I was really unhappy yesterday with silver moving opposite to gold or not moving at all, but right after my post it moved and moved really good. I closed yesterday's trades in small profit and tried to sell it at a higher price but it is not moving much right now therefore i have closed these trades as well. I will trade in U.S session now. Here is picture of my closed trades with order number lot size, closing opening prices etc.
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Placing buy order in Silver with 3.8 Lots. Desired target is 15.07 but minimum 14.95. I have used SL for this trade because both gold and silver have been moving in range and its about time to break this range in either direction. Risk on this trade is around 1500$ which is about 25% of total equity.
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Request to all team mates. Please guide each other. Your opinion is always welcome, do tell me if i am making any mistake in my trades or share any thing important if i am missing it in my trades. thank you. I have tried to communicate several times but none of you responds.
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I made a mistake, i was trying to move stop loss into profit but mouse click grab was un-grabbed mistakenly near current price. Surprisingly instantly price touched it and jumped back up again. This was a really good entry, i am feeling really bad about it. Selling it now is a very bad idea, i think we should look for a downward retracement and get along with the bulls once again. Trade was closed by hitting stop loss with a profit of 1007$.
Yesterday was overall profitable with a one trade in loss. All my trades are scalping trades for which i use either M5 or M15 to see the next possible direction of price but for exiting market i use H1 or H4 to see a strong demand and supply area. Current Balance is 6990$, i will trade only if there is good movement in silver, otherwise i will stay aside. There is plenty of time, so no need to take unnecessary risk. Let Crypto team make mistakes and wipe out there balances. Here is my full trade history.
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My view on Silver for my team mates
Silver is about to explode, i don't move this market therefore i don't know when will it happen and in which direction it will move. I am long therefore i want it to move upwards but nobody knows for sure. My advice to all of you is to trade with care or don't trade at all. Use stop loss or give some margin to your account to survive a breakout. Good luck to all of you.
Hello i did a few trades yesterday and today. As i said 2 days ago silver is moving in range and i will keep getting profits if it keeps moving in this range. Profits are not big enough but still good enough to keep me in the competition. All my trades are scalping trades i have shared a chart for silver range and my trade history for 2 days.
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Keep buying and selling in this box and use stop loss outside the box. I can guarantee you will not lose your balance. This is what i have been doing. I faced a stop out and lost more than 4000 but still my balance is close to 9000.
I am expecting silver to go up but going simply up is too simple, everyone can predict it and can earn money from it. For me it has to show a fake breakout downside first and then go up. Therefore i have place a buy limit order at price 14.74 which is now active. Lets see where it goes :)
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XAGUSD
Order # 1
Terminal Order # 230022908
Vol: 2.0
Entry: 14.669
Order: Buy
Order # 2
Terminal Order # 230022948
Vol: 1.0
Entry: 14.669
Order: Buy
Order # 3
Terminal Order # 230028177
Vol: 0.01
Entry: 14.677
Order: Buy
Order # 4
Terminal Order # 230028193
Vol: 0.4
Entry: 14.679
Order: Buy
Order # 5
Terminal Order # 230066871
Vol: 0.3
Entry: 14.714
Order: Buy
Order # 6
Terminal Order # 230073928
Vol: 1.0
Entry: 14.785
Order: Buy
Entry: Price was at lowest level of that day. Entry looked good, and i wanted to get more profit from this level therefore i opened more orders when i could.
Closed manually all orders at 14.798. Result +1290, +645, +6.05, +238, +126, +65
Exit: Happy with profits
I am not sure it was any news or market was moving rapidly at itself at that time. I was just watching the charts. I opened a few buy and sell orders and closed them very quickly because i was very worried about market XAGUSD movement
Order # 7
Terminal Order # 230078831
Vol: 1.0
Entry: 14.788
Order: Sell
Exit: 14.780
Order # 8
Terminal Order # 230081750
Vol: 5.0
Entry: 14.780
Order: Buy
Exit: 14.783
This is my trade performance for 13/5/2019.
XAGUSD
Order # 1
Terminal Order # 230210815
Vol: 5.0
Entry: 14.792
Order: Sell
Exit: 14.744
Entry: I woke up and found XAGUSD at about same price where i left it yesterday. Hoping it will move back where it came from i sold it. I am not very good at reading charts therefore i will not pose to be. It was just a hint nothing more.
