If you are scalping, your SL needs to be small. And exit quick.

Gold Mining - Using Each Trading Day's Trend

Often, that feeling is correct. You just need to know where will you exit.

Gold Mining - Using Each Trading Day's Trend

Nice entry

Gold Mining - Using Each Trading Day's Trend

1572.28 is broken, will price come to 1529.23? Honestly, I doubt, but you never know. image

Gold Mining - Using Each Trading Day's Trend

Now, I'm waiting to see where the next resistance will be, if we have one. Maybe 1585?

Gold Mining - Using Each Trading Day's Trend

I entered sell at 1586.90 chickened out and exited it just before this fall.

Gold Mining - Using Each Trading Day's Trend

Thanks man. Your analysis, trading and sticking with the plan are also amazing.

Gold Mining - Using Each Trading Day's Trend

Yeah, sometimes nothing happens for hours and then we have big moves and again consolidation. I sold Gold today as written and closed it at 1582.44, now waiting for price to confirm resistance 1588/1577 again for another sell down to 1572. I hope we ...

Gold Mining - Using Each Trading Day's Trend

Morning all. I think bears will continue dominating this day as well. If price breaks 1588.72, next target is 1593.80. Also possible 1605.17 But I don't see the strength. If not, down to 1572.28 again, and possible down to 1529.23 image

Gold Mining - Using Each Trading Day's Trend

Me to, somewhere in that area with TP 1615

Gold Mining - Using Each Trading Day's Trend

Pull back up to 1634?

Gold Mining - Using Each Trading Day's Trend

Yeah, this was huge burst Are you still in your trading?

Gold Mining - Using Each Trading Day's Trend

Like the attitude

Gold Mining - Using Each Trading Day's Trend

Let's do it together!

Gold Mining - Using Each Trading Day's Trend

Hang on man. I'm still waiting 1648.21, price is so stubborn.

Gold Mining - Using Each Trading Day's Trend

Today I'm selling Gold. I'm expecting price to hit 1648.21 (76.4% WR) again. Enter sell there with TP down to 1615.32 (100% WS) until tomorrow. SL 15-20 pips image

Gold Mining - Using Each Trading Day's Trend

Nice catch...

Gold Mining - Using Each Trading Day's Trend

I won't be surprised if price comes to 1674.82 (38.2% WR) with possible spike up to 1679.89 (50% WR). With that spike it fulfilled its daily range. Short there with TP 1658.37 (100% WS) image

Gold Mining - Using Each Trading Day's Trend

Update image

Gold Mining - Using Each Trading Day's Trend