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Gold Mining - Using Each Trading Day's Trend

  • #1,721
  • Apr 28, 2020 8:08pm Apr 28, 2020 8:08pm
Quoting QuantaMath
Hi All {quote} Great analysis, I Consider a new law for gold trading in my strategy, that I will almost never oppose a double top or the a double bottom. {quote} As well as your chart is completely transparent that what happens next, that, has higher possibility, That's Great Analysis In my chart the thick golden line is the same rayoub's blue resistant line that pointed by arrows, it's very strong support and if the price cross the top line of the channel then expectantly the price move higher. 15M {image} In the daily chart if the red trend line...
Great analysis as well brother!!! yes that line has been a great support so far.
  • #1,722
  • Apr 28, 2020 8:10pm Apr 28, 2020 8:10pm
Quoting rayoub
{quote} Great analysis as well brother!!! yes that line has been a great support so far.
Thanks Brother...
  • #1,723
  • Apr 29, 2020 1:17am Apr 29, 2020 1:17am
Quoting QuantaMath
Hi All {quote} Great analysis, I Consider a new law for gold trading in my strategy, that I will almost never oppose a double top or the a double bottom. {quote} As well as your chart is completely transparent that what happens next, that, has higher possibility, That's Great Analysis In my chart the thick golden line is the same rayoub's blue resistant line that pointed by arrows, it's very strong support and if the price cross the top line of the channel then expectantly the price move higher. 15M {image} In the daily chart if the red trend line...
Well done job brother...
Learn... Work Hard... Trade Alone
  • #1,724
  • Apr 29, 2020 1:26am Apr 29, 2020 1:26am
Quoting BiteFX
Trade idea for Wednesday April 29, 2020. Price locked in between D1 levels and W1 levels, hence we expect two scenarios...together with the levels am watching... 1. Antigravity (Double Bottom Chart pattern) A. 1710.90, 1709.51 - A break and retest from above, Buy limit. B. 1716.00, 1713.49 - Reentries after bullish breakout. C. 1706.12, 1704.05 - (Gut trading) Buy limit. 2. Gravity Continues (More Thrust) A. 1706.12, 1704.05 - A break and retest from below, Sell limit. B. 1702.50 - Reentry after thrust. We Stay Alive. {image}
Buy limit 1707.94... Stop loss at 1700

Quoting BiteFX
{quote} Buy limit 1707.94... Stop loss at 1700
If activated, sote... If not, sote.
I won't chase after the market...always staying alive is better than dying in the market.
Learn... Work Hard... Trade Alone
  • #1,725
  • Apr 29, 2020 2:33am Apr 29, 2020 2:33am
Quoting BiteFX
{quote} Buy limit 1707.94... Stop loss at 1700 {quote} If activated, sote... If not, sote. I won't chase after the market...always staying alive is better than dying in the market.
Alright, am in... I await market judgement.
Stubborn today.
Learn... Work Hard... Trade Alone
  • #1,726
  • Apr 29, 2020 2:45am Apr 29, 2020 2:45am
1706.12 W1 level acting support function...am expecting antigravity from there
But, if market says no way, I stay alive.
Learn... Work Hard... Trade Alone
  • #1,727
  • Apr 29, 2020 2:52am Apr 29, 2020 2:52am
Morning all, great analysis there as always.

I'm expecting bears will move price down to 1689.46/1681.19
So looking for an entry at 1716.21(100%WR) / 1720.50 (38.2% DR)