Result: +1200
Exit: Price halted too much and i feared losing this good profit.
Order # 2
Terminal Order # 230246527
Vol: 5.0
Entry: 14.749
Order: Buy
Exit: 14.805
Entry: Price halting, hinting it will change direction, i opened opposite trade.
Exit: Price reaced previous level.
Result: +1400
Order # 3
Terminal Order # 230260637
Vol: 5.0
Entry: 14.809
Order: Sell
Exit: 14.793
Order # 4
Terminal Order # 230278753
Vol: 1.4
Entry: 14.821
Order: Sell
Exit: 14.793
Entry: I Opened 2 more orders for sell hoping same thing, price moving back to its origin.
Exit: I realized i was being greedy. Profits were enough for a day. Therefore i closed both orders.
Result: +400, +196
Order # 5
Terminal Order # 230289839
Vol: 5.0
Entry: 14.803
Order: Buy
Exit: 14.816
Order # 6
Terminal Order # 230291888
Vol: 5.0
Entry: 14.814
Order: Sell
Exit: 14.804
Order # 7
Terminal Order # 230311294
Vol: 2.0
Entry: 14.802
Order: Sell
Exit: 14.79
Entry & Exit: Unable to control myself i did scalping but luckily i got out in time.
Result: +325, +250, +130
This was my trade performance for 14/5/2019.
XAGUSD
Order # 1
Terminal Order # 230352360
Vol: 5.0
Entry: 14.793
Order: Buy
Exit: 14.842
Entry: XAGUSD looked really strong and it was looking to cross 15.0 i was so sure that i could buy it with really money too.
Result: +1225
Exit: My plan from the start was to get profit and let the market go in any direction it wants to. We can always earn later.
Order # 2
Terminal Order # 230389436
Vol: 6.0
Entry: 14.851
Order: Sell
Exit: 14.824
Entry: Just check if it will go down for a few ticks or not.
Exit: As mentioned in entry reason, i was just checking if it will go down or not. It made a sudden move down. I decided to get along with it but after some time i closed it. It was in +3000 profit but i was sleeping at that time.
Result: +810
Order # 3
Terminal Order # 230464813
Vol: 6.0
Entry: 14.781
Order: Sell
Exit: 14.789
Entry: Hoping it could go down to test this week's low.
Exit: No confidence in market. Weak movement.
Result: -240
This is my trade report for 15/5/2019.
XAGUSD
Order # 1
Terminal Order # 230542299
Vol: 2.0
Entry: 14.8
Order: Sell
Exit: 14.789
Order # 2
Terminal Order # 230567999
Vol: 8.0
Entry: 14.785
Order: Buy
Exit: 14.788
Entry: Just checking nothing else.
Exit: When i buy it i think it will move down suddenly, and when i sell it i start fearing it will be going up.
Result: +110, +120
This is my progress so far. Total profit is 8203.01 and balance is 13203.01. I have a mobie which i m using for trading and posting this report. I do not use any lind of indicators on my charts thata shy i did not poat any image. I request moderators to orgice this delay in posting repiort because of no computer it is really difficult to post and xheck mistakes on small screen. I will try to post on time from now on.
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Too bad, too bad. I used stop loss in most of my trades when market volatility was not fierce and did not used it when it mattered most. This move was expected but at this scale i didn't imagine it, there must have been a stop loss. I am very sad and angry at myself and i am not even opening trading terminal. I will see how it plays and might close trade to recover loses.
Unfortunately, the past period has never been good for me, but we can say it's bad. My account has been exposed to a significant loss of almost half of the account as a result of the rush and neglect of capital management. I hope to be able to compensate for the loss of the period and to have strong movements of the market so I can return to the competition.
Unlucky and stupid both at the same time. I managed to get another stop out. Silver fell really bad and i lost 5900$ because of stop out. I had a stop loss in place but i made a mistake in calculation and used wrong price for stop loss.Originally Posted by kamran
I opened another buy hoping silver will recover quickly but this trade didn't go well. i had to close it yesterday in 750$ loss. I did this so that i don't stuck in this trade and help myself recover losses by doing scalping. I have still 2200$ loss to recover and reach initial balance of 5000$. Some trades did well for me but last trade is currenly in loss. Here are images of current trade and trade history of las 2 days.
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