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BiteFX commented Mar 9, 2020Most times price has gone far before you realise the pattern that is forming. My take, study the price movement on the chart from left to right like a story book, then you will know what to do next. Simple.
How To Trade The Head & Shoulders Pattern
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BiteFX replied Mar 9, 2020This is the way I am seeing Gold... Going up is a fight against Gravity, while coming down is a Free Fall.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 9, 2020I thought you did... 'cos, Bears are really having fun today. If my sell limit is not hit, I'll stay aside until tomorrow's parameters are set.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 9, 2020Did you get along with the first Long this morning?
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 9, 2020The daily bias for me simply means who is going to win or who won the fight for the day. Bulls or Bears?
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 9, 2020I understand there is something called the overall trend... But overtime, I have come to see that each day has a bias. And this is the basis of my trading style. Once my parameters are set, I follow the bias it gives me... Entries and Take Profits ...
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 9, 2020Alright, Long or Short, money must be made bro. I've got a serious short waiting for them...at 1S.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 9, 2020Good morning Skoljkica... Welcome... let's make some money...
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 9, 2020Gold is almost there... Head and Shoulders chart patter should be completed at 1S. Then a bigger down move following...Seeing that Gold has reached the 1700 psych level, more drama underway.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020All markets are risky... But, I find Gold to be the easiest of all. It is not easily manipulated. And it respects Fibo levels a lot. I am a Gold Miner... We Stay Alive
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020All trades closed at Resistance R. for a good profit. But, Friday's trades had to be closed for small 50 pips each. This is because I expect a pull back to 1st Sell.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020I expect a bullish pull back at Pivot P-1672.84. Then a sell Limit awaits at 1st Sell.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020MattZanander... both of us can never see the chart from the same point of view always. But, as long as we are making money, we on the same page.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020Alright, Gold now trading on the right side of the bullish trendlines. I hope to see a solid head and shoulder chart pattern. The right side should be forming at 1st Sell.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020MattZander... you're funny. I like the way you mix fun with trading. You're really welcome here..
Gold Mining - Using Each Trading Day's Trend
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BiteFX commented Mar 8, 2020Ouk... It's better than a recession. Ouk.
Fed slashing rates to zero is more likely than a recession, Barclays’ top economist says
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BiteFX replied Mar 8, 2020Gold has reached it's 1700 level. To the top, this is a Psychological Resistance. We should expect more drama from here.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020Ctrl B opens object list... Then, input the following for today. (Parameters corrected) BEARISH FIBO- 1674.954, 1670.735 BULLISH FIBO- 1670.735, 1674.954 PIVOT- 1672.84
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020Once Price starts to trade on the right side of those bullish(Green) trend lines, we should see some down side movement. Other wise, no peace for sellers.
Gold Mining - Using Each Trading Day's Trend
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BiteFX replied Mar 8, 2020I had some shorts running from Friday that I didn't close in time. So, with today's gap up I have some chances of closing them with a profit if the gap(window) is closed. Nothing is 100% in Forex. Anything is possible!
Gold Mining - Using Each Trading Day's Trend