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Gold Mining - Using Each Trading Day's Trend

  • #1,201
  • Apr 7, 2020 6:09am Apr 7, 2020 6:09am
Quoting Skoljkica
{quote} Entered another one at 1657.58 Since I hurried with previous one, my TP for both is at 1653.09.
Price hit 1653.09, but I didn't close it.
Decided to leave trades according to my first plan with TP 1644.04.
But, I won't leave both tradings, I will close first, lower one around 1650.50 with little profit if spread is not going to be 20 pips.
Always expect unexpected.
  • #1,202
  • Apr 7, 2020 6:55am Apr 7, 2020 6:55am
Quoting Skoljkica
{quote} Entered another one at 1657.58 Since I hurried with previous one, my TP for both is at 1653.09.
Hmmm... Skoljkica the scalper!
Learn... Work Hard... Trade Alone
  • #1,203
  • Apr 7, 2020 7:09am Apr 7, 2020 7:09am
Bulls and bears are still fighting around 1653.09
I am expecting one more push up and then nice fall. But if there is no push higher I don't mind.
I still have first entry open.
Always expect unexpected.
  • #1,204
  • Apr 7, 2020 7:20am Apr 7, 2020 7:20am
Quoting Skoljkica
Bulls and bears are still fighting around 1653.09 I am expecting one more push up and then nice fall. But if there is no push higher I don't mind. I still have first entry open.
Price did one more push up, so I added another entry at 1659.00
Mental SL 1667.72

