Gold Mining - Using Each Trading Day's Trend | Page 93 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #1,841
  • May 5, 2020 8:53am May 5, 2020 8:53am
Me I want to see the end of this boss battle between the bulls and the bears.
Learn... Work Hard... Trade Alone
  • #1,842
  • May 5, 2020 8:54am May 5, 2020 8:54am
Quoting BiteFX
Me I want to see the end of this boss battle between the bulls and the bears.
Am with the bears though...Let the market judge me.
Learn... Work Hard... Trade Alone
  • #1,843
  • May 5, 2020 11:05am May 5, 2020 11:05am
The market has been ranging downwards in a wide space since Yesterday(Monday).
Lets expect a breakout soon.
And most importantly...We Stay Alive
Learn... Work Hard... Trade Alone
  • #1,844
  • May 5, 2020 11:13am May 5, 2020 11:13am
Quoting BiteFX
The market has been ranging downwards in a wide space since Yesterday(Monday). Lets expect a breakout soon. And most importantly...We Stay Alive
Breakout about???
  • #1,845
  • May 5, 2020 11:21am May 5, 2020 11:21am
Quoting Umar018
{quote} Breakout about???
Market breakout in any direction...up or down...From the slow the movement.
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  • #1,846
  • May 5, 2020 2:28pm May 5, 2020 2:28pm
yellow trendline posted about earlier did as expected and acted as support.
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  • #1,847
  • May 5, 2020 2:31pm May 5, 2020 2:31pm
I've labeled the other two red trendlines which are playing out nicely as support and resistance for price to range between so I will be paying attention closely to how day closes to see potential market direction tomoroow
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  • #1,848
  • May 5, 2020 2:35pm May 5, 2020 2:35pm
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  • #1,849
  • May 5, 2020 2:40pm May 5, 2020 2:40pm
I put up a 200 moving average on my chart and saw it flattened out...implication, market will range.
This I got from a book I read sometimes ago.
Learn... Work Hard... Trade Alone
  • #1,850
  • May 5, 2020 2:43pm May 5, 2020 2:43pm
My Friday short positions are sitting on losses... When it get to my stop loss, I will be out...Until then, I haven't touched money this week o.
Learn... Work Hard... Trade Alone
  • #1,851
  • May 5, 2020 2:49pm May 5, 2020 2:49pm
Quoting BiteFX
My Friday short positions are sitting on losses... When it get to my stop loss, I will be out...Until then, I haven't touched money this week o.
yes I've put up a 200 sma as well. I got idea from digger on other post, seems to work great so far. but ahhh I take it you did not run away earlier. market seemed reluctant to pass 1694
  • #1,852
  • May 5, 2020 2:53pm May 5, 2020 2:53pm
Quoting rayoub
{quote} yes I've put up a 200 sma as well. I got idea from digger on other post, seems to work great so far. but ahhh I take it you did not run away earlier. market seemed reluctant to pass 1694
Yes, you are right brother...I didn't run away so now I have to face a bigger loss.
Learn... Work Hard... Trade Alone
  • #1,853
  • May 5, 2020 2:54pm May 5, 2020 2:54pm
Crazy market.
A beautiful fact about the market is the unpredictability. We all can just estimate the future of the market, currently.

Today again my tp`s did not rich I should set tighter tp`s , Most of entries were good with little negative Edges.
  • #1,854
  • May 5, 2020 3:04pm May 5, 2020 3:04pm
Quantamath its a wide ranging market...one feature it has is false breakouts.
let's still wait and see the actions.

So so crazy market indeed!
Learn... Work Hard... Trade Alone
  • #1,855
  • May 5, 2020 3:19pm May 5, 2020 3:19pm
Quoting BiteFX
My Friday short positions are sitting on losses... When it get to my stop loss, I will be out...Until then, I haven't touched money this week o.
whats your SL mate?
  • #1,856
  • May 5, 2020 3:26pm May 5, 2020 3:26pm
Quoting Fares121
{quote} whats your SL mate?
1500 points...150pips
For this trade though.
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  • #1,857
  • May 5, 2020 3:27pm May 5, 2020 3:27pm
Quoting BiteFX
{quote} 1500 points...150pips For this trade though.
Every of my trades prior this one has always been 1000 points...For this trade, I got too attached emotionally.
Learn... Work Hard... Trade Alone
  • #1,858
  • May 5, 2020 3:29pm May 5, 2020 3:29pm
Quoting BiteFX
{quote} Every of my trades prior this one has always been 1000 points...For this trade, I got too attached emotionally.
And that is not good for trade...But, based on the chart analysis it is placed where I see if price breaks...Bulls have turned the dynamics over.
Learn... Work Hard... Trade Alone
  • #1,859
  • May 5, 2020 3:44pm May 5, 2020 3:44pm
Quoting rayoub
yellow trendline posted about earlier did as expected and acted as support. {image}
I like your yellow trend line, I have drawn and, watching its effect, it is old and the market did well react near it. and if the market tended to bull for a long time then I think this line is good support.
  • #1,860
  • May 5, 2020 4:06pm May 5, 2020 4:06pm
Quoting BiteFX
Quantamath its a wide ranging market...one feature it has is false breakouts. let's still wait and see the actions. So so crazy market indeed!
The price has broken the first blue dotted trend line at above which it was two times reject the price, but also the price rejected near 1709 and moved down
I guess if the price finds the support at tomorrow's pivot line or event the thick green trend line which I barrow it from rayoub's chart, then the price may tend to visit the second or event the third dotted blue trend line at above.
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