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Gold Mining - Using Each Trading Day's Trend

  • #81
  • Mar 5, 2020 3:09am Mar 5, 2020 3:09am
Price broke 1640.50 with ease.
I am expecting 1643.76 (50% QS) and then pull back down to 1642.10/1641.42.
Possible buy there.
JPY is strong, so does Gold go up.
Always expect unexpected.
  • #82
  • Mar 5, 2020 3:55am Mar 5, 2020 3:55am
Quoting BiteFX
March 05, 2020. Like I said Yesterday, bears won the day, even though the market created a high that was higher than the previous trading day. Price found Support at 1634.23. And Resistance did a good job too. Today, *chart showing a bullish pennant formation. *Bearish Trend lines are crossed downwards. *Bears will have a little pull back. And then, Bulls will continue. Trade Idea: Looking to Buy Support/ Breakout I placed a Buy stop order at Pivot-1640.40 in case of an early breakout to the upside, I won't be left out of the party. {image}
I wasn't left out of the party.
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  • #83
  • Mar 5, 2020 4:29am Mar 5, 2020 4:29am
Quoting Skoljkica
Price broke 1640.50 with ease. I am expecting 1643.76 (50% QS) and then pull back down to 1642.10/1641.42. Possible buy there. JPY is strong, so does Gold go up.
Price did find resistance at 1643.76 and support at 1642.10 and went up.
Attached Image


Possible support at 1645
Always expect unexpected.
  • #84
  • Mar 5, 2020 5:14am Mar 5, 2020 5:14am
Quoting BiteFX
{quote} Talking about a system for scalping...I do a lot of crazy experiments but this one I didn't throw away among them all. Have you heard of 1000 or 4000 Moving Averages and Bollinger Bands? I use them.
As per our pm.
Hope this can help.
Attached File(s)
File Type: mq4 ma_chanels_fibo.mq4   5 KB | 566 downloads

One can live in the shadow of an idea without grasping it.
  • #85
  • Mar 5, 2020 5:29am Mar 5, 2020 5:29am
As mentioned in earlier post, price did find support at 1645.00
I did couple of scalp buys. I do them manually on M1 and M5 chart.
Attached Image
Always expect unexpected.
  • #86
  • Mar 5, 2020 6:00am Mar 5, 2020 6:00am
Quoting Trader1971
{quote} As per our pm. Hope this can help. {file}
Thanks bro...Let me install.
But, so fast? You're amazing!
Learn... Work Hard... Trade Alone
  • #87
  • Edited 7:43am Mar 5, 2020 6:13am | Edited 7:43am
Quoting Skoljkica
As mentioned in earlier post, price did find support at 1645.00 I did couple of scalp buys. I do them manually on M1 and M5 chart. {image}
Always enjoying your scalping regimen...I covet that skill.
Anyways... I am still in the party, waiting for the DJ to call it a day.
Buy still looking good so far.
Learn... Work Hard... Trade Alone
  • #88
  • Mar 5, 2020 6:16am Mar 5, 2020 6:16am
Quoting BiteFX
{quote} Always enjoying your scalping regimen...I covet that skill. Anyways... I am still in the party, waiting for the DJ to call it day. Buy still looking good so far.
Thanks.
It would be nice for price to reach 1655.61, my 38.2% Week Resistance.
Always expect unexpected.
  • #89
  • Edited 7:30am Mar 5, 2020 6:26am | Edited 7:30am
Quoting BiteFX
March 05, 2020. Like I said Yesterday, bears won the day, even though the market created a high that was higher than the previous trading day. Price found Support at 1634.23. And Resistance did a good job too. Today, *chart showing a bullish pennant formation. *Bearish Trend lines are crossed downwards. *Bears will have a little pull back. And then, Bulls will continue. Trade Idea: Looking to Buy Support/ Breakout I placed a Buy stop order at Pivot-1640.40 in case of an early breakout to the upside, I won't be left out of the party. {image}
Gold eyeing V-1666.28 Reversal.
I Stay Alive
Learn... Work Hard... Trade Alone
  • #90
  • Mar 5, 2020 7:23am Mar 5, 2020 7:23am
Quoting Skoljkica
{quote} Thanks. It would be nice for price to reach 1655.61, my 38.2% Week Resistance.
Price reached 1655.61.
Attached Image

It would be great that we have pull back down to 1649.83 or 1648.00 for another entry.
Always expect unexpected.
  • #91
  • Mar 5, 2020 7:37am Mar 5, 2020 7:37am
We have a breakout at B as on the chart...
Gold eyeing V.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200305_142841_347.jpg Size: 101 KB
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  • #92
  • Mar 5, 2020 7:46am Mar 5, 2020 7:46am
Quoting BiteFX
We have a breakout at B as on the chart... Gold eyeing V. {image}
If price finds support at 1660.27 (50% WS), next target 1670.71 (76.4% WR) . With that target, gold fulfilled 2 times weekly range.
Attached Image
Always expect unexpected.
  • #93
  • Mar 5, 2020 7:48am Mar 5, 2020 7:48am
Quoting Skoljkica
{quote} If price finds support at 1660.27 (50% WS), next target 1670.71 (76.4% WR) . With that target, gold fulfilled 2 times weekly range. {image}
Hmmm...Sote
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  • #94
  • Mar 5, 2020 8:25am Mar 5, 2020 8:25am
This is pure Spiderman analysis.
I also trade like spiderman
A chart of only trendlines.
It's amazing how market price interacts with them.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200305_152120_401.jpg Size: 181 KB
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  • #95
  • Mar 5, 2020 8:51am Mar 5, 2020 8:51am
Quoting BiteFX
This is pure Spiderman analysis. I also trade like spiderman A chart of only trendlines. It's amazing how market price interacts with them. {image}
Did you knit it yourself, or you have a calculation for it?
Always expect unexpected.
  • #96
  • Mar 5, 2020 8:54am Mar 5, 2020 8:54am
Quoting Skoljkica
{quote} Did you knit it yourself, or you have a calculation for it?
I webbed it myself...it's simple...No need for any calculations.
Learn... Work Hard... Trade Alone
  • #97
  • Mar 5, 2020 9:00am Mar 5, 2020 9:00am
Quoting BiteFX
{quote} I webbed it myself...it's simple...No need for any calculations.
I will show you guys how to have a Spiderman web trading chart...Please, don't mind my humor.
Learn... Work Hard... Trade Alone
  • #98
  • Mar 5, 2020 10:53am Mar 5, 2020 10:53am
Quoting BiteFX
We have a breakout at B as on the chart... Gold eyeing V. {image}
I'm almost there. Nice
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  • #99
  • Mar 5, 2020 11:29am Mar 5, 2020 11:29am
Quoting BiteFX
{quote} Gold eyeing V-1666.28 Reversal. I Stay Alive
Do you mean in will reverse at that point?
  • #100
  • Mar 5, 2020 12:31pm Mar 5, 2020 12:31pm
Quoting BiteFX
{quote} I'm almost there. Nice
Alright. Profit Target reached.
Cool 258 pips.
Thank you.
Learn... Work Hard... Trade Alone
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