Gold Mining - Using Each Trading Day's Trend | Page 54 | 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

  • #1,061
  • Apr 2, 2020 7:33am Apr 2, 2020 7:33am
Quoting BiteFX
{quote} My advice...set a buy limit order at 1600 for a retest... This is more conservative.
Thanks
  • #1,062
  • Apr 2, 2020 7:35am Apr 2, 2020 7:35am
Quoting BiteFX
{quote} My advice...set a buy limit order at 1600 for a retest... This is more conservative.
Reason...
1. Market momentum is in your favor.
2. If your trade is not activated, your capital will still be safe.
This is what I do though.
Learn... Work Hard... Trade Alone
  • #1,063
  • Apr 2, 2020 7:36am Apr 2, 2020 7:36am
Quoting Sufi1985
{quote} Thanks
My pleasure...
Learn... Work Hard... Trade Alone
  • #1,064
  • Apr 2, 2020 8:30am Apr 2, 2020 8:30am
Reenter for buy at 1599? Or 1594?
With TP 1622
Always expect unexpected.
  • #1,065
  • Apr 2, 2020 8:37am Apr 2, 2020 8:37am
Quoting miziler
{quote} My buy is trigger at 1585.35. I try TP around 1615.50. I see you guys doing a great job, well done and keep it up
I reduce my TP to 1609.10 and now my sell trigger entry at 1607.55 with TP around 1592.11 - 1588.44
  • #1,066
  • Apr 2, 2020 8:46am Apr 2, 2020 8:46am
Quoting miziler
{quote} I reduce my TP to 1609.10 and now my sell trigger entry at 1607.55 with TP around 1592.11 - 1588.44
Your style seem a contrarian to me... Keep on collecting the money.
Learn... Work Hard... Trade Alone
  • #1,067
  • Apr 2, 2020 9:01am Apr 2, 2020 9:01am
Quoting BiteFX
{quote} Your style seem a contrarian to me... Keep on collecting the money.
Keep it first because nowdays there is a lot of news happening around and we never know what will happen next move. I'm swing traders actually, mostly on 1hr and 4hr viewing but sometimes change my tactics to overcome the markets. I play high lot around 4.00 - 6.00 so must be correct all the times but it didnt works sometimes
  • #1,068
  • Apr 2, 2020 9:08am Apr 2, 2020 9:08am
Alright, 1610 broken... Now the mean business.
Am doing 1R=2R at the moment... Am looking at locking in some profit at 3R.
Anything is possible!
Learn... Work Hard... Trade Alone
  • #1,069
  • Apr 2, 2020 9:10am Apr 2, 2020 9:10am
Quoting Skoljkica
Reenter for buy at 1599? Or 1594? With TP 1622
TP around 1628.19 - 1633.45 still valid. Once this happen we know 1642 will make a move but we all know, corrections must happen before go up more. My point of view for gold the highest we can go only 1670.50. If more than that I'm out of range.
  • #1,070
  • Apr 2, 2020 9:11am Apr 2, 2020 9:11am
Quoting BiteFX
Alright, 1610 broken... Now the mean business. Am doing 1R=2R at the moment... Am looking at locking in some profit at 3R. Anything is possible!
R mean round or resistance or both is wrong. I just guess only
  • #1,071
  • Apr 2, 2020 9:12am Apr 2, 2020 9:12am
Quoting BiteFX
Alright, 1610 broken... Now the mean business. Am doing 1R=2R at the moment... Am looking at locking in some profit at 3R. Anything is possible!
That will be at 1620.
Learn... Work Hard... Trade Alone
  • #1,072
  • Apr 2, 2020 9:15am Apr 2, 2020 9:15am
Quoting miziler
{quote} R mean round or resistance or both is wrong. I just guess only
Nooooooooooo...Wrong.
It is Risk to Reward ratio.
1R=1R means you get out of trade when your profit is equal to what you would have lost.
1R=2R means your profit is 2x greater than your risked money.
e.t.c
Learn... Work Hard... Trade Alone
  • #1,073
  • Apr 2, 2020 9:18am Apr 2, 2020 9:18am
Quoting miziler
{quote} TP around 1628.19 - 1633.45 still valid. Once this happen we know 1642 will make a move but we all know, corrections must happen before go up more. My point of view for gold the highest we can go only 1670.50. If more than that I'm out of range.
Hmmm
Learn... Work Hard... Trade Alone
  • #1,074
  • Apr 2, 2020 9:23am Apr 2, 2020 9:23am
Quoting miziler
{quote} Keep it first because nowdays there is a lot of news happening around and we never know what will happen next move. I'm swing traders actually, mostly on 1hr and 4hr viewing but sometimes change my tactics to overcome the markets. I play high lot around 4.00 - 6.00 so must be correct all the times but it didnt works sometimes
My brother...it is only a computer that can process all of the news and information that is being released in this our business per minute/hour/day.

