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Gold Mining - Using Each Trading Day's Trend

  • #561
  • Mar 17, 2020 2:15am Mar 17, 2020 2:15am
B seem to be doing a great job at the moment sending bears back up...Perhaps the bears were having a false breakout downwards.
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  • #562
  • Mar 17, 2020 2:21am Mar 17, 2020 2:21am
Quoting BiteFX
B seem to be doing a great job at the moment sending bears back up...Perhaps the bears were having a false breakout downwards.
i initially have a sell at 1485 thinking that i’ll ride the break out. But it didn’t seems right so I close it after 10pips gain. And sure enough, it goes back up.
i stay sidelines for now.
  • #563
  • Mar 17, 2020 2:33am Mar 17, 2020 2:33am
Quoting coconutbarn
{quote} i initially have a sell at 1485 thinking that i’ll ride the break out. But it didn’t seems right so I close it after 10pips gain. And sure enough, it goes back up. i stay sidelines for now.
As a side note, I think the bearish pressure persists.
Just that, the Bulls are trying to water it down and reverse the interim trend dynamic.
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  • #564
  • Mar 17, 2020 2:42am Mar 17, 2020 2:42am
I am thinking about this, and have been seriously thinking about it...The core of this strategy seems to be P.
If a trading day is below, selling might be better to keep profit... While, if a trading day is above, buying might be better to keep profit.
I will keep an eye on this hypothesis I just mentioned.
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  • #565
  • Mar 17, 2020 2:46am Mar 17, 2020 2:46am
Quoting BiteFX
I am thinking about this, and have been seriously thinking about it...The core of this strategy seems to be P. If a trading day is below, selling might be better to keep profit... While, if a trading day is above, buying might be better to keep profit. I will keep an eye on this hypothesis I just mentioned.
Talking about this, as I earlier said, a break above P today will give us(stubborn Bulls) a great chance to make money.
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  • #566
  • Mar 17, 2020 3:06am Mar 17, 2020 3:06am
Quoting BiteFX
B seem to be doing a great job at the moment sending bears back up...Perhaps the bears were having a false breakout downwards.
Chart giving us a possible bullish flag pattern.
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  • #567
  • Mar 17, 2020 3:43am Mar 17, 2020 3:43am
Its trying too hard to break 1482. Got a wedge pattern happening. My guess is a fake break up out the wedge followed by a break of 1482. I have my eye on 1475 support for a buy, but only after seeing signs of reversal
  • #568
  • Mar 17, 2020 3:47am Mar 17, 2020 3:47am
Quoting Sluggazn
Its trying too hard to break 1482. Got a wedge pattern happening. My guess is a fake break up out the wedge followed by a break of 1482. I have my eye on 1475 support for a buy, but only after seeing signs of reversal
That's true...the battle there is intense.
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  • #569
  • Mar 17, 2020 4:04am Mar 17, 2020 4:04am
Quoting BiteFX
{quote} That's true...the battle there is intense.
May be these news will push the market for us.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200317_100214.jpg Size: 14 KB
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  • #570
  • Mar 17, 2020 4:16am Mar 17, 2020 4:16am
Spiderman chart analysis...today's bearish trend lines are crossed, and price is currently trading above both, at B.

My take is still that...we are having a bullish day.
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  • #571
  • Mar 17, 2020 4:41am Mar 17, 2020 4:41am
Quoting Sluggazn
Its trying too hard to break 1482. Got a wedge pattern happening. My guess is a fake break up out the wedge followed by a break of 1482. I have my eye on 1475 support for a buy, but only after seeing signs of reversal
Hit, are you on?
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  • #572
  • Mar 17, 2020 4:45am Mar 17, 2020 4:45am
Quoting BiteFX
{quote} Hit, are you on?
Not yet. Still waiting for reversal signs
  • #573
  • Mar 17, 2020 4:56am Mar 17, 2020 4:56am
Risking a bit. 50pip sl
  • #574
  • Mar 17, 2020 5:16am Mar 17, 2020 5:16am
Quoting Sluggazn
Risking a bit. 50pip sl
Its crazy I know...
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  • #575
  • Mar 17, 2020 5:17am Mar 17, 2020 5:17am
Am playing by what I am seeing and expecting from my system.
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  • #576
  • Mar 17, 2020 5:23am Mar 17, 2020 5:23am
What i 've seen is .... BUY more than SELL ... for this week but try to find a bull power ... now is too weak to push up
  • #577
  • Mar 17, 2020 5:24am Mar 17, 2020 5:24am
Quoting BiteFX
Am playing by what I am seeing and expecting from my system.
You still bullish?
  • #578
  • Mar 17, 2020 5:38am Mar 17, 2020 5:38am
we had Bearish Pennant and I shorted there.
Anyways yesterday's Daily close says Buy.

Let's see if I hit my Stop loss of sell, I'll go long.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-03-17 at 4.06.04 PM.png Size: 25 KB
  • #579
  • Mar 17, 2020 5:42am Mar 17, 2020 5:42am
Can't tell where we are going from here. Out with 35pips
  • #580
  • Mar 17, 2020 6:39am Mar 17, 2020 6:39am
Inverted HS on 5m chart possibly
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