Also, my indicator notified me that USD has reached low level, which means we should soon have reversal.
Just my observation.
Attached Image
Always expect unexpected.
  • #1,205
  • Apr 7, 2020 7:29am Apr 7, 2020 7:29am
Quoting Skoljkica
{quote} Price did one more push up, so I added another entry at 1659.00 Mental SL 1667.72 Also, my indicator notified me that USD has reached low level, which means we should soon have reversal. Just my observation. {image}
Price still rises. First resistance line is 1662.89
Let's see will it act as a resistance. If not, up to 1667.72.
Always expect unexpected.
  • #1,206
  • Apr 7, 2020 7:57am Apr 7, 2020 7:57am
Quoting Skoljkica
{quote} Price did one more push up, so I added another entry at 1659.00 Mental SL 1667.72 {image}
Closed entry again at 1653.09.
Still have first trade open. The same scenario as earlier.
I'm very satisfied how things are going.
But I don't think price has strength to rise - I see 1657.0o as the highest point
Always expect unexpected.
  • #1,207
  • Apr 7, 2020 8:04am Apr 7, 2020 8:04am
1660 psychological level acting as a resistance finely.
I think a bearish day trade setup is underway...anything is possible....this is Forex.
Learn... Work Hard... Trade Alone
  • #1,208
  • Apr 7, 2020 8:07am Apr 7, 2020 8:07am
Quoting Skoljkica
{quote} Closed entry again at 1653.09. Still have first trade open. The same scenario as earlier. I'm very satisfied how things are going. But I don't think price has strength to rise - I see 1657.0o as the highest point
If you see today as your day... C'mon take as much as you can.
Learn... Work Hard... Trade Alone
  • #1,209
  • Apr 7, 2020 8:11am Apr 7, 2020 8:11am
Quoting BiteFX
{quote} If you see today as your day... C'mon take as much as you can.
Of course. I've closed all my trades. If price continues down without another pull back, I don't mind. But looking at it I think it shall go higher right now.
Always expect unexpected.
  • #1,210
  • Apr 7, 2020 9:12am Apr 7, 2020 9:12am
Quoting Skoljkica
1653.09 is broken, price is heading to 1644.04 Could that happen in next 15 minutes so H4 candles opens right on 1644.04? Is that going to affect price momentum and change direction? I will wait and see. {image}
Price reached 1644.04
Now waiting for it to confirm resistance at 1652/1653 for another sell with TP 1636.73
Attached Image
Always expect unexpected.
  • #1,211
  • Edited 9:43am Apr 7, 2020 9:29am | Edited 9:43am
Quoting Skoljkica
{quote} Price reached 1644.04 Now waiting for it to confirm resistance at 1652/1653 for another sell with TP 1636.73 {image}
Jumped in front of a runaway train, I was little impatient to wait for price to reach 1655.
TP 1636.73
SL tight
I will probably close it at 1644.04 and end my day with it.
Attached Image
Always expect unexpected.
  • #1,212
  • Apr 7, 2020 9:45am Apr 7, 2020 9:45am
Quoting Skoljkica
{quote} Jumped in front of a runaway train, I was little impatient to wait for price to reach 1655. TP 1636.73 SL tight I will probably close it at 1644.04 and end my day with it. {image}
Ensure you come out alive
Learn... Work Hard... Trade Alone
  • #1,213
  • Apr 7, 2020 9:49am Apr 7, 2020 9:49am
Quoting BiteFX
{quote} Ensure you come out alive
I just did. London closes it 10 minutes, there could be high volatility.
Always expect unexpected.
  • #1,214
  • Apr 7, 2020 11:18am Apr 7, 2020 11:18am
Quoting rayoub
just wanted to post my thought as well. my charts might not be as clean as you alls so I apologize. I'm still learning to master it but bears might push it back to 1642-1643 support where bulls will take it back to 1715. {image}
Hey all, Looks as if bears managed to take it to 1642 however bulls quickly took it back to 1655. If bulls can take it higher than 1665 again might make its run to 1679.50
  • #1,215
  • Apr 7, 2020 11:22am Apr 7, 2020 11:22am
Bite fx and skoljkica u both are awesome , am learning from both of you as much every day , big thanks to both of u guys .
  • #1,216
  • Apr 7, 2020 11:25am Apr 7, 2020 11:25am
Attached Image (click to enlarge)
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  • #1,217
  • Apr 7, 2020 1:05pm Apr 7, 2020 1:05pm
Quoting Mostafamu
Bite fx and skoljkica u both are awesome , am learning from both of you as much every day , big thanks to both of u guys .
You are welcomed here... Let's mine Gold together...
Learn... Work Hard... Trade Alone
  • #1,218
  • Apr 7, 2020 3:02pm Apr 7, 2020 3:02pm
Market refused to go to 1640...1650 acted as a support... Clearly, aren't done yet.
Learn... Work Hard... Trade Alone
  • #1,219
  • Apr 7, 2020 4:45pm Apr 7, 2020 4:45pm
Trade Idea for tomorrow... Wednesday April 8, 2020.
There was a bearish pull back from 1670 psych level to around 1650.
We still expect the pull back to get to around 1640 psych level before the bulls continue their run to may be 1680-1700 levels.

Red trendlines are crossed upwards(signals reversal). Green trendlines pointing upwards says bulls aren't done yet. Blue trendlines are crossed pointing downwards( bears may go down a little more).

Trade idea... Buy limit at 1640...stop loss at 1630.
If price gets to 1660 first, we sell from there before the buy.

A break above 1670-1680 continues the bullish move. While a break below 1610 may show the bears are back.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200407_224010_308.jpg Size: 97 KB
Learn... Work Hard... Trade Alone
  • #1,220
  • Apr 7, 2020 6:33pm Apr 7, 2020 6:33pm
Quoting BiteFX
Trade Idea for tomorrow... Wednesday April 8, 2020. There was a bearish pull back from 1670 psych level to around 1650. We still expect the pull back to get to around 1640 psych level before the bulls continue their run to may be 1680-1700 levels. Red trendlines are crossed upwards(signals reversal). Green trendlines pointing upwards says bulls aren't done yet. Blue trendlines are crossed pointing downwards( bears may go down a little more). Trade idea... Buy limit at 1640...stop loss at 1630. If price gets to 1660 first, we sell from there before...
Definitely agree with that. Seems bulls had a hard time staying above maintaining above 1660 if it tries 1660 first and is rejected might pull back to 1637 support on the 30 min tf. if bears continue downward pressure could go to 1631-1632 support on 1hr tf.
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