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Gold Mining - Using Each Trading Day's Trend

  • #201
  • Mar 8, 2020 10:57pm Mar 8, 2020 10:57pm
Quoting BiteFX
Alright, 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. {image}
All 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.
Learn... Work Hard... Trade Alone
  • #202
  • Mar 8, 2020 10:57pm Mar 8, 2020 10:57pm
Quoting BiteFX
{quote} MattZander... you're funny. I like the way you mix fun with trading. You're really welcome here..
Always i said. Im still learning trading gold. Now i know. I need to quit trading gold now. Too risky... ive tried but fail...
I only trade currency now.

BiteX you have to stay alive.
I will leave gold as past to me.
Im too afraid now.
Remember BiteX, becareful when dealing with trend.
I leave now.
I do not recommend anything, please blame me not. Thanks
  • #203
  • Mar 8, 2020 11:01pm Mar 8, 2020 11:01pm
Quoting MattZander
{quote} Always i said. Im still learning trading gold. Now i know. I need to quit trading gold now. Too risky... ive tried but fail... I only trade currency now. BiteX you have to stay alive. I will leave gold as past to me. Im too afraid now. Remember BiteX, becareful when dealing with trend. I leave now.
All 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
Learn... Work Hard... Trade Alone
  • #204
  • Mar 9, 2020 2:33am Mar 9, 2020 2:33am
Quoting BiteFX
Alright, 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. {image}
Gold 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.
Learn... Work Hard... Trade Alone
  • #205
  • Edited 2:59am Mar 9, 2020 2:47am | Edited 2:59am
Morning all. Hope you had a good weekend.

New week, new opportunities, new Fibo lines.
But I always take naked chart and study it and then compare it with my lines.
Now, need to study it and let's make some money.
Always expect unexpected.
  • #206
  • Edited 3:49am Mar 9, 2020 2:49am | Edited 3:49am
Quoting MattZander
{quote} Always i said. Im still learning trading gold. Now i know. I need to quit trading gold now. Too risky... ive tried but fail... I only trade currency now. BiteX you have to stay alive. I will leave gold as past to me. Im too afraid now. Remember BiteX, becareful when dealing with trend. I leave now.
I also trade currencies, but now I am more concentrated on Gold.
Did you see those movement today on AUD, NZD, CAD? Funny start of the week.
Always expect unexpected.
  • #207
  • Mar 9, 2020 3:15am Mar 9, 2020 3:15am
Quoting Skoljkica
Morning all. Hope you had a good weekend. New week, new opportunities, new Fibo lines. But I always take naked chart and study it and then compare it with my lines. Now, need to study it and let's make some money.
Good morning Skoljkica... Welcome... let's make some money...
Learn... Work Hard... Trade Alone
  • #208
  • Mar 9, 2020 4:12am Mar 9, 2020 4:12am
I am looking to go long at 1668.53 if price finds support there.
TP 1679.89
SL 15 pips
Attached Image


If not, next stop is at 1658.37
Always expect unexpected.
  • #209
  • Mar 9, 2020 4:43am Mar 9, 2020 4:43am
Quoting Skoljkica
I am looking to go long at 1668.53 if price finds support there. TP 1679.89 SL 15 pips {image} If not, next stop is at 1658.37
Alright, Long or Short, money must be made bro.
I've got a serious short waiting for them...at 1S.
Learn... Work Hard... Trade Alone
  • #210
  • Mar 9, 2020 4:50am Mar 9, 2020 4:50am
I 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 alike follow the directional bias.
Learn... Work Hard... Trade Alone
  • #211
  • Mar 9, 2020 4:51am Mar 9, 2020 4:51am
Quoting BiteFX
I 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 alike follow the directional bias.
The daily bias for me simply means who is going to win or who won the fight for the day.
Bulls or Bears?
Learn... Work Hard... Trade Alone
  • #212
  • Mar 9, 2020 4:54am Mar 9, 2020 4:54am
Quoting Skoljkica
I am looking to go long at 1668.53 if price finds support there. TP 1679.89 SL 15 pips {image} If not, next stop is at 1658.37
Did you get along with the first Long this morning?
Learn... Work Hard... Trade Alone
  • #213
  • Mar 9, 2020 4:54am Mar 9, 2020 4:54am
Quoting BiteFX
I 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 alike follow the directional bias.
I'm trying to trade with the way price is moving that day or week. But today price fulfilled its weekly range. I expect pull back up to 1674.82 or 1679.89, depending on where will price find support. After that, I will see price movement and direction it is going.
Attached Image
Always expect unexpected.
  • #214
  • Mar 9, 2020 4:55am Mar 9, 2020 4:55am
Quoting BiteFX
{quote} Did you get along with the first Long this morning?
I didn't enter yet . Price didn't find support.
Always expect unexpected.
  • #215
  • Mar 9, 2020 5:04am Mar 9, 2020 5:04am
Quoting Skoljkica
{quote} I didn't enter yet . Price didn't find support.
I 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.
Learn... Work Hard... Trade Alone
  • #216
  • Mar 9, 2020 5:06am Mar 9, 2020 5:06am
This is the way I am seeing Gold...
Going up is a fight against Gravity, while coming down is a Free Fall.
Learn... Work Hard... Trade Alone
  • #217
  • Mar 9, 2020 5:09am Mar 9, 2020 5:09am
Quoting BiteFX
{quote} I 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.
Your sell limit is somewhere where my TP for buy is, at 1680. Right?
Always expect unexpected.
  • #218
  • Mar 9, 2020 5:19am Mar 9, 2020 5:19am
Quoting Skoljkica
{quote} Your sell limit is somewhere where my TP for buy is, at 1680. Right?
Yes around there... 1688.61
Learn... Work Hard... Trade Alone
  • #219
  • Mar 9, 2020 5:22am Mar 9, 2020 5:22am
Quoting Skoljkica
I am looking to go long at 1668.53 if price finds support there. TP 1679.89 SL 15 pips {image} If not, next stop is at 1658.37
Update
Attached Image
Always expect unexpected.
  • #220
  • Mar 9, 2020 5:23am Mar 9, 2020 5:23am
I am expecting a Head and Shoulders pattern to be completed there. The right Shoulder.
Learn... Work Hard... Trade Alone
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