Spiderman chart analysis shows the Head and Shoulders chart pattern clearly... Being tilt to the left a little. And it is very big on the screen. Neckline already broken downwards. It's literally calling out all the Bears in the world: come and sell!

Gold Mining - Using Each Trading Day's Trend

Thanks Skoljkica man.

Gold Mining - Using Each Trading Day's Trend

I am always wrong until the market says I am right.

Gold Mining - Using Each Trading Day's Trend

Of course market does not move in a straight line... It ebbs and flows.

Gold Mining - Using Each Trading Day's Trend

Market price currently at P. Another re-entry for Bears who missed the early morning show. I Stay Alive...

Gold Mining - Using Each Trading Day's Trend

In your studies, you will find out that 61.8 is the golden Fibo number and that when price breaks this level, you are adviced to look for trade opportunities in that direction... Hence the name Breakout.

Gold Mining - Using Each Trading Day's Trend

So, instead of using normal Fibo numbers, I decided to use these letters after close observation... Being placed on my chart they tell me a story from left to right. And help me make informed trading decision.

Gold Mining - Using Each Trading Day's Trend

@Coconutbarn...R,P,S,B,V, 1/2/3/4S, 1/2/3/4B. RESISTANCE-R PIVOT-P SUPPORT-S BREAKOUT-B REVERSAL-V 1/2/3/4 SELL 1/2/3/4 BUY

Gold Mining - Using Each Trading Day's Trend

My pleasure...

Gold Mining - Using Each Trading Day's Trend

Gold heading to S-1626.66...But, I am still learning to manage my greed level. So, I am thinking of holding this trade until B-1607.58

Gold Mining - Using Each Trading Day's Trend

Meanwhile, let's make some money today.

Gold Mining - Using Each Trading Day's Trend

Thanks for the compliment Coconutbarn...I am flattered. How I got tweaked and set up? Answer...Curiosity and Observation. The answer may not be what you expect, but, that's it if you want to create you own system. While studying a material, I look ...

Gold Mining - Using Each Trading Day's Trend

1650 psychological level was retested following yesterday's breakout.. More to the down side.

Gold Mining - Using Each Trading Day's Trend

Gold may retest 1650 psychological level to the upside before tearing down...I'm already in.

Gold Mining - Using Each Trading Day's Trend

Fibonacci Parameters. BEARISH FIBO-1655.54, 1626.66 BULLISH FIBO-1626.66, 1655.54 PIVOT-1641.60 Download template from 1st page, 1st post.

Gold Mining - Using Each Trading Day's Trend

Sell limit already activated...I Stay alive!

Gold Mining - Using Each Trading Day's Trend

And...I am always wrong until the market says I am right.

Gold Mining - Using Each Trading Day's Trend

After thought... This trade may be a 1R=1R at S-1626.66 or 1R=2R at B-1608.19. Nothing among my parameters is giving Bulls a chance of survival today. But, this is Forex, anything is possible! I Stay Alive

Gold Mining - Using Each Trading Day's Trend

Thursday, March 12, 2020. Yesterday Bears ate Bulls for Lunch and Dinner after much stubbornness on the path of the Bulls. Today, both Green and Red trend lines are facing downwards. This signifies more power to the Bears. With a very big Head and ...

Gold Mining - Using Each Trading Day's Trend

Thanks man...Let's Stay Alive for tomorrow.

Gold Mining - Using Each Trading Day's Trend