Gold Mining - Using Each Trading Day's Trend | Page 65 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #1,281
  • Apr 9, 2020 4:12am Apr 9, 2020 4:12am
Quoting BiteFX
{quote} Great analysis bro.
Thanks
  • #1,282
  • Apr 9, 2020 4:15am Apr 9, 2020 4:15am
Gold eyeing 1675... Antigravity.
Learn... Work Hard... Trade Alone
  • #1,283
  • Apr 9, 2020 4:35am Apr 9, 2020 4:35am
Quoting Skoljkica
{quote} I expect price will find 1667.72 as a resistance and fall down to 1659.00 to confirm it as a support. Then continue its upward movement to 1682.35 (first resistance).
If news from ECB and Russia will be worse than expected, then I am prepared that price maybe won't be able to break 1667.72 and confirm it as a support.
If sell there, TP 1644.04/1636.73.
Always expect unexpected.
  • #1,284
  • Apr 9, 2020 5:03am Apr 9, 2020 5:03am
Expecting a pull back from here 1662 before antigravity continues.
Learn... Work Hard... Trade Alone
  • #1,285
  • Apr 9, 2020 6:39am Apr 9, 2020 6:39am
Sometimes I feel like a cat waiting for its catch. She is so patient that her catch can slowly walk away, doesn't even have to run.
Didn't enter short at 1663.67, with TP 1659.00
Now, I'm waiting 1667.72 to enter short position with potential TP 1644.04
Always expect unexpected.
  • #1,286
  • Apr 9, 2020 6:51am Apr 9, 2020 6:51am
Quoting Skoljkica
Sometimes I feel like a cat waiting for its catch. She is so patient that her catch can slowly walk away, doesn't even have to run. Didn't enter short at 1663.67, with TP 1659.00 Now, I'm waiting 1667.72 to enter short position with potential TP 1644.04
Most of the time it is better the cat let go of a dangerous catch for a more better better one.
Learn... Work Hard... Trade Alone
  • #1,287
  • Edited 7:09am Apr 9, 2020 6:56am | Edited 7:09am
Quoting BiteFX
{quote} Most of the time it is better the cat let go of a dangerous catch for a more better better one.
Agree with you. I like to see bigger fish on the plate.
But, in the meantime I managed to scalp 15 pips in a minute. Still waiting for 1667.72
Always expect unexpected.
  • #1,288
  • Apr 9, 2020 7:39am Apr 9, 2020 7:39am
Quoting Skoljkica
{quote} Agree with you. I like to see bigger fish on the plate. But, in the meantime I managed to scalp 15 pips in a minute. Still waiting for 1667.72
Manage to scalp this.
I expect one more push up. Maybe to 1672.58 (50% QR)
Attached Image
Always expect unexpected.
  • #1,289
  • Apr 9, 2020 7:45am Apr 9, 2020 7:45am
Quoting Skoljkica
{quote} Manage to scalp this. I expect one more push up. Maybe to 1672.58 (50% QR) {image}
1672.58 reached, I was to slow to catch it. But no sell for me anymore.
1667.72 can act as a support. I will wait and see.
Attached Image
Always expect unexpected.
  • #1,290
  • Apr 9, 2020 8:06am Apr 9, 2020 8:06am
I must admit, this was one of my best week so far. I didn't have one negative trade.
I am done for today and I will take a long weekend until Tuesday.

Also, Bite this is great thread. I'm happy to be part of it.

Enjoy your weekend.
Always expect unexpected.
  • #1,291
  • Apr 9, 2020 8:55am Apr 9, 2020 8:55am
Quoting BiteFX
{quote} It is very dangerous to try to predict a breakout...Best option... Allow it to happen, then follow its direction. {quote} This is because the market is always right, and will always go wherever it decides or wants with or without you. So, stay alive.
Great analysis bro. Spot on thanks for sharing and quantamath and Skol I appreciate you guys posts as well. I am learning everyday.
  • #1,292
  • Apr 9, 2020 9:00am Apr 9, 2020 9:00am
Quoting rayoub
{image}
this specific move I was waiting to happen on Apr. 7, but took it's time, market still wanted to go there, so it went. Now I am seeing what you mean Bitefx with sticking to your trade plan and going for it. As I said before that's what I admire about this thread you all post your plans and stick to it.
  • #1,293
  • Apr 9, 2020 9:33am Apr 9, 2020 9:33am
Quoting Skoljkica
I must admit, this was one of my best week so far. I didn't have one negative trade. I am done for today and I will take a long weekend until Tuesday. Also, Bite this is great thread. I'm happy to be part of it. Enjoy your weekend.
My pleasure.
C'mon Skoljkica! You know how we do it... We Stay Alive!
Learn... Work Hard... Trade Alone
  • #1,294
  • Apr 9, 2020 9:48am Apr 9, 2020 9:48am
Quoting rayoub
{quote} 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
Sorry chart did not reattach but this move occurred today still off of our 1642-1643 support area. 1st target of 1679.50 was reached . If bulls keep up the rally could be eyeing 1700 psch level. my trend line shows target as 1715.
Attached Image(s) (click to enlarge)
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  • #1,295
  • Apr 9, 2020 12:41pm Apr 9, 2020 12:41pm
Bulls continued their rally above 1669.50 (1670) once it reached target of 1679.50 (1680) , market retested 1670 and rallied back above 1680 where it was met with 1690 pscych level. if bulls finish off the day above 1682 we may see a retest of 1670-1680 before rallying to 1700+, if not bears might take price back down to 1655-1665 to have bulls take over again. We will see where the market takes us.
Attached Image (click to enlarge)
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  • #1,296
  • Apr 9, 2020 9:04pm Apr 9, 2020 9:04pm
Quoting rayoub
Bulls continued their rally above 1669.50 (1670) once it reached target of 1679.50 (1680) , market retested 1670 and rallied back above 1680 where it was met with 1690 pscych level. if bulls finish off the day above 1682 we may see a retest of 1670-1680 before rallying to 1700+, if not bears might take price back down to 1655-1665 to have bulls take over again. We will see where the market takes us. {image}
I believe 1670 was retested according to metal mines xauusd chart above. but guess long weekend. Till next week you guys!
  • #1,297
  • Apr 10, 2020 7:58am Apr 10, 2020 7:58am
Happy Long Holiday To You Guys... Good Friday and Great Weekend Friends.
Learn... Work Hard... Trade Alone
  • #1,298
  • Apr 11, 2020 5:18am Apr 11, 2020 5:18am
Whatever religion you are, I wish you to enjoy your weekend with your family.
Always expect unexpected.
  • #1,299
  • Apr 12, 2020 1:47pm Apr 12, 2020 1:47pm
These are my guiding trading philosophies(taken from first page, first post). When internalised can do wonders.
Happy New Trading Week... Let's make some money...We Stay Alive brothers.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200412_194114_992.jpg Size: 177 KB
Learn... Work Hard... Trade Alone
  • #1,300
  • Apr 12, 2020 5:18pm Apr 12, 2020 5:18pm
Oh o! that's good, easter Monday didnt stop metals from moving so let's get down our analysis.
Learn... Work Hard... Trade Alone
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