buy limit at 1709.75 activated. we will see where we go.
1
Gold Mining - Using Each Trading Day's Trend
- #1,942
- May 8, 2020 8:00am May 8, 2020 8:00am
I am expecting bulls to lead the market up to 1729.86, but first pullback down to 1713.03/1708.89 where I am waiting for my entry. Bulls are already exhausted and in range between 1729.86 to 1737.99 there are 3 major resistance lines, so I am expecting price to find resistance there and possible down to 1705.16/1702.62 {image}{image}
Always expect unexpected.
- #1,945
- May 8, 2020 12:47pm May 8, 2020 12:47pm
- Joined Mar 2020 | Status: Trader | 1,524 Posts
So after some analyzing and remembering what was talked about yesterday in here taking profits have closed all longs at 1719. price seemed to have difficulty passing that area. Long still intact for me but I would rather take peofits stay alive as BITEFX always reminds us and reinstate a better buy position around 1700 area. No use riding a perfectly good positive to a negative just to have it go back up. collect profits increase capital and we survive. I am done for the day you guys I hope you all have a great weekend. till next time bite skol,and quanta 
Used demo acct all week but definitely got confidence back up, sometimes its needed after big loss to get you thinking straight again and know that sometimes shit just doesn't go your way. Markets do what markets do.
Used demo acct all week but definitely got confidence back up, sometimes its needed after big loss to get you thinking straight again and know that sometimes shit just doesn't go your way. Markets do what markets do.
- #1,946
- May 8, 2020 2:17pm May 8, 2020 2:17pm
- Joined Mar 2020 | Status: Trader | 1,524 Posts
making its way nicely 
- #1,947
- Edited 3:30pm May 8, 2020 2:28pm | Edited 3:30pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
Market has been dealing in a wide range...and as such weep-sawing my trades and account balance.
I have not been really happy...This is not Sote.
No good follow through on a move...my time will come.
I have not been really happy...This is not Sote.
No good follow through on a move...my time will come.
Learn... Work Hard... Trade Alone
- #1,948
- May 8, 2020 2:31pm May 8, 2020 2:31pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
In all, we should know that no one single trading system thrives in all market condition...So, I Stay Alive.
Learn... Work Hard... Trade Alone
- #1,949
- May 8, 2020 2:56pm May 8, 2020 2:56pm
- Joined Mar 2020 | Status: Trader | 1,524 Posts
In all, we should know that no one single trading system thrives in all market condition...So, I Stay Alive.
one valuable thing I learned in other post is to think of each level as a target, once one level is broken where is the next one, combined with our trend lines we can better predict where price should head to each time a resistance or support is broken (once 1723 was not passed 1717 was logical support once breached 1709-1710 became logical once this was breached 1701-1703 looked promising) as such one could quickly reverse their trade once a support is breached and sell down to next support or just wait for buy at support with the previous level as maximum tp) so once 1717 was breached you could sell to 1710 or buy at 17010 and place tp at 1716 for instance ensuring you are at least growing your acct by the end of the day.
we stay alive brother try to relax and enjoy the weekend. opportunities are always there we will get them soon.
- #1,950
- May 8, 2020 3:32pm May 8, 2020 3:32pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} Keep your head up brother. We learn. These losses will teach us to be more profitable. this week I did really well and made a lot of money (however this was solely for the demo acct, nothing added to real acct).... i too have been not so happy with trading performance but we are all here to help each other. as I've been posting I've been reading and learning from other traders as well with combined knowledge we shall be successful. one valuable thing I learned in other post is to think of each level as a target, once one level is broken...
Thanks man.
Learn... Work Hard... Trade Alone
first attack @ 1723 is failed.....
Hi all, Happy Monday
The market is shaping symmetric triangle 1D chart
1H chart
The market is shaping symmetric triangle 1D chart
1H chart
- The first support level lenon-colored line No.1 which is 1690.24 and the Area between line 1 and 2 is support area
- If the price find the first area as support change the direction I guess the price is going to break golden line B and after a pullback the symmetric triangle complete and new up trend will start, only if it will break the area between 1739 and 1747
- If the price break the level line 2 then it going to find a support area between 1685 and 1681 the golden trend line A at below which is the support line of triangle. In my opinion the price will not break this golden trend line because of covid-19 uncertainty. And then the price will try to test the golden line B at above
- But everything will possible and if the price cross the golden trend line A and find this line as a resistant then the bear will control the market
- #1,953
- May 11, 2020 6:18am May 11, 2020 6:18am
Hello everyone.
Price couldn't find support at 1706.05/1704.37
So in the range between 1704.37 and 1706.05 we have 3 strong fibo lines: 1704.37 (100% Day Support/Resistance), 1705.16 (61.8% Month Support) and 1706.05 (50% Week Support/Resistance)
All of them can act as a support or resistance.
If resistance, price could go down to 1695.02/1688.08
If support, price could go up to 1716.51/1725.04
Price couldn't find support at 1706.05/1704.37
So in the range between 1704.37 and 1706.05 we have 3 strong fibo lines: 1704.37 (100% Day Support/Resistance), 1705.16 (61.8% Month Support) and 1706.05 (50% Week Support/Resistance)
All of them can act as a support or resistance.
If resistance, price could go down to 1695.02/1688.08
If support, price could go up to 1716.51/1725.04
Always expect unexpected.
- #1,954
- May 11, 2020 8:03am May 11, 2020 8:03am
Hello everyone. Price couldn't find support at 1706.05/1704.37 So in the range between 1704.37 and 1706.05 we have 3 strong fibo lines: 1704.37 (100% Day Support/Resistance), 1705.16 (61.8% Month Support) and 1706.05 (50% Week Support/Resistance) All of them can act as a support or resistance. If resistance, price could go down to 1695.02/1688.08 If support, price could go up to 1716.51/1725.04 {image}{image}
I don't think bulls have strength to move price higher, maybe one more push.
First support line 1695.02, second 1688.08
Always expect unexpected.
- #1,958
- May 12, 2020 3:01am May 12, 2020 3:01am
Morning all.
Today the similar scenario as yesterday.
Price is trying to break strong support/resistance cluster in the range between 1705.16 and 1706.05
If failed to break, then bears could push price down to 1688.08/1687.06
If it becomes support, then bulls could push the price up to 1711.43/1717.71/1725.04
Today the similar scenario as yesterday.
Price is trying to break strong support/resistance cluster in the range between 1705.16 and 1706.05
If failed to break, then bears could push price down to 1688.08/1687.06
If it becomes support, then bulls could push the price up to 1711.43/1717.71/1725.04
Always expect unexpected.
- #1,960
- May 12, 2020 6:08am May 12, 2020 6:08am
Morning all. Today the similar scenario as yesterday. Price is trying to break strong support/resistance cluster in the range between 1705.16 and 1706.05 If failed to break, then bears could push price down to 1688.08/1687.06 If it becomes support, then bulls could push the price up to 1711.43/1717.71/1725.04 {image}{image}
Price hardly breaks 1701.71.
It could go wild.
Always expect unexpected.