Gold Mining - Using Each Trading Day's Trend | Page 94 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Scalping Gold using WPR 1,019 replies

Which standard Indicators are most related to each other? 2 replies

Gold Mining II - Using Reference Lines 13 replies

An idea for building wealth...using only gold 9 replies

Trading Gold - An End of Day System 27 replies

Attachments: Gold Mining - Using Each Trading Day's Trend
Exit Attachments

Gold Mining - Using Each Trading Day's Trend

  • #1,861
  • May 5, 2020 4:33pm May 5, 2020 4:33pm
Trade Idea for Wednesday May 6, 2020.
Expecting a breakout...
Levels am watching...With trend lines pointing down,

A. 1720.53 - A break above shows bulls have taken over.
B. 1688.17 - A break below shows bears are in charge.
C. 1714.35 - Resistance
D. 1694.35 - Support

During the day, we will see how these levels react and possible actions to take.

We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200505_221327.jpg Size: 102 KB
Learn... Work Hard... Trade Alone
  • #1,862
  • Edited 4:08am May 6, 2020 2:45am | Edited 4:08am
I am watching to buy at 1702.62 after the price breaks it downwards and test it again.
TP 1713.03

If price finds support at 1713.03 bulls could move it up to 1729.86
If price can't hold 1702.62 bears could move it down to 1694.21/1688.08
Attached Image
Always expect unexpected.
  • #1,863
  • May 6, 2020 7:52am May 6, 2020 7:52am
Quoting BiteFX
Trade Idea for Wednesday May 6, 2020. Expecting a breakout... Levels am watching...With trend lines pointing down, A. 1720.53 - A break above shows bulls have taken over. B. 1688.17 - A break below shows bears are in charge. C. 1714.35 - Resistance D. 1694.35 - Support During the day, we will see how these levels react and possible actions to take. We Stay Alive {image}
I expect a bullish pullback from D. to either 1700.53 or 1698.17.
Part of my Friday's short positions would have been closed.
Then I will sell from either of those levels again.
Learn... Work Hard... Trade Alone
  • #1,864
  • May 6, 2020 7:54am May 6, 2020 7:54am
Am still alive though...Longest trade I have ever held...so funny gold.
Learn... Work Hard... Trade Alone
  • #1,865
  • May 6, 2020 8:05am May 6, 2020 8:05am
Quoting BiteFX
{quote} I expect a bullish pullback from D. to either 1700.53 or 1698.17. Part of my Friday's short positions would have been closed. Then I will sell from either of those levels again.
oh! What a thrust!
Achieved...part of my capital freed for further execution.
Learn... Work Hard... Trade Alone
  • #1,866
  • May 6, 2020 8:20am May 6, 2020 8:20am
Market moving as predicted...Most times you stay alive with your parameters until market tells you, guy you are damn wrong.
One last position to be closed to give me a clear head again.
Gold, am tired fighting.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200506_141713.jpg Size: 114 KB
Learn... Work Hard... Trade Alone
  • #1,867
  • May 6, 2020 8:29am May 6, 2020 8:29am
Quoting BiteFX
Market moving as predicted...Most times you stay alive with your parameters until market tells you, guy you are damn wrong. One last position to be closed to give me a clear head again. Gold, am tired fighting. {image}
congrats mate, now have to think about next move wisely
  • #1,868
  • May 6, 2020 8:47am May 6, 2020 8:47am
Quoting Fares121
{quote} congrats mate, now have to think about next move wisely
Thank you...
Learn... Work Hard... Trade Alone
  • #1,869
  • May 6, 2020 9:03am May 6, 2020 9:03am
Quoting Skoljkica
If price can't hold 1702.62 bears could move it down to 1694.21/1688.08 {image}
Price found support at 1688.08
1694.21 can act as a support or resistance, I will wait and see.
Possible one more push down to 1688.08/1684.20 and up to 1713.03
Attached Image
Always expect unexpected.
  • #1,870
  • May 6, 2020 9:19am May 6, 2020 9:19am
Quoting BiteFX
