Gold Mining - Using Each Trading Day's Trend | Page 7 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Scalping Gold using WPR 1,019 replies

Which standard Indicators are most related to each other? 2 replies

Gold Mining II - Using Reference Lines 13 replies

An idea for building wealth...using only gold 9 replies

Trading Gold - An End of Day System 27 replies

Attachments: Gold Mining - Using Each Trading Day's Trend
Exit Attachments

Gold Mining - Using Each Trading Day's Trend

  • #121
  • Mar 6, 2020 1:39am Mar 6, 2020 1:39am
Quoting bitefx
if p-1654.50 doesn't send price back up, then we go to s-1631.17. B-1706.67 is a level i know gold will reach. But, i am not seeing that happening today. But, this is forex, anything is possible! Let us watch the movie today. We stay alive dudes... {image}
NFP will meet us here today... We're going nowhere!
Learn... Work Hard... Trade Alone
  • #122
  • Mar 6, 2020 2:31am Mar 6, 2020 2:31am
Quoting BiteFX
{quote} NFP will meet us here today... We're going nowhere!
so....at NFP, You will hold your position and place another trade to NFP Signal? or cut original position and place new trade?
What's ur strategy at this?

Thanks for your reply
Have a good day!!
  • #123
  • Mar 6, 2020 2:55am Mar 6, 2020 2:55am
Quoting richard0993
{quote} so....at NFP, You will hold your position and place another trade to NFP Signal? or cut original position and place new trade? What's ur strategy at this? Thanks for your reply Have a good day!!
You know, I trade regardless of the news event that is upcoming.
As regards your question, I have already entered my trade for today with its stop-loss.
The one I entered later yesterday's night is the one dragging me back now.
Wether NFP or not that is my position... I will let the market decide if I am wrong or right.

I hope I answered your question well bro.
Learn... Work Hard... Trade Alone
  • #124
  • Mar 6, 2020 2:58am Mar 6, 2020 2:58am
Another opportunity for a short position to those who didn't enter before.
Learn... Work Hard... Trade Alone
  • #125
  • Mar 6, 2020 3:05am Mar 6, 2020 3:05am
Quoting BiteFX
{quote} You know, I trade regardless of the news event that is upcoming. As regards your question, I have already entered my trade for today with its stop-loss. The one I entered later yesterday's night is the one dragging me back now. Wether NFP or not that is my position... I will let the market decide if I am wrong or right. I hope I answered your question well bro.
sir
I am clear and thanks you!!
  • #126
  • Mar 6, 2020 3:59am Mar 6, 2020 3:59am
Morning all

If price finds support at 1680.04 (100% WS), we go up to the first resistance line 1695.14 (38.2% WR).
It is possible that price will go up to 1710.25 (76.4% WR) if there are bad news for USD.
Attached Image
Always expect unexpected.
  • #127
  • Mar 6, 2020 4:11am Mar 6, 2020 4:11am
Market says yesterday's night trade idea was wrong...
I lost money.
Learn... Work Hard... Trade Alone
  • #128
  • Mar 6, 2020 4:15am Mar 6, 2020 4:15am
I am still in today's trade though... That is how it is... We fight, get hit, later, we win and breakeven. The story a happy one then.
Learn... Work Hard... Trade Alone
  • #129
  • Mar 6, 2020 4:16am Mar 6, 2020 4:16am
Quoting BiteFX
Market says yesterday's night trade idea was wrong... I lost money.
You sometimes win, sometimes lose. That's Forex.
Keep your winnings higher than your losses.
Stay alive.
Always expect unexpected.
  • #130
  • Mar 6, 2020 4:24am Mar 6, 2020 4:24am
Gold currently at last month's-February high. Breaking that takes us straight to B-1706.67
Learn... Work Hard... Trade Alone
  • #131
  • Mar 6, 2020 4:25am Mar 6, 2020 4:25am
Quoting Skoljkica
{quote} You sometimes win, sometimes lose. That's Forex. Keep your winnings higher than your losses. Stay alive.
Exactly.
Learn... Work Hard... Trade Alone
  • #132
  • Edited 5:15am Mar 6, 2020 4:27am | Edited 5:15am
Quoting BiteFX
Gold currently at last month's-February high. Breaking that takes us straight to B-1706.67
After this growth I don't want to enter any new buy unless price comes back down to 1680.04. That would be very nice.
Always expect unexpected.
  • #133
  • Mar 6, 2020 4:38am Mar 6, 2020 4:38am
Gold with this current H1 candle, broke February's high but met with a dynamic Resistance in my Spiderman's chart.
February's High-1689.29
Current High-1689.92 It hasn't closed yet though.
Learn... Work Hard... Trade Alone
  • #134
  • Mar 6, 2020 4:43am Mar 6, 2020 4:43am
Quoting BiteFX
Gold with this current H1 candle, broke February's high but met with a dynamic Resistance in my Spiderman's chart. February's High-1689.29 Current High-1689.92 It hasn't closed yet though.
Yes, this week price gained all back that it has lost previous week.
This is H4 chart, on the left side is previous week, right side this week.
Attached Image
Always expect unexpected.
  • #135
  • Mar 6, 2020 4:54am Mar 6, 2020 4:54am
Everyday adjustments are made.
Yesterday, I learnt a very great deal from my trading system.
Learn... Work Hard... Trade Alone
  • #136
  • Mar 6, 2020 4:58am Mar 6, 2020 4:58am
Quoting BiteFX
Everyday adjustments are made. Yesterday, I learnt a very great deal from my trading system.
Speaking of this...Resistance, Pivot, or Support are the best entry points.
Every other levels should be merely a take profit.
If I have to enter a trade again...I have to wait to the next day...
This is one area, I will work on SERIOUSLY next week.
Learn... Work Hard... Trade Alone
  • #137
  • Mar 6, 2020 5:03am Mar 6, 2020 5:03am
Going forward today,
If this level holds, the chart pattern becomes a Double Top Chart Formation then price will go down to Support-1631.17
Learn... Work Hard... Trade Alone
  • #138
  • Mar 6, 2020 5:16am Mar 6, 2020 5:16am
Quoting BiteFX
Going forward today, If this level holds, the chart pattern becomes a Double Top Chart Formation then price will go down to Support-1631.17
Double Top at Resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200306_121340_560.jpg Size: 97 KB
Learn... Work Hard... Trade Alone
  • #139
  • Mar 6, 2020 5:23am Mar 6, 2020 5:23am
Quoting Skoljkica
{quote} After this growth I don't want to enter any new buy unless price comes back down to 1680.04. That would be very nice.
As expected, price made a pull back down to 1681.35, didn't reach my support line 1680.04
I doubt price will go down again, but you never know.
If it reaches 1680.04, potential buy, depending on price action.
H4 candle opened above 1680.04.
Attached Image
Always expect unexpected.
  • #140
  • Mar 6, 2020 5:31am Mar 6, 2020 5:31am
Quoting BiteFX
{quote} Thanks for the analysis. You're welcome here with this great analysis. We like it here.
Yes, thank you.
I still learn to trade gold. As I said before, retail always trade the way I put sell projection on daily bases without further analysis. But again, large speculator work on larger time frame, i found so many retail put short on gold now with sentiment analysis.

Hey my friend, sorry if my first projection was wrong its because i dont calculate with fibonacci like my second post.

I will try my best to give my analysis on gold as I am new to gold trading... So we can share our knowledge and can LIVE BETTER. I am not here to be followed, but to share and be shared as we need to learn every day to survive especially in forex.
I do not recommend anything, please blame me not. Thanks
5 traders viewing now