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Gold Mining - Using Each Trading Day's Trend

  • #1,441
  • Apr 16, 2020 7:52am Apr 16, 2020 7:52am
Ahh you all had great analysis'. just woke up missed a nice breakout above but Bitefx you definitely called this perfectly . Seems bulls were able to find footing around 1712 and once pushed above 1715 was able to go all the way up. Antigravity as you said.
  • #1,442
  • Apr 16, 2020 7:53am Apr 16, 2020 7:53am
I'm in at 1728.
Price could go down to 1722.00
Always expect unexpected.
  • #1,443
  • Apr 16, 2020 8:04am Apr 16, 2020 8:04am
Quoting Skoljkica
I'm in at 1728. Price could go down to 1722.00
First resistance 1731.42. If price finds it as a resistance bears could take over the market.
Always expect unexpected.
  • #1,444
  • Apr 16, 2020 8:08am Apr 16, 2020 8:08am
I got in at sell at 1730 with tp at 1723. got buy limit at 1721.40 at my support line on the 15m and 30m. next support on 1hr may be 1718.
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  • #1,445
  • Apr 16, 2020 8:14am Apr 16, 2020 8:14am
Meeeeeen... Gold, this pull back is so threatening!
But... I Stay Alive.
Learn... Work Hard... Trade Alone
  • #1,446
  • Apr 16, 2020 8:19am Apr 16, 2020 8:19am
Quoting BiteFX
Meeeeeen... Gold, this pull back is so threatening! But... I Stay Alive.
I agree with you. We jumped in front of a runaway train.
But my opinion is that price should find support at 1722.00. If not, my SL will be hit.
TP at 1731.00
Always expect unexpected.
  • #1,447
  • Apr 16, 2020 8:22am Apr 16, 2020 8:22am
Quoting Skoljkica
{quote} I agree with you. We jumped in front of a runaway train. But my opinion is that price should find support at 1722.00. If not, my SL will be hit. TP at 1731.00
1719.45 should hold
Always expect unexpected.
  • #1,448
  • Apr 16, 2020 8:36am Apr 16, 2020 8:36am
Quoting rayoub
I got in at sell at 1730 with tp at 1723. got buy limit at 1721.40 at my support line on the 15m and 30m. next support on 1hr may be 1718. {image} {image}
went right to the 1he support at 1718 and got rejected pretty nicely. expect some movement back to 1731.
  • #1,449
  • Apr 16, 2020 8:42am Apr 16, 2020 8:42am
Quoting rayoub
{quote} went right to the 1he support at 1718 and got rejected pretty nicely. expect some movement back to 1731.
Wow, great job
  • #1,450
  • Apr 16, 2020 9:07am Apr 16, 2020 9:07am
Quoting QuantaMath
{quote} Wow, great job
I got out the first buy at 1721 at 1727 and rebought in at 1725. a little premature but am expecting with the way bulls rejected 1718 and then 1722 expecting a run up to 1738 at least if not higher.
  • #1,451
  • Apr 16, 2020 9:10am Apr 16, 2020 9:10am
Now, this is reason why 1R=2R or more R is better, today's first trade profit was 220 pips as I posted not too long ago, then this pull back took 100 pips out of it...Am still left with profit.

The last buy for today was 1725... Stop loss at 1715...
We Stay Alive...
Learn... Work Hard... Trade Alone
  • #1,452
  • Apr 16, 2020 9:14am Apr 16, 2020 9:14am
You know, to create a new multi year high won't be that easy...gold needs much force to take the flight.
Learn... Work Hard... Trade Alone
  • #1,453
  • Apr 16, 2020 9:19am Apr 16, 2020 9:19am
Quoting Skoljkica
I'm in at 1728. Price could go down to 1722.00
Quoting Skoljkica
{quote} First resistance 1731.42. If price finds it as a resistance bears could take over the market.
I'm out with the trade. Price came to 1731.42 Manage to take it with profit although I was too early with it.
I will see is it going to be support or resistance.
Attached Image
Always expect unexpected.
  • #1,454
  • Apr 16, 2020 10:47am Apr 16, 2020 10:47am
Quoting Skoljkica
{quote} {quote} I'm out with the trade. Price came to 1731.42 Manage to take it with profit although I was too early with it. I will see is it going to be support or resistance. {image}
Great analysis bro. on point together we can find ways to mine gold much more efficiently.
I missed the exit I was a bit too optimistic and placed my tp much higher lol
  • #1,455
  • Apr 16, 2020 10:50am Apr 16, 2020 10:50am
Quoting rayoub
{quote} Great analysis bro. on point together we can find ways to mine gold much more efficiently. I missed the exit I was a bit too optimistic and placed my tp much higher lol
Me, am even expecting 1745 take profit...we shall get there.
Learn... Work Hard... Trade Alone
  • #1,456
  • Apr 16, 2020 11:25am Apr 16, 2020 11:25am
Quoting BiteFX
{quote} Me, am even expecting 1745 take profit...we shall get there.
I had mine up there as well and was expecting that move. seems bears took advantage when price dropped below 1730. stopp loss hit as well.
  • #1,457
  • Apr 16, 2020 11:46am Apr 16, 2020 11:46am
Meeeeeen... We are back to square one again... Today is even more crazier than yesterday.
Learn... Work Hard... Trade Alone
  • #1,458
  • Apr 16, 2020 12:08pm Apr 16, 2020 12:08pm
Quoting rayoub
trade idea for tomorrow. Bulls were unable to maintain their lead above 1730, 1727, 1723 but held right above 1710 level. I expect bears to take the lead today and possibly drive price down. trade ideas are illustrated. possibly set a sell limit at 1727 with sl at 1735. this move would be invalidated if bulls can take price back comfortably above 1731. more conservative would be to wait for bears to confirm their agenda and then place a sell limit at 1718. {image} {image}
My initial analysis for the day might actually happen now.
  • #1,459
  • Apr 16, 2020 5:43pm Apr 16, 2020 5:43pm
trade ideas for today is we will see bearish pullback to 1680- 1677. Now that price has broken 1708 which was acting as a neckline to a potential hns on 4he. now that price has broken it. sell limit at 1718.50
safer side would be sell limit at 1725
if bulls can drive price back above 1731 then this move will be invalidated.
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  • #1,460
  • Edited 7:06pm Apr 16, 2020 5:58pm | Edited 7:06pm
Trade Idea for Friday March 17, 2020.
Market opened with a Gap down, shows the bears are warming up for gravity.

My Chart is giving me a broadening formation... Which means the market could go any where.
Today, I've got a mixed signal.

Hmmm...But, since there was a gap down, sell limit at 1725....stop loss at 1735. The gap may be closed earlier than we think.
Buy Limi att 1710...stop loss at 1700.

We Stay Alive.
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Learn... Work Hard... Trade Alone
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