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Gold Mining - Using Each Trading Day's Trend

  • #1,101
  • Apr 3, 2020 6:45am Apr 3, 2020 6:45am
Quoting BiteFX
and are really digging it out around the 1610 psychological level for a huge directional bias. Who will win? Hmmm...The market will decide that.
Well, price didn't move much whole day.
NFP will do the rest.
Always expect unexpected.
  • #1,102
  • Apr 3, 2020 6:50am Apr 3, 2020 6:50am
Quoting Skoljkica
{quote} Well, price didn't move much whole day. NFP will do the rest.
May be a run away market
Learn... Work Hard... Trade Alone
  • #1,103
  • Apr 3, 2020 6:53am Apr 3, 2020 6:53am
have one clear task today... Clear 1640 psychological level and we know you are serious about going up.
1640 hangs last week's high... That is our first major resistance.
Learn... Work Hard... Trade Alone
  • #1,104
  • Apr 3, 2020 7:35am Apr 3, 2020 7:35am
Tada! Chart has told us market was going up.
News is really bad for USD...
I Stay Alive... Till next week Monday.
Learn... Work Hard... Trade Alone
  • #1,105
  • Apr 3, 2020 7:54am Apr 3, 2020 7:54am
Boy...Today is a real trap...you try to predict a breakout, you are chopped alive...You try to go counter trend, you are buried alive...
Arrrrrrrgh..... The only way out is to stay alive with the trend.
Learn... Work Hard... Trade Alone
  • #1,106
  • Apr 3, 2020 7:57am Apr 3, 2020 7:57am
Quoting BiteFX
Boy...Today is a real trap...you try to predict a breakout, you are chopped alive...You try to go counter trend, you are buried alive... Arrrrrrrgh..... The only way out is to stay alive with the trend.
Would you dare to buy after this fall? My prediction is that price will find support at 1599.29.
Always expect unexpected.
  • #1,107
  • Edited 8:57am Apr 3, 2020 8:45am | Edited 8:57am
Quoting Skoljkica
{quote} Would you dare to buy after this fall? My prediction is that price will find support at 1599.29.
I've been long 1610 since morning... I stay Alive till on Monday.
You know I use limit orders...it was activated in the morning... I am expecting a 1R=3R.
May be today, may be next week, in all, I'll still collect money.
Learn... Work Hard... Trade Alone
  • #1,108
  • Apr 3, 2020 10:32am Apr 3, 2020 10:32am
Market has refused to break above 1620 psychological level... If it doesn't until 21:00 GMT+1, I will close the trade manually for some little pips....it may be a bearish set up day towards next week.
Today is a very tricky day.
Learn... Work Hard... Trade Alone
  • #1,109
  • Apr 3, 2020 10:44am Apr 3, 2020 10:44am
Quoting BiteFX
Market has refused to break above 1620 psychological level... If it doesn't until 21:00 GMT+1, I will close the trade manually for some little pips....it may be a bearish set up day towards next week. Today is a very tricky day.
Heavy economic data against the USD, chart parameters facing up, yet gold can't fly?
This is so so terrible.
Learn... Work Hard... Trade Alone
  • #1,110
  • Apr 3, 2020 10:58am Apr 3, 2020 10:58am
Alright, my parameters began to come in in bits, I thought I could wait a little while longer... But, I can't, given what am seeing.
Trade closed manually for 50 pips profit.
1R=0.5R...Not encouraging but am out alive... Not sote
Learn... Work Hard... Trade Alone
  • #1,111
  • Apr 3, 2020 11:00am Apr 3, 2020 11:00am
Total range of Gold today not up to 150pips? Something is fishy.
Learn... Work Hard... Trade Alone
  • #1,112
  • Apr 3, 2020 11:00am Apr 3, 2020 11:00am
Quoting BiteFX
Total range of Gold today not up to 150pips? Something is fishy.
For the now though before market closes.
Learn... Work Hard... Trade Alone
  • #1,113
  • Apr 3, 2020 11:20am Apr 3, 2020 11:20am
I hope we all remember folks...
Trading is war, so we STAY ALIVE!!!
Learn... Work Hard... Trade Alone
  • #1,114
  • Apr 3, 2020 1:54pm Apr 3, 2020 1:54pm
What! Gold has just broken 1620 and it is heading to 1630 wow!
Learn... Work Hard... Trade Alone
  • #1,115
  • Edited 2:16pm Apr 3, 2020 1:56pm | Edited 2:16pm
Quoting BiteFX
What! Gold has just broken 1620 and it is heading to 1630 wow!
The only thing I see difficult here is that 1620-1630 area has a bullish gap of last week's Monday.
That may serve as a resistance to send price down.
Learn... Work Hard... Trade Alone
  • #1,116
  • Apr 3, 2020 2:44pm Apr 3, 2020 2:44pm
Quoting BiteFX
{quote} The only thing I see difficult here is that 1620-1630 area has a bullish gap of last week's Monday. That may serve as a resistance to send price down.
You see what I said...Today is a bull trap o... Kai! Forex is crazy.
Learn... Work Hard... Trade Alone
  • #1,117
  • Apr 3, 2020 2:49pm Apr 3, 2020 2:49pm
Once parameters are completed at the close of today, by Monday we shall know where market is headed...
Chart will always tell us where to go.
Every trading day has a different trend of its own(my observation and conclusion).
Learn... Work Hard... Trade Alone
  • #1,118
  • Apr 3, 2020 3:05pm Apr 3, 2020 3:05pm
Quoting BiteFX
Market has refused to break above 1620 psychological level... If it doesn't until 21:00 GMT+1, I will close the trade manually for some little pips....it may be a bearish set up day towards next week. Today is a very tricky day.
This thought worked out well...to have given me 1R=1R
But, I am not angry with myself... Rather, I am happy it is playing according to pattern.
Learn... Work Hard... Trade Alone
  • #1,119
  • Apr 4, 2020 5:59am Apr 4, 2020 5:59am
Happy weekend folks...
*Trade call reviews.
*Evaluations
*Adjustments
*Conclusions
*Next line of actions.

We Stay Alive...
Learn... Work Hard... Trade Alone
  • #1,120
  • Apr 4, 2020 1:30pm Apr 4, 2020 1:30pm
Quoting BiteFX
Once parameters are completed at the close of today, by Monday we shall know where market is headed... Chart will always tell us where to go. Every trading day has a different trend of its own(my observation and conclusion).
I admire your ways of analyzing daily trends and am continuously learning from everyone on this thread.
keep it up, guys!
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