Gold Mining - Using Each Trading Day's Trend | Page 36 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #701
  • Mar 22, 2020 6:45pm Mar 22, 2020 6:45pm
Quoting BiteFX
Monday March 23, 2020. Today started with a gap up that broke past the 1500 psychological level but didn't get to 1510 where last week's Friday had a reversal before going down to 1480. A retest of 1490 before bouncing up to break 1510 first, and then 1520, will show bullish seriousness. But, a break below 1460 first, and then 1450 will tell the Bears to continue in their thrust down to about 1410. Bearish trend lines giving a broadening formation shows the market could go anywhere, But, Bullish trend lines facing up is suggesting more to the up...
The gap up shows a Bullish intension...The gap has been closed(Japanese calls this closing the window) downward by the bears as of this writing.

Now, if the Bears fail to follow this closing through with a further thrust down, the Bulls will have to continue in the direction of the gap.
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  • #702
  • Mar 22, 2020 6:54pm Mar 22, 2020 6:54pm
1490 already in... Let's see if the market says am wrong or right.
One losses money, the other one gains money... This is our business dude... There ain't no giving up man.
Learn... Work Hard... Trade Alone
  • #703
  • Mar 23, 2020 3:00am Mar 23, 2020 3:00am
Gold still playing around 1490 psychological level... This seems to be the pivotal area(deciding ground on who wins the directional bias battle).

Let the market Price decide the winner.
We Stay Alive.
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  • #704
  • Mar 23, 2020 3:59am Mar 23, 2020 3:59am
Morning all

I am looking to short gold, resistance area from 1491.00-1493.00
TP 1470.00/1457.00
SL 20-30 pips
Attached Image


But, it is also possible that price will find support around 1491.00-1493.00 so we will have another scenario.
Always expect unexpected.
  • #705
  • Edited 5:34am Mar 23, 2020 5:10am | Edited 5:34am
Gold needs to break 1500 and 1510 for the bulls to show that they mean business going up.
Am a stubborn bull today.
Learn... Work Hard... Trade Alone
  • #706
  • Mar 23, 2020 5:18am Mar 23, 2020 5:18am
Quoting BiteFX
Gold needs to break 1500 and 1510 for the bulls to show that they mean business going up. Am a stubborn bull today.
I'm a stubborn bear today.
Always expect unexpected.
  • #707
  • Mar 23, 2020 5:18am Mar 23, 2020 5:18am
Entered short at 1494.40 and closed it 1493.33.
Looking for new opportunity.
Attached Image
Always expect unexpected.
  • #708
  • Mar 23, 2020 5:24am Mar 23, 2020 5:24am
Quoting Skoljkica
{quote} I'm a stubborn bear today.
Lol...
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  • #709
  • Mar 23, 2020 5:28am Mar 23, 2020 5:28am
Quoting Skoljkica
Entered short at 1494.40 and closed it 1493.33. Looking for new opportunity. {image}
You're a good scalper... Good job man!
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  • #710
  • Mar 23, 2020 5:31am Mar 23, 2020 5:31am
Quoting BiteFX
{quote} You're a good scalper... Good job man!
Thanks man.
Always expect unexpected.
  • #711
  • Mar 23, 2020 5:40am Mar 23, 2020 5:40am
Entered new short at 1493.14
SL 15 pips
TP 1470.00 but it is possible I will close it earlier and reenter the trade
Will see what the market says
Attached Image
Always expect unexpected.
  • #712
  • Mar 23, 2020 5:52am Mar 23, 2020 5:52am
Quoting Skoljkica
Entered new short at 1493.14 SL 15 pips TP 1470.00 but it is possible I will close it earlier and reenter the trade Will see what the market says {image}
I didn't close it on time so was eaten by SL. Should've scalp it.
Will look for another entry
Always expect unexpected.
  • #713
  • Mar 23, 2020 5:58am Mar 23, 2020 5:58am
Quoting Skoljkica
{quote} I didn't close it on time so was eaten by SL. Should've scalp it. Will look for another entry
I am expecting a big bullish move.
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  • #714
  • Mar 23, 2020 6:00am Mar 23, 2020 6:00am
Quoting BiteFX
{quote} I am expecting a big bullish move.
Just that, market will range and range after a recent big move until one goes out of the trade manually... But, am staying alive with this.
Learn... Work Hard... Trade Alone
  • #715
  • Mar 23, 2020 6:50am Mar 23, 2020 6:50am
I guess big move start after NY Open, the blue vertical line
if it will cross yellow and orange at the top, hopefully, it will bull
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 39 KB
  • #716
  • Mar 23, 2020 7:06am Mar 23, 2020 7:06am
Quoting BiteFX
Gold needs to break 1500 and 1510 for the bulls to show that they mean business going up. Am a stubborn bull today.
1500 broken... Heading to 1510
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  • #717
  • Mar 23, 2020 7:08am Mar 23, 2020 7:08am
Quoting BiteFX
{quote} 1500 broken... Heading to 1510
Got there so fast...That's a 200pips movement for me.
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  • #718
  • Mar 23, 2020 7:10am Mar 23, 2020 7:10am
Quoting BiteFX
{quote} Got there so fast...That's a 200pips movement for me.
Next is 1520 psychological level.
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  • #719
  • Mar 23, 2020 7:15am Mar 23, 2020 7:15am
Quoting BiteFX
{quote} Next is 1520 psychological level.
Alright, Profit target reached at 1520...300pips...am waiting for a pull back. To reenter long at 1510 or may be 1500
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  • #720
  • Mar 23, 2020 7:19am Mar 23, 2020 7:19am
Quoting BiteFX
{quote} Alright, Profit target reached at 1520...300pips...am waiting for a pull back. To reenter long at 1510 or may be 1500
If it doesn't pull back to 1510, then, it is running away to 1540...I won't chase you, just come to me.
Learn... Work Hard... Trade Alone
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