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Gold Mining - Using Each Trading Day's Trend

  • #1,121
  • Apr 4, 2020 3:44pm Apr 4, 2020 3:44pm
Quoting coconutbarn
{quote} I admire your ways of analyzing daily trends and am continuously learning from everyone on this thread. keep it up, guys!
Thanks coconutbarn...we all ensure that we stay alive...
Learn... Work Hard... Trade Alone
  • #1,122
  • Apr 5, 2020 11:28am Apr 5, 2020 11:28am
Quoting QuantaMath
{quote} I have been long 1591 since an hour ago.
Attached Image (click to enlarge)
Click to Enlarge Name: dtb.png Size: 43 KB


4 last double top/bottom patterns,
and the number 4 might be fail double top, because the resistant 1620 and golden trend line break

No.4 the probable failed double top before the resistant 1620 break
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 27 KB


Thanks to BiteFX for advice for No.3 for stay in Long after the price was moving down to 1585.
  • #1,123
  • Apr 5, 2020 12:25pm Apr 5, 2020 12:25pm
Quoting QuantaMath
{quote} {image} 4 last double top/bottom patterns, and the number 4 might be fail double top, because the resistant 1620 and golden trend line break No.4 the probable failed double top before the resistant 1620 break {image} Thanks to BiteFX for advice for No.3 for stay in Long after the price was moving down to 1585.
My pleasure
You know the market is our judge...we're right or wrong only if it says so.
Learn... Work Hard... Trade Alone
  • #1,124
  • Apr 5, 2020 3:11pm Apr 5, 2020 3:11pm
Hey guys, please I will be posting my trade ideas immediately after the market closes for a given trading day.

The heading will be...Trade ideas for tomorrow...day & date.

This will start on Monday, March 6, 2020.
We Stay Alive.
Learn... Work Hard... Trade Alone
  • #1,125
  • Edited Apr 6, 2020 4:43pm Apr 5, 2020 5:16pm | Edited Apr 6, 2020 4:43pm
Trade Idea for tomorrow... Monday April 6, 2020.

Friday provided a bull trap that trapped some stubborn bulls. It was a bear trade set up day.

Red trendlines are crossed(means an end for the bullish run) , Blue trendlines giving a broadening formation(shows confusion on the chart), green facing up(makes it more difficult for the bulls to want to give up their positions).

Trade Idea...(a). Sell Limit order at 1620...stop loss at 1630.(b). Allow price break 1610 downward, then initiate a sell limit order...stop loss at 1620.

Note: I am always wrong until the market says I am right.
We Stay Alive.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200405_153220_786.jpg Size: 94 KB
Learn... Work Hard... Trade Alone
  • #1,126
  • Edited 4:45pm Apr 6, 2020 12:23am | Edited 4:45pm
Quoting BiteFX
Trade Idea for tomorrow... Monday April 6, 2020. Friday provided a bull trap that trapped some stubborn bulls. It was a bear trade set up day. Red trendlines are crossed(means an end for the bullish run) , Blue trendlines giving a broadening formation(shows confusion on the chart), green facing up(makes it more difficult for the bulls to want to give up their positions). Trade Idea...(a). Sell Limit order at 1620...stop loss at 1630.(b). Allow price break 1610 downward, then initiate a sell limit order...stop loss at 1620. Note: I am always...
Alright, on waking up this morning I saw that trade is already running.
Sell limit already activated at 1620...We Stay Alive
Learn... Work Hard... Trade Alone
  • #1,127
  • Apr 6, 2020 12:58am Apr 6, 2020 12:58am
It will take 1620-1630 psychological level to be broken upwards for the bulls to show that they mean business today.
Learn... Work Hard... Trade Alone
  • #1,128
  • Apr 6, 2020 1:41am Apr 6, 2020 1:41am
Stop loss almost hit...Market the judge is making a point clear. Let's see what happens.
Learn... Work Hard... Trade Alone
  • #1,129
  • Apr 6, 2020 1:46am Apr 6, 2020 1:46am
Quoting BiteFX
Stop loss almost hit...Market the judge is making a point clear. Let's see what happens.
Hit...Widespread took me out before market price got there.
Market says am wrong.
Learn... Work Hard... Trade Alone
  • #1,130
  • Apr 6, 2020 2:34am Apr 6, 2020 2:34am
1620 broken...Gold moving toward 1630...a break above this level shows they mean business... And may trigger a runaway market to the 1700 levels.
Learn... Work Hard... Trade Alone
  • #1,131
  • Apr 6, 2020 2:56am Apr 6, 2020 2:56am
Morning all.

