{quote} Stop Loss taken...
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Gold Mining - Using Each Trading Day's Trend
- #1,741
- Apr 29, 2020 8:33am Apr 29, 2020 8:33am
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
- #1,742
- Apr 29, 2020 8:37am Apr 29, 2020 8:37am
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} lol I knowMarket 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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- #1,743
- Apr 29, 2020 9:32am Apr 29, 2020 9:32am
- Joined Mar 2020 | Status: Trader | 1,524 Posts
{quote} No more trade entries for me today until tomorrow... Adios guys
- #1,745
- Apr 29, 2020 5:24pm Apr 29, 2020 5:24pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
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- #1,746
- Edited 5:59pm Apr 29, 2020 5:48pm | Edited 5:59pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
Trade idea for Thursday April 30, 2020. Levels am watching for the last trading day of this month. A. 1712.07 - Sell B. 1709.41 - Sell C. 1706.89 - Sell D. 1704.70 - Sell {image}
Market has been crazy through out this month, let's rap it up with the most craziest day of the month.
We Stay Alive
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{quote} Can explain why are you watching for short ? the last green candle of your chart did not appear on my chart as well as on OANDA and SAXO at trading view?
After Strong support at 1698.86, the green line, then the price throw above the insisting resistant area between 1711 and 1712. After touching 1717.60 then it's going to shape a pullback of crossing the insisting resistance. If the pullback confirms than the price expectantly to meet between 1727 and 1729, at least.
- #1,749
- Apr 29, 2020 6:26pm Apr 29, 2020 6:26pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
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- #1,750
- Apr 29, 2020 6:35pm Apr 29, 2020 6:35pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} Can explain why are you watching for short ? the last green candle of your chart did not appear on my chart as well as on OANDA and SAXO at trading view?
My thought is this, this sell is the 5th wave.
And my trading trend lines are pointing downward.
Market has the final say, am just making my projections you know.
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- #1,752
- Apr 29, 2020 7:40pm Apr 29, 2020 7:40pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
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- #1,754
- Edited 8:20pm Apr 29, 2020 8:09pm | Edited 8:20pm
- Joined Apr 2019 | Status: Trader | 204 Posts
{quote} Zooming in on my chart, the buy looked an ABC correction on a 12345 wave count. My thought is this, this sell is the 5th wave. And my trading trend lines are pointing downward. Market has the final say, am just making my projections you know.
I read some texts about Elliot theory but I am not expert, but I recognized the pattern on your chart.
And Thanks for sharing your Analysis
Here is my wave counting chart but because I am not expert in Elliot theory i can't explain the wave 2(the blue one) but if its be true then it's explain that we are in wave 3 of new impulsive wave or may tends to complete the 2'. I admit that counting correctly in Elliott's theory is unforgivable.
A another point is the light blue trend line which it was broke and and the pullback confirm yesterday but may be it will be failed. and I believe that in a down trend if the price break a steeper slope trend line then the price tends to visit the slower slope trend line the blue dashed line at above.
For me I just try to control sl to risk free for holding my positions
You are right, Market has the final say, And this forum is an excellent class for me.
- #1,756
- Apr 30, 2020 12:52am Apr 30, 2020 12:52am
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} I do not trade by Elliot theory, I am trading just pure price action, I would like to find the ability to reading a naked chart just by candles and less trend lines, based on the law KISS. At previous post`s chart my idea based on golden trend line which is significant support. I read some texts about Elliot theory but I am not expert, but I recognized the pattern on your chart. And Thanks for sharing your Analysis Here is my wave counting chart but because I am not expert in Elliot theory i can't explain the wave 2(the blue one) but if...
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- #1,757
- Apr 30, 2020 3:07am Apr 30, 2020 3:07am
Morning all.
I'm with the bulls today.
I'm expecting price to find support at 1716.21/1714.00
TP 1742.96/1745.31
Currently waiting for one more push down.
1716.21 is price where bulls and bears have strong battle. If price can't find support at 1716.21 then down to 1711.62/170924 as a first support line.
I'm with the bulls today.
I'm expecting price to find support at 1716.21/1714.00
TP 1742.96/1745.31
Currently waiting for one more push down.
1716.21 is price where bulls and bears have strong battle. If price can't find support at 1716.21 then down to 1711.62/170924 as a first support line.
Always expect unexpected.
- #1,758
- Apr 30, 2020 3:16am Apr 30, 2020 3:16am
Morning all. I'm with the bulls today. I'm expecting price to find support at 1716.21/1714.00 TP 1742.96/1745.31 Currently waiting for one more push down. {image}{image} 1716.21 is price where bulls and bears have strong battle. If price can't find support at 1716.21 then down to 1711.62/170924 as a first support line.
SL tight.
Let's see what the market has to say.
Always expect unexpected.
Brother.