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Gold Mining - Using Each Trading Day's Trend

  • #541
  • Mar 16, 2020 6:24am Mar 16, 2020 6:24am
Quoting BiteFX
Looks like the bulls are finding a support ground around 1475 psychological level. My spiderman chart analysis has one last bullish trendline there. And if broken downwards, the market would be heading straight to 1225 psychological level. So, I bought at 1468.78. Gold is going wilder everyday!
So, Am Staying Alive until the market says "guy, you're damn wrong!"
Learn... Work Hard... Trade Alone
  • #542
  • Mar 16, 2020 6:38am Mar 16, 2020 6:38am
Gold already did 1,100pips today so far...wow!
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  • #543
  • Mar 16, 2020 8:06am Mar 16, 2020 8:06am
Quoting BiteFX
1475 reached. Eyeing 1450.
Almost reached, then let's see if the stubborn Bulls won't fight back all the way up.
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  • #544
  • Mar 16, 2020 8:08am Mar 16, 2020 8:08am
If it gets to 1450 psychological level, I am going to add a Long position.
I think the Big boys are waiting right there.

Guys, Just Stay Alive.
Learn... Work Hard... Trade Alone
  • #545
  • Mar 16, 2020 8:15am Mar 16, 2020 8:15am
Killing Bears have killed many folks trading account today...But, we have to be alive guys.
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  • #546
  • Mar 16, 2020 8:18am Mar 16, 2020 8:18am
1445 my mark for turning point. Let's see.
  • #547
  • Mar 16, 2020 8:37am Mar 16, 2020 8:37am
Spiderman chart analysis on the right...My tweaked Fibonacci levels on the left...Green trend line last at the bottom, and acting as a dynamic support.

We Stay Alive guys.
Attached Image (click to enlarge)
Click to Enlarge Name: Spiderman Chart Analysis.jpg Size: 304 KB
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  • #548
  • Mar 16, 2020 9:20am Mar 16, 2020 9:20am
Once Bulls start to move upward from here, the first psychological level would be 1500.
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  • #549
  • Mar 16, 2020 10:09am Mar 16, 2020 10:09am
Quoting BiteFX
Once Bulls start to move upward from here, the first psychological level would be 1500.
Bulls seem to be waking up...This will be good for us.
Learn... Work Hard... Trade Alone
  • #550
  • Mar 16, 2020 10:14am Mar 16, 2020 10:14am
Quoting BiteFX
Once Bulls start to move upward from here, the first psychological level would be 1500.
Reached...Next will be 1525 after some pull backs.
Learn... Work Hard... Trade Alone
  • #551
  • Mar 16, 2020 10:25am Mar 16, 2020 10:25am
Quoting BiteFX
{quote} Market Price says am wrong this time.
Recovered with additional 20pips.

Quoting BiteFX
Looks like the bulls are finding a support ground around 1475 psychological level. My spiderman chart analysis has one last bullish trendline there. And if broken downwards, the market would be heading straight to 1225 psychological level. So, I bought at 1468.78. Gold is going wilder everyday!
Closed with 290 pips...I had to stay alive this time.
Learn... Work Hard... Trade Alone
  • #552
  • Mar 16, 2020 11:12am Mar 16, 2020 11:12am
Alright, 520pips in all business transactions today.

Let's Stay Alive for tomorrow...Because tomorrow awaits the living.
Learn... Work Hard... Trade Alone
  • #553
  • Mar 16, 2020 2:34pm Mar 16, 2020 2:34pm
Missed so much today! I somehow unsubscribed myself. Oh well, we make money tomorrow
  • #554
  • Mar 16, 2020 3:59pm Mar 16, 2020 3:59pm
Quoting Sluggazn
Missed so much today! I somehow unsubscribed myself. Oh well, we make money tomorrow
Sure we will brother...Was wondering where you were today.
Learn... Work Hard... Trade Alone
  • #555
  • Mar 16, 2020 5:58pm Mar 16, 2020 5:58pm
In my opinion, I think a system that helps you escape volatile markets and its dangerous level of uncertainty yet, gives you the opportunity to get some cash into your bank is a good one.
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  • #556
  • Mar 16, 2020 6:14pm Mar 16, 2020 6:14pm
Tuesday March 17, 2020.

Market is having a reversal at V.
Support S is currently pushing price upward as of this writing.
Bulls seem to be awake and, we expect an upside move to break past pivot P and then test Resistance R before any meaningful upside spike.

Although price has broken my green downward trend line upwards, it is still trading below my downward red trend line.

Trade idea...Buy S, P stop loss at B.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200316_223447.jpg Size: 75 KB
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  • #557
  • Mar 16, 2020 6:20pm Mar 16, 2020 6:20pm
Fibonacci Parameters...
BEARISH FIBO-1537.08, 1505.82
BULLISH FIBO-1505.82, 1537.08
PIVOT-1521.45

Download template from first post, first page.
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  • #558
  • Mar 16, 2020 6:24pm Mar 16, 2020 6:24pm
Quoting BiteFX
Tuesday March 17, 2020. Market is having a reversal at V. Support S is currently pushing price upward as of this writing. Bulls seem to be awake and, we expect an upside move to break past pivot P and then test Resistance R before any meaningful upside spike. Although price has broken my green downward trend line upwards, it is still trading below my downward red trend line. Trade idea...Buy S, P stop loss at B. {image}
I am always wrong until the market says am right.

So, let's Stay Alive today...The market is a bit calmer.
Learn... Work Hard... Trade Alone
  • #559
  • Edited 1:43am Mar 17, 2020 1:10am | Edited 1:43am
Bears didn't allow Bulls to go above P.
There may be a retest 1475 psychological level before the Bulls kick off.
Learn... Work Hard... Trade Alone
  • #560
  • Mar 17, 2020 1:42am Mar 17, 2020 1:42am
Quoting BiteFX
Tuesday March 17, 2020. Market is having a reversal at V. Support S is currently pushing price upward as of this writing. Bulls seem to be awake and, we expect an upside move to break past pivot P and then test Resistance R before any meaningful upside spike. Although price has broken my green downward trend line upwards, it is still trading below my downward red trend line. Trade idea...Buy S, P stop loss at B. {image}
Stop loss at B was hit...This invalidates the trade idea, But, at 1475 psychological level, the market might have a bullish response.
Learn... Work Hard... Trade Alone
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