I only focus on what parameters my chart gives me at the end of a given trading day to prepare me for the next trading day.

This way, I only have one information to process... My chart.
Learn... Work Hard... Trade Alone
  • #1,075
  • Apr 2, 2020 9:26am Apr 2, 2020 9:26am
Quoting miziler
{quote} TP around 1628.19 - 1633.45 still valid. Once this happen we know 1642 will make a move but we all know, corrections must happen before go up more. My point of view for gold the highest we can go only 1670.50. If more than that I'm out of range.
Price can go up to 1646.41, wouldn't be surprised if that happens today.
First resistance is 1622.85, so possible down to 1613.84 to confirm it as a support.
Also, possible pull back down to 1599.29 before going up.
Attached Image
Always expect unexpected.
  • #1,076
  • Apr 2, 2020 9:31am Apr 2, 2020 9:31am
Quoting Skoljkica
{quote} Price can go up to 1646.41, wouldn't be surprised if that happens today. First resistance is 1622.85, so possible down to 1613.84 to confirm it as a support. Also, possible pull back down to 1599.29 before going up. {image}
Ouk...Then let me protect 1R at 1600 and then initiate a buy limit there...we're going up alive.
Thanks man.
Learn... Work Hard... Trade Alone
  • #1,077
  • Apr 2, 2020 9:42am Apr 2, 2020 9:42am
Quoting BiteFX
{quote} Nooooooooooo...Wrong. It is Risk to Reward ratio. 1R=1R means you get out of trade when your profit is equal to what you would have lost. 1R=2R means your profit is 2x greater than your risked money. e.t.c
Greats man
  • #1,078
  • Apr 2, 2020 9:43am Apr 2, 2020 9:43am
Quoting BiteFX
{quote} Ouk...Then let me protect 1R at 1600 and then initiate a buy limit there...we're going up alive. Thanks man.
Like I wrote in previous posts, 1599.29 is a deciding line, above it buy, below it sell. So for now, price needs to confirm it as a S or R.
Always expect unexpected.
  • #1,079
  • Apr 2, 2020 9:50am Apr 2, 2020 9:50am
Quoting Skoljkica
{quote} Like I wrote in previous posts, 1599.29 is a deciding line, above it buy, below it sell. So for now, price needs to confirm it as a S or R.
Hmmm...Sote
Learn... Work Hard... Trade Alone
  • #1,080
  • Apr 2, 2020 10:36am Apr 2, 2020 10:36am
Quoting BiteFX
{quote} Hmmm...Sote
Dear biteFx
Am watching ur analyzing and u are so good doing that .
But i need to ask you series question . Does forex depents on real market analyze . Or just chart analyze
To be direct . In my opinion if the us makes a big deal and the dollar will get high and the gpb will get down . So that must be happen without any resistance for any price the gpbusd must go down without any analyize
And i must trade with no risk reward ratio .
2 traders viewing now