However, if price finds resistance at 1720.50 and support at 1716.21, then up to 1742.96 (38.2% WR)
Attached Image
Attached Image
Always expect unexpected.
  • #1,728
  • Apr 29, 2020 3:09am Apr 29, 2020 3:09am
Quoting BiteFX
Trade idea for Wednesday April 29, 2020. Price locked in between D1 levels and W1 levels, hence we expect two scenarios...together with the levels am watching... 1. Antigravity (Double Bottom Chart pattern) A. 1710.90, 1709.51 - A break and retest from above, Buy limit. B. 1716.00, 1713.49 - Reentries after bullish breakout. C. 1706.12, 1704.05 - (Gut trading) Buy limit. 2. Gravity Continues (More Thrust) A. 1706.12, 1704.05 - A break and retest from below, Sell limit. B. 1702.50 - Reentry after thrust. We Stay Alive. {image}
Activated fully... I stay alive until market says no way.
Learn... Work Hard... Trade Alone
  • #1,729
  • Edited 4:04am Apr 29, 2020 3:54am | Edited 4:04am
A brief analysis and Current situation of Gold , Hopefully is going to be a logic analysis,
Hidden divergence in H4 , MACD signal cross zero on H1 which is the start of active entry zone,that would be much safer to enter once price break the resistance level on H1
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.jpg Size: 219 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #1,730
  • Apr 29, 2020 5:04am Apr 29, 2020 5:04am
Quoting BiteFX
Trade idea for Tuesday April 28, 2020. Gravity continues...Levels am watching... A. 1721.03, 1719.24 - Sell limit B. 1716.66, 1714.16 - Sell limit C. 1727.45 - a break and retest from above invalidates gravity and reestablishes antigravity. D. 1706.12, 1704.15 - a break and retest from below establishes gravity... But a break below and back above steadily, reestablishes antigravity. We Stay Alive. {image}
Something about this level I said yesterday... Am watching closely to stay alive.
Learn... Work Hard... Trade Alone
  • #1,731
  • Apr 29, 2020 7:41am Apr 29, 2020 7:41am
This is a tough one... Fight for a directional bias around 1707.94 area.
Learn... Work Hard... Trade Alone
  • #1,732
  • Apr 29, 2020 8:02am Apr 29, 2020 8:02am
Quoting BiteFX
This is a tough one... Fight for a directional bias around 1707.94 area.
if bear happen to take price below 1703 and close i expect us to see movement towards 1684-1675, if bulls can regain control comfortably above 1707 I believe we will see immediate upside target of 1714, 1718 possibly 1723.50
  • #1,733
  • Apr 29, 2020 8:11am Apr 29, 2020 8:11am
Quoting rayoub
{quote} if bear happen to take price below 1703 and close i expect us to see movement towards 1684-1675, if bulls can regain control comfortably above 1707 I believe we will see immediate upside target of 1714, 1718 possibly 1723.50
Yes, that's right brother... Am still long, market has threatened to take my stop loss severally. Until it does so, I stay alive.
Today is really crazy.
Learn... Work Hard... Trade Alone
  • #1,734
  • Apr 29, 2020 8:14am Apr 29, 2020 8:14am
Quoting BiteFX
{quote} Something about this level I said yesterday... Am watching closely to stay alive.
Market gave me one more opportunity to exit all my sells from 1703 area alive last hour. Now am watching closely to see where market will go now. as I said if market can close 4hr and hour above 1706.50, I expect this to be used as support and will initiate a buy limit off this level. however if bears manage to continue gravity and close under 1704 I will initiate a sell limit from there . as bite has taught me I will not chase market I will watch and let it come to me (I appreciate all your insight bite it helps me on a daily, especially days like yesterday when acct. took a beating)
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  • #1,735
  • Apr 29, 2020 8:14am Apr 29, 2020 8:14am
Below 1699.68 could drive price down to 1689.46/1681.19 possible even down to 1662.71
Above 1699.68 could drive price up to 1716.21/1732.74 possible even to 1742.96
Attached Image
Always expect unexpected.
  • #1,736
  • Apr 29, 2020 8:16am Apr 29, 2020 8:16am
Quoting BiteFX
{quote} Yes, that's right brother... Am still long, market has threatened to take my stop loss severally. Until it does so, I stay alive. Today is really crazy.
Stop Loss taken...
Learn... Work Hard... Trade Alone
  • #1,737
  • Apr 29, 2020 8:17am Apr 29, 2020 8:17am
Quoting rayoub
{quote} Market gave me one more opportunity to exit all my sells from 1703 area alive last hour. Now am watching closely to see where market will go now. as I said if market can close 4hr and hour above 1706.50, I expect this to be used as support and will initiate a buy limit off this level. however if bears manage to continue gravity and close under 1704 I will initiate a sell limit from there . as bite has taught me I will not chase market I will watch and let it come to me (I appreciate all your insight bite it helps me on a daily, especially...
Great analysis!
Always expect unexpected.
  • #1,738
  • Apr 29, 2020 8:20am Apr 29, 2020 8:20am
Quoting rayoub
{quote} Market gave me one more opportunity to exit all my sells from 1703 area alive last hour. Now am watching closely to see where market will go now. as I said if market can close 4hr and hour above 1706.50, I expect this to be used as support and will initiate a buy limit off this level. however if bears manage to continue gravity and close under 1704 I will initiate a sell limit from there . as bite has taught me I will not chase market I will watch and let it come to me (I appreciate all your insight bite it helps me on a daily, especially...
Learn... Work Hard... Trade Alone
  • #1,739
  • Apr 29, 2020 8:28am Apr 29, 2020 8:28am
Quoting Skoljkica
Below 1699.68 could drive price down to 1689.46/1681.19 possible even down to 1662.71 Above 1699.68 could drive price up to 1716.21/1732.74 possible even to 1742.96 {image}
definitely could see that. if bears pierce through 1699.50 and settle below , definitely expect gravity to take full control. obviously we trade technically so new is not of importance to us,but just keep in mind day is a very eventful day though for USD, with that in mind I will be very cautious with trades from now till end of day
  • #1,740
  • Apr 29, 2020 8:31am Apr 29, 2020 8:31am
Quoting BiteFX
{quote}
lol I know Market loves coming back for some of its losses haha. but we stay alive. 1710.50 has proven time and time again to be a level not to be taken lightly. above almost always support below almost always resistance.
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