Gold Mining - Using Each Trading Day's Trend | Page 14 | 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

  • #261
  • Edited 7:02pm Mar 9, 2020 6:50pm | Edited 7:02pm
If you downloaded the template, here is the Fibonacci parameter for today.
BEARISH FIBO-1682.90, 1670.90
BULLISH FIBO-1670.90, 1682.90
PIVOT-1676.90
Learn... Work Hard... Trade Alone
  • #262
  • Mar 9, 2020 6:59pm Mar 9, 2020 6:59pm
Looks like the Head and Shoulders chart pattern is completed to me.
With B-1663.48 the neckline
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200310_005743_931.jpg Size: 92 KB
Learn... Work Hard... Trade Alone
  • #263
  • Mar 9, 2020 7:12pm Mar 9, 2020 7:12pm
Quoting BiteFX
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 {image}
I recommend limit orders... So, if your order is not filled, your money is safe for trading another time.
And of course... You Stay Alive
Learn... Work Hard... Trade Alone
  • #264
  • Mar 9, 2020 7:30pm Mar 9, 2020 7:30pm
Quoting BiteFX
{quote} I recommend limit orders... So, if your order is not filled, your money is safe for trading another time. And of course... You Stay Alive
This is because I expect a bullish pull back.
Then when these are filled, we can break down wards with stop orders.
Simple.
Learn... Work Hard... Trade Alone
  • #265
  • Mar 9, 2020 10:34pm Mar 9, 2020 10:34pm
Quoting BiteFX
If you downloaded the template, here is the Fibonacci parameter for today. BEARISH FIBO-1682.90, 1670.90 BULLISH FIBO-1670.90, 1682.90 PIVOT-1676.90
Sir,
Where do download your template?
kindly advise!!
  • #266
  • Mar 9, 2020 10:40pm Mar 9, 2020 10:40pm
Quoting BiteFX
{quote} This is because I expect a bullish pull back. Then when these are filled, we can break down wards with stop orders. Simple.
I am Long 1670...
expecting something 100 pips before going bearish ...
will be Short near 1680...
  • #267
  • Mar 10, 2020 2:29am Mar 10, 2020 2:29am
Quoting richard0993
{quote} Sir, Where do download your template? kindly advise!!
First page, first post.
Learn... Work Hard... Trade Alone
  • #268
  • Mar 10, 2020 2:31am Mar 10, 2020 2:31am
Quoting Rudrax
{quote} I am Long 1670... expecting something 100 pips before going bearish ... will be Short near 1680...
Market order or pending order?
Depending on your SL, you might be stopped out too early.
Learn... Work Hard... Trade Alone
  • #269
  • Mar 10, 2020 2:38am Mar 10, 2020 2:38am
Alright, market is had a reversal at V-1651.48. This is near 1650 psychologicallevel.
In case the market pulls back to our entry points, Bears are coming to destroy this level and then straight to 2B-1600.65
If it chooses to be a run away market... Sote
We Stay Alive dudes...
Learn... Work Hard... Trade Alone
  • #270
  • Mar 10, 2020 3:12am Mar 10, 2020 3:12am
Morning all,

before price goes up, it should once more confirm 1658.37 (100% WS).
First resistance line 1674.82, second resistance 1679.89
Attached Image

If it doesn't hold 1658.37, down to 1646.46/1641.93
Always expect unexpected.
  • #271
  • Mar 10, 2020 3:21am Mar 10, 2020 3:21am
Quoting Skoljkica
Morning all, before price goes up, it should once more confirm 1658.37 (100% WS). First resistance line 1674.82, second resistance 1679.89 {image} If it doesn't hold 1658.37, down to 1646.46/1641.93
Good morning Skoljkica...Thank you for your analysis.
Learn... Work Hard... Trade Alone
  • #272
  • Mar 10, 2020 4:04am Mar 10, 2020 4:04am
Price is stubbornly holding 1661.13.
It is possible it will go up before reaching 1658.37, but nevertheless I will wait for 1658.37 as planned.
Always expect unexpected.
  • #273
  • Mar 10, 2020 4:11am Mar 10, 2020 4:11am
I've been thinking about this, and finally I worked on it.
Gold does not move randomly.
Check out this price list using Fibonacci Retracement only.(Tweaked)
The "big boys" don't want you to think this way.

Let me have your opinions on this.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200310_100516_367.jpg Size: 104 KB
Learn... Work Hard... Trade Alone
  • #274
  • Mar 10, 2020 4:39am Mar 10, 2020 4:39am
Quoting BiteFX
I've been thinking about this, and finally I worked on it. Gold does not move randomly. Check out this price list using Fibonacci Retracement only.(Tweaked) The "big boys" don't want you to think this way. Let me have your opinions on this. {image}
If I can compare it with my Fibo lines, daily price moves from 250 to 290 pips, often more than that.
So this is a good way to have an assumption where should price finish its daily range.
Also as you can see, price doesn't move in one direction but you have up and downs before reaching the line. Maybe you can try to do this also for H1 chart if you're not leaving your trades for longer time. But if you do, it could be helpful.
Try it.
Always expect unexpected.
  • #275
  • Mar 10, 2020 6:35am Mar 10, 2020 6:35am
Quoting BiteFX
Looks like the Head and Shoulders chart pattern is completed to me. With B-1663.48 the neckline {image}
Bears seem to be weak a little. So, I took a Long manually near B at 1662.73 stop loss at 1650 psychological level.
Learn... Work Hard... Trade Alone
  • #276
  • Mar 10, 2020 6:38am Mar 10, 2020 6:38am
Quoting BiteFX
{quote} Bears seem to be weak a little. So, I took a Long manually near B at 1662.73 stop loss at 1650 psychological level.
This is counter my Today's Trend...But, I guess there are times when crazy is just too crazy.
Learn... Work Hard... Trade Alone
  • #277
  • Mar 10, 2020 6:42am Mar 10, 2020 6:42am
Quoting BiteFX
{quote} This is counter my Today's Trend...But, I guess there are times when crazy is just too crazy.
If am burnt, I got myself to blame... Doh!
Learn... Work Hard... Trade Alone
  • #278
  • Mar 10, 2020 6:48am Mar 10, 2020 6:48am
Quoting BiteFX
{quote} Bears seem to be weak a little. So, I took a Long manually near B at 1662.73 stop loss at 1650 psychological level.
Reason for entry... Market Price bounced off sharply from 1650 psychological level with a Candlestick piercing pattern on the H1 TF, where I have my Reversal.
The Breakout being the next level, I thought Bears are having a false breakout. So, I bought close to Breakout.
With stop loss at 1650 psychological level.

Sounds like a real movie to me.
Learn... Work Hard... Trade Alone
  • #279
  • Mar 10, 2020 7:01am Mar 10, 2020 7:01am
I am thinking it should be a 1R=1R trade.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200310_125943_088.jpg Size: 87 KB
Learn... Work Hard... Trade Alone
  • #280
  • Mar 10, 2020 7:07am Mar 10, 2020 7:07am
Quoting BiteFX
I am thinking it should be a 1R=1R trade. {image}
After the bounce, it made a good higher lows.
I could plot a trend line right there upwards.................
Learn... Work Hard... Trade Alone
2 traders viewing now