Market moving as predicted...Most times you stay alive with your parameters until market tells you, guy you are damn wrong. One last position to be closed to give me a clear head again. Gold, am tired fighting. {image}
This week I have been changed my reaction to price action in 15m time frame and enter with a less lot than usual. Most of them are correct and they had a little negative edge and most of them had 20 pips as negative edge but no tp`s had activated, because I expected more than 100 pips but most of the time move 50 to 70 pips and then the price got back to touch sl at the entry point. The interesting thing is most of them that did not reach had a short term, price action' signal.
I will try to optimize this little change for 1h and 4h time frame and wider move of price.
You are completely right. We should stay with our parameters and listen to the market, I have learned this lesson from you in the last two week.
  • #1,871
  • May 6, 2020 9:39am May 6, 2020 9:39am
Quoting QuantaMath
{quote} This week I have been changed my reaction to price action in 15m time frame and enter with a less lot than usual. Most of them are correct and they had a little negative edge and most of them had 20 pips as negative edge but no tp`s had activated, because I expected more than 100 pips but most of the time move 50 to 70 pips and then the price got back to touch sl at the entry point. The interesting thing is most of them that did not reach had a short term, price action' signal. I will try to optimize this little change for 1h and 4h time...
That's right brother...Well done job.
Learn... Work Hard... Trade Alone
  • #1,872
  • May 6, 2020 9:45am May 6, 2020 9:45am
Wow! Now am free to trade again...Capital fully freed.
I CAME OUT ALIVE...LOLS
Learn... Work Hard... Trade Alone
  • #1,873
  • May 6, 2020 10:27am May 6, 2020 10:27am
Quoting BiteFX
Wow! Now am free to trade again...Capital fully freed. I CAME OUT ALIVE...LOLS
Oh good for you dude.
  • #1,874
  • May 6, 2020 10:37am May 6, 2020 10:37am
Quoting Mykamran
{quote} Oh good for you dude.
Thanks man...
Learn... Work Hard... Trade Alone
  • #1,875
  • May 6, 2020 10:52am May 6, 2020 10:52am
Quoting BiteFX
Am still alive though...Longest trade I have ever held...so funny gold.
I am happy you held the trades my friend, market definitely gave you the opportunity to not have to close out with the losses yesterday. I too have held gold over a period of days, sometimes is necessary to see the move completed without having to exit and lose capital.
  • #1,876
  • May 6, 2020 10:52am May 6, 2020 10:52am
Quoting BiteFX
Trade Idea for Wednesday May 6, 2020. Expecting a breakout... Levels am watching...With trend lines pointing down, A. 1720.53 - A break above shows bulls have taken over. B. 1688.17 - A break below shows bears are in charge. C. 1714.35 - Resistance D. 1694.35 - Support During the day, we will see how these levels react and possible actions to take. We Stay Alive {image}
Alright, B. Broken... are in charge...
Learn... Work Hard... Trade Alone
  • #1,877
  • May 6, 2020 10:53am May 6, 2020 10:53am
Quoting BiteFX
Wow! Now am free to trade again...Capital fully freed. I CAME OUT ALIVE...LOLS
oh man great feeling lol
  • #1,878
  • May 6, 2020 10:53am May 6, 2020 10:53am
Quoting BiteFX
{quote} Alright, B. Broken... are in charge...
But, we are expecting a good pullback for a Shorting opportunity....Gravity
Learn... Work Hard... Trade Alone
  • #1,879
  • May 6, 2020 10:54am May 6, 2020 10:54am
Quoting rayoub
{quote} oh man great feeling lol
Thanks brother...
Learn... Work Hard... Trade Alone
  • #1,880
  • May 6, 2020 10:57am May 6, 2020 10:57am
Quoting rayoub
{quote} I am happy you held the trades my friend, market definitely gave you the opportunity to not have to close out with the losses yesterday. I too have held gold over a period of days, sometimes is necessary to see the move completed without having to exit and lose capital.
Yes, you're right brother.
Learn... Work Hard... Trade Alone
4 traders viewing now