Today deciding line for gold is 1620.36, so I'm expecting one more push down for price to confirm it as a support line.
If it holds, then up to 1636.73 as a first resistance line and until the end of the day up to 1653.09.
If broken below 1620.36 down to 1605.73 where price could find support and go up to 1620.36/1629.41
If 1605.73 can't hold, then down to 1582.05
Attached Image
Attached Image
Always expect unexpected.
  • #1,132
  • Apr 6, 2020 3:02am Apr 6, 2020 3:02am
Quoting Skoljkica
Morning all. Today deciding line for gold is 1620.36, so I'm expecting one more push down for price to confirm it as a support line. If it holds, then up to 1636.73 as a first resistance line and until the end of the day up to 1653.09. If broken below 1620.36 down to 1605.73 where price could find support and go up to 1620.36/1629.41 If 1605.73 can't hold, then down to 1582.05 {image}{image}
Good morning Skoljkica... Thanks for your analysis brother.
Learn... Work Hard... Trade Alone
  • #1,133
  • Apr 6, 2020 3:04am Apr 6, 2020 3:04am
1630 broken...and the s are still attempting to spike higher.
Learn... Work Hard... Trade Alone
  • #1,134
  • Apr 6, 2020 3:37am Apr 6, 2020 3:37am
enjoying antigravity at the moment.
Learn... Work Hard... Trade Alone
  • #1,135
  • Apr 6, 2020 3:45am Apr 6, 2020 3:45am
1636.73 on the way.
I'm expecting price will find resistance there and go down to 1622.04/1620.36 which could act as a support
Always expect unexpected.
  • #1,136
  • Apr 6, 2020 4:03am Apr 6, 2020 4:03am
Quoting Skoljkica
1636.73 on the way. I'm expecting price will find resistance there and go down to 1622.04/1620.36 which could act as a support
Entered the trade.
SL around 1640.00
Potential TP 1622.00
Attached Image


I am expecting price could find support at 1630.87/1629.41 so I will probably close my trade there, with 55 pips profit.
Always expect unexpected.
  • #1,137
  • Apr 6, 2020 4:23am Apr 6, 2020 4:23am
Quoting Skoljkica
{quote} Entered the trade. SL around 1640.00 Potential TP 1622.00 {image} I am expecting price could find support at 1630.87/1629.41 so I will probably close my trade there, with 55 pips profit.
Closed it at 1635, I am expecting one more push up to reenter the trade, possible up to 1640.00
Always expect unexpected.
  • #1,138
  • Apr 6, 2020 6:10am Apr 6, 2020 6:10am
I think price could go more down, so looking at possible short around 1640/1642.
Will see the price action.
Always expect unexpected.
  • #1,139
  • Apr 6, 2020 6:26am Apr 6, 2020 6:26am
Alright, total loss today 200pips...I stay alive till next trading day's parameters.
Learn... Work Hard... Trade Alone
  • #1,140
  • Apr 6, 2020 6:32am Apr 6, 2020 6:32am
Quoting Skoljkica
I think price could go more down, so looking at possible short around 1640/1642. Will see the price action.
Price found resistance at 1642.17
1636.73 can act as a support.
Attached Image
Always expect unexpected.
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