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Gold Mining - Using Each Trading Day's Trend

  • #321
  • Edited 4:07am Mar 11, 2020 3:44am | Edited 4:07am
Quoting BiteFX
Wednesday, March 11, 2020. Killing Bears finished off the stubborn Bulls yesterday no doubt. Today, is a wide range market. The chart has already mentioned it before the news coming up later today. With our Green Trend lines facing up, it shows a Bullish Day. And Red trend lines facing down tells us the Bears aren't done yet. So, the Bearish pressure might continue for a while perhaps until S-1633.66 and then Bulls will take over. Trade Idea... Buy at S-1633.66 or 1625.00 psychological level. Stop loss at B-1595.55. Or sell R-1695.32 if price ever...
It would be nice if we could know is price going to rise or fall down first.
Looking at naked chart, price looks bearish and hardly breaking 1664.
If buy-up to 1674.82
If sell-down to 1641.93/1636.85
Possible scalp buy with TP 1667.00
Always expect unexpected.
  • #322
  • Mar 11, 2020 4:09am Mar 11, 2020 4:09am
Quoting Skoljkica
{quote} It would be nice if we could know is price going to rise or fall down first. Looking at naked chart, price looks bearish and hardly breaking 1664. If buy-up to 1674.82 If sell-down to 1641.93/1636.85
Nobody knows where price will turn, reverse or continue.
But, I posted 3 hours ago that I was short at P.
Then, later told us that bulls took the fight to bearish territory, hence BEARS WILL TAKE THEM MORE TO THE DOWNSIDE AT S.
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  • #323
  • Mar 11, 2020 4:14am Mar 11, 2020 4:14am
Quoting BiteFX
I've got a sell limit at P-1664.49 {quote} Sell limit activated... We are going to ride this to S-1633.66
Here it is bro... I'm still in it.
Learn... Work Hard... Trade Alone
  • #324
  • Mar 11, 2020 5:07am Mar 11, 2020 5:07am
Here is another re-entry if you missed the entry at P.
Join the sell manually.
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  • #325
  • Mar 11, 2020 6:02am Mar 11, 2020 6:02am
Market has gone to retest Pivot... Sellers are welcomed.
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  • #326
  • Mar 11, 2020 6:21am Mar 11, 2020 6:21am
Bulls looking at 1675.00 psychological level.
I Stay Alive.
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  • #327
  • Mar 11, 2020 6:30am Mar 11, 2020 6:30am
Tody is a wide day as on the chart I posted earlier.
Notwithstanding, I am going with the Bears from P to S.
That's my view.
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  • #328
  • Mar 11, 2020 6:31am Mar 11, 2020 6:31am
Quoting BiteFX
Tody is a wide day as on the chart I posted earlier. Notwithstanding, I am going with the Bears from P to S. That's my view.
Remember, I am always wrong until the market says I am right.
Learn... Work Hard... Trade Alone
  • #329
  • Edited 7:21am Mar 11, 2020 7:06am | Edited 7:21am
Quoting Skoljkica
{quote}Possible scalp buy with TP 1667.00
Update

Attached Image
Always expect unexpected.
  • #330
  • Mar 11, 2020 7:15am Mar 11, 2020 7:15am
I won't be surprised if price comes to 1674.82 (38.2% WR) with possible spike up to 1679.89 (50% WR). With that spike it fulfilled its daily range.
Short there with TP 1658.37 (100% WS)
Attached Image
Always expect unexpected.
  • #331
  • Mar 11, 2020 7:48am Mar 11, 2020 7:48am
News favoring the Bears... We are going down.
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  • #332
  • Mar 11, 2020 9:22am Mar 11, 2020 9:22am
We are going to S-1633.66
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  • #333
  • Mar 11, 2020 9:50am Mar 11, 2020 9:50am
Quoting BiteFX
We are going to S-1633.66
Possible Inverted HnS in H1 chart
Attached Image
  • #334
  • Mar 11, 2020 9:59am Mar 11, 2020 9:59am
Quoting finnyjosh
{quote} Possible Inverted HnS in H1 chart {image}
Finnyjosh... I'm riding this all the way to S-1633.66
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  • #335
  • Mar 11, 2020 10:20am Mar 11, 2020 10:20am
I understand that there are gurus who make money buying and selling the same day or everyday... But, my trading system is simple.
I get the direction am going for the day, and I stick to it.
Going against that direction is counter trend trading for me that day.
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  • #336
  • Mar 11, 2020 10:24am Mar 11, 2020 10:24am
I am still learning to manage my greed level.
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  • #337
  • Mar 11, 2020 10:57am Mar 11, 2020 10:57am
Bulls are serving lunch and dinner today.
WOW! Killing Bears!
Thank you.
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  • #338
  • Edited Mar 12, 2020 5:31am Mar 11, 2020 1:25pm | Edited Mar 12, 2020 5:31am
Open the link in your computer to play the chart
https://www.tradingview.com/chart/XA...ential-Target/

Catalyst: Price Action

As long as it stays below 1650, I reckon gold will fall to 1600 in the next few days.

PS: This trade fail if XAU can breakout and close above 1650

Feel free to contact me if you have any questions. Telegram: @Gold_Cartel , or you can join my GOLD Telegram free channel https://t.me/goldcartel
"Show me the charts, and I'll tell you the news." Bernard Baruch
  • #339
  • Mar 11, 2020 2:10pm Mar 11, 2020 2:10pm
We are almost there!
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  • #340
  • Mar 11, 2020 2:12pm Mar 11, 2020 2:12pm
Quoting goldcartel
Open the link in your computer to play the chart https://www.tradingview.com/chart/XA...ential-Target/ Catalyst: Price Action As long as it stays below 1650, I reckon gold will fall to 1600 in the next few days. PS: This trade fail if XAU can breakout and close above 1650
Thanks bro.
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