We want to enter a trade on GOLD, but each candle on the 5-minute timeframe is about 140 pips.
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The best trading lessons come from your own trades, especially the losing ones.
▪️We entered a sell trade on gold, but the stop loss was huge, 90 pips!
▪️Our trading rules clearly say: never enter a trade with a stop loss above 30 pips.
▪️But the strong momentum fooled us… and the result?
Another valuable lesson.
▪️Never break your strategy, even if you’re sure about the direction.
▪️Trading isn’t constant profit, losses are part of the game.
▪️The real skill isn’t avoiding losses… it’s losing less than you win.
▫️Discipline isn’t optional, it’s what separates amateurs from professionals.
▪️We entered a sell trade on gold, but the stop loss was huge, 90 pips!
▪️Our trading rules clearly say: never enter a trade with a stop loss above 30 pips.
▪️But the strong momentum fooled us… and the result?
Another valuable lesson.
▪️Never break your strategy, even if you’re sure about the direction.
▪️Trading isn’t constant profit, losses are part of the game.
▪️The real skill isn’t avoiding losses… it’s losing less than you win.
▫️Discipline isn’t optional, it’s what separates amateurs from professionals.
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The $4,375 Zone Marks The End Of The Bullish Wave
Remember This POST
Remember This POST
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We’ll keep saying it: GOLD prices are extremely overvalued.
We’re now in a phase of extreme optimism
Be careful, Friends… The Crash Will Be Brutal & Merciless.
We’re now in a phase of extreme optimism
Be careful, Friends… The Crash Will Be Brutal & Merciless.
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Imagine yourself in 1970
The price of gold was only $37 per ounce.
Just ten years later, it skyrocketed to $850, a 23x increase!
Back then, everyone said: “GOLD will never go down again.”
There was euphoria, optimism, economic turmoil, and endless support for GOLD as the ultimate safe haven.
But what happened next?
From 1980 to 1999, gold corrected all the way down to $251.
The dream was over.
Reality hit hard.
And today...
We’re witnessing a similar pattern, but with different tools.
Back then, it was the Internet. Now, it’s Artificial Intelligence.
Markets are once again filled with extreme optimism.
History repeats itself, only the names change.
The wise are those who see beyond the hype.
The price of gold was only $37 per ounce.
Just ten years later, it skyrocketed to $850, a 23x increase!
Back then, everyone said: “GOLD will never go down again.”
There was euphoria, optimism, economic turmoil, and endless support for GOLD as the ultimate safe haven.
But what happened next?
From 1980 to 1999, gold corrected all the way down to $251.
The dream was over.
Reality hit hard.
And today...
We’re witnessing a similar pattern, but with different tools.
Back then, it was the Internet. Now, it’s Artificial Intelligence.
Markets are once again filled with extreme optimism.
History repeats itself, only the names change.
The wise are those who see beyond the hype.
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Elliott Wave Monitor
Imagine yourself in 1970 The price of gold was only $37 per ounce. Just ten years later, it skyrocketed to $850, a 23x increase! Back then, everyone said: “GOLD will never go down again.” There was euphoria, optimism, economic turmoil, and endless support…
Please translate this text into your language & understand it well.
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