is 100%.
So, because my strategy is not performing well this week, I personally feel it's better to take a break. From today onward, I will probably avoid taking any major trades for the rest of this week. If I do take any trade, I may use very small quantity and very low risk.
And guys, don't wait for my trades or signals this week. Trade only if you personally see a good setup and feel confident about it.
Yes, this week is currently in loss, and I have already shared today's account results with you. But don't forget that we had a very good previous month and very good previous weeks. If you look at the last 1–2 months overall, we made really good profits.
So this week's loss is not something to be disappointed about. It's just a small part of the profit we already made. Today I am around $1,000 down, but compared to the profits we made previously, it's not a big deal.
Trading is a long-term game. Some days we win, some days we lose. The important thing is to protect the capital, stay disciplined, and come back stronger. 💪🔥
Take the loss, learn from it, take a break, and come back with a fresh mindset. ❤️🔥
Today we got a very good Gold trade and our entry was correct, but because we moved the trailing stop-loss to cost-to-cost, we had to exit around breakeven. Otherwise, that trade could have given us a very good profit.
As you can see in the screenshots I already shared, my account is currently around $700–$800 in loss today, close to $1,000. My daily trading account is also in loss today.
So, according to me, it's time to take a break. When you feel that your strategy is not performing properly, there is no need to force trades.
Remember, no strategy works 100% of the time. A good strategy may work 70–80% of the time, and the remaining trades can fail. For example, if the market is open for 20 trading days in a month, maybe the strategy works well for 15 days and doesn't work for the other 5 days. That's completely normal.
Nothing in trading is 100%. Everything is based on probability. The only 100% guaranteed thing in life is that one day, we all have to die. 😅 Other than that, nothing is 100%.
So, because my strategy is not performing well this week, I personally feel it's better to take a break. From today onward, I will probably avoid taking any major trades for the rest of this week. If I do take any trade, I may use very small quantity and very low risk.
And guys, don't wait for my trades or signals this week. Trade only if you personally see a good setup and feel confident about it.
Yes, this week is currently in loss, and I have already shared today's account results with you. But don't forget that we had a very good previous month and very good previous weeks. If you look at the last 1–2 months overall, we made really good profits.
So this week's loss is not something to be disappointed about. It's just a small part of the profit we already made. Today I am around $1,000 down, but compared to the profits we made previously, it's not a big deal.
Trading is a long-term game. Some days we win, some days we lose. The important thing is to protect the capital, stay disciplined, and come back stronger. 💪🔥
Take the loss, learn from it, take a break, and come back with a fresh mindset. ❤️🔥
This media is not supported in your browser
VIEW IN TELEGRAM
Get Your Funded Account
Link https://fundedfriday.com/?refcode=TRADINGICON
Partner Code : TRADINGICON
Discount Code: ICON10 (10% OFF)
Link https://fundedfriday.com/?refcode=TRADINGICON
Partner Code : TRADINGICON
Discount Code: ICON10 (10% OFF)