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BiteFX replied Mar 10, 2020This is counter my Today's Trend...But, I guess there are times when crazy is just too crazy.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 10, 2020
Bears seem to be weak a little. So, I took a Long manually near B at 1662.73 stop loss at 1650 psychological level.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 10, 2020
I've been thinking about this, and finally I worked on it. Gold does not move randomly. Check out this price list using Fibonacci Retracement only.(Tweaked) The "big boys" don't want you to think this way. Let me have your opinions on this.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 10, 2020
Good morning Skoljkica...Thank you for your analysis.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 10, 2020
Alright, market is had a reversal at V-1651.48. This is near 1650 psychologicallevel. In case the market pulls back to our entry points, Bears are coming to destroy this level and then straight to 2B-1600.65 If it chooses to be a run away market... ...
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 10, 2020
Market order or pending order? Depending on your SL, you might be stopped out too early.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
This is because I expect a bullish pull back. Then when these are filled, we can break down wards with stop orders. Simple.
Gold Mining - Using Each Trading Day's Trend
- BiteFX commented Mar 9, 2020
Payroll tax cut good for the dollars. Adding more value and power to the king.
President Trump: Will Discuss Possible Payroll Tax Cut With Congress
- BiteFX commented Mar 9, 2020
The dread of Coronavirus has fallen on nations.
Italy extends travel restrictions nationwide in effort to contain coronavirus
- BiteFX replied Mar 9, 2020
I recommend limit orders... So, if your order is not filled, your money is safe for trading another time. And of course... You Stay Alive
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
Looks like the Head and Shoulders chart pattern is completed to me. With B-1663.48 the neckline
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
If you downloaded the template, here is the Fibonacci parameter for today. BEARISH FIBO-1682.90, 1670.90 BULLISH FIBO-1670.90, 1682.90 PIVOT-1676.90
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
March 10, 2020. Bears had their day yesterday but Bulls fought all the way to the end. Today, I'm still looking for a more down side move before the Bulls continue their movement upward. Green Trendlines are facing downwards almost parallel to each ...
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
My pleasure... I hope you grabbed some pips today brother?
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
Despite the overall trend, I trade the current day's predominate trend or directional bias. This bias is derived by certain parameters. So, where you are making money by buying, I may be by selling, and where you are selling, I may be buying to make ...
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
What I am saying is simple. A break of today's low and Friday's low means the market is making lower lows and that bears are having control. If they can't do that before today expires, they may be in trouble tomorrow.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
If bears are unable to create a new low today, they will be in trouble tomorrow.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
Ouk, easier to understand should be an hour before your broker's server closes for the day. I hope you understand this one.
Gold Mining - Using Each Trading Day's Trend
- BiteFX replied Mar 9, 2020
It is GMT+1 So, you can calculate using your own zone.
Gold Mining - Using Each Trading Day's Trend