Gold Mining - Using Each Trading Day's Trend | Page 13 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #241
  • Mar 9, 2020 8:46am Mar 9, 2020 8:46am
Yes trade and learn on the go. That is the rule of progress.
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  • #242
  • Edited 9:10am Mar 9, 2020 8:47am | Edited 9:10am
Market price seem to be almost there at my entry.
I will be glad it did.
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  • #243
  • Mar 9, 2020 8:53am Mar 9, 2020 8:53am
Quoting BiteFX
Market price aeem to be almost there at my entry. I will be glad it did.
Is your order activated?
Always expect unexpected.
  • #244
  • Mar 9, 2020 9:09am Mar 9, 2020 9:09am
Quoting Skoljkica
{quote} Is your order activated?
NO.
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  • #245
  • Mar 9, 2020 9:16am Mar 9, 2020 9:16am
The market is already going without me. Its ouk.
We'll meet tomorrow.
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  • #246
  • Mar 9, 2020 9:19am Mar 9, 2020 9:19am
Gold is eyeing first, 2B-1646.03 then 3B-1628.16 to the down side.
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  • #247
  • Mar 9, 2020 9:23am Mar 9, 2020 9:23am
Agree with you.
I tried to scalp but it didn't work out well, so I'm out for today.
If price doesn't hold 1668.53 (23.6% WS), down to 1658.37

Potential long at 1658.37 (100% Week Support) if price holds it.
TP 1669.70/1674.82
SL 15 pips
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Always expect unexpected.
  • #248
  • Mar 9, 2020 9:30am Mar 9, 2020 9:30am
Earlier today I made mention of Bulls being exhausted from Friday's doji candle fight. And that they further exhausted themselves with the gap up in trying to reach the 1700 psychological level.
We should see more to the down side as Bears are willing to defend this territory for the time being.
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  • #249
  • Mar 9, 2020 9:46am Mar 9, 2020 9:46am
Quoting BiteFX
Gold has reached it's 1700 level. To the top, this is a Psychological Resistance. We should expect more drama from here.
The drama continues... Wide range market.
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  • #250
  • Mar 9, 2020 9:55am Mar 9, 2020 9:55am
1688.61 is still good till 22:00 server
If the stubborn bulls comes there, killing bears should deal with them seriously.
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  • #251
  • Mar 9, 2020 10:17am Mar 9, 2020 10:17am
Quoting BiteFX
1688.61 is still good till 22:00 server If the stubborn bulls comes there, killing bears should deal with them seriously.
BiteFX ,,,the time you often indicates, is it your time or GMT or what...
  • #252
  • Mar 9, 2020 10:37am Mar 9, 2020 10:37am
Quoting Rudrax
{quote} BiteFX ,,,the time you often indicates, is it your time or GMT or what...
It is GMT+1
So, you can calculate using your own zone.
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  • #253
  • Mar 9, 2020 10:38am Mar 9, 2020 10:38am
Quoting BiteFX
{quote} It is GMT+1 So, you can calculate using your own zone.
Ouk, easier to understand should be an hour before your broker's server closes for the day.
I hope you understand this one.
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  • #254
  • Mar 9, 2020 10:44am Mar 9, 2020 10:44am
If bears are unable to create a new low today, they will be in trouble tomorrow.
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  • #255
  • Mar 9, 2020 10:59am Mar 9, 2020 10:59am
Quoting BiteFX
If bears are unable to create a new low today, they will be in trouble tomorrow.
how to say the bull side has trouble to create day new low?
meaning it will give then power to pull up?

and ur support or breakout chart still valid?

Rgds,
Richard
  • #256
  • Mar 9, 2020 11:15am Mar 9, 2020 11:15am
Quoting richard0993
{quote} how to say the bull side has trouble to create day new low? meaning it will give then power to pull up? and ur support or breakout chart still valid? Rgds, Richard
What I am saying is simple.
A break of today's low and Friday's low means the market is making lower lows and that bears are having control.
If they can't do that before today expires, they may be in trouble tomorrow.
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  • #257
  • Mar 9, 2020 11:23am Mar 9, 2020 11:23am
Despite the overall trend, I trade the current day's predominate trend or directional bias. This bias is derived by certain parameters.
So, where you are making money by buying, I may be by selling, and where you are selling, I may be buying to make money.
The chart tells me all I need to know.
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  • #258
  • Mar 9, 2020 11:26am Mar 9, 2020 11:26am
Quoting BiteFX
Despite the overall trend, I trade the current day's predominate trend or directional bias. This bias is derived by certain parameters. So, where you are making money by buying, I may be by selling, and where you are selling, I may be buying to make money. The chart tells me all I need to know.
thank for ur reply

Rgds
  • #259
  • Mar 9, 2020 11:36am Mar 9, 2020 11:36am
Quoting richard0993
{quote} thank for ur reply Rgds
My pleasure...
I hope you grabbed some pips today brother?
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  • #260
  • Mar 9, 2020 6:46pm Mar 9, 2020 6:46pm
March 10, 2020.
Bears had their day yesterday but Bulls fought all the way to the end.

Today, I'm still looking for a more down side move before the Bulls continue their movement upward.

Green Trendlines are facing downwards almost parallel to each other- Signals a move down ward.
Red Trendlines are facing up but broken downward by price shows bears are gradually taking over.

Still expecting Head and Shoulders chart pattern to be completed today.

Trade Idea.. Looking to Sell B, R, P, S
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