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Gold Mining - Using Each Trading Day's Trend

  • #1,981
  • May 13, 2020 8:39am May 13, 2020 8:39am
Quoting rayoub
lol my sell tp was hit at 1703 thank you market!!. now I am going to watch how 4hr candle closes for next move. I will not rule out bears as ive said plenty of times.
greatand my buy tp at 1716.41, today is cool day
  • #1,982
  • May 13, 2020 8:42am May 13, 2020 8:42am
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  • #1,983
  • May 13, 2020 10:02am May 13, 2020 10:02am
market has provided great opportunities for swings almost 100 pips each direction. not bad day at all, but still ranging, has yet to decide its ultimate direction
  • #1,984
  • May 13, 2020 11:41am May 13, 2020 11:41am
Quoting rayoub
market has provided great opportunities for swings almost 100 pips each direction. not bad day at all, but still ranging, has yet to decide its ultimate direction
True...so what's you're future analysis for today?
  • #1,985
  • May 13, 2020 11:47am May 13, 2020 11:47am
honestly I know nothing more than price provides me. I personally see 1719 as immediate target. how price reacts there will determine a lot. if price can break and stay above then 1725, 1733 higher.... if price fails to break 1719, then good opportunity to sell to 1700 area again.
  • #1,986
  • May 13, 2020 11:48am May 13, 2020 11:48am
then at 1700 we wait to see how price reacts... if it breaks below 1695, then we look for 1688, 1682, 1675 lower.
  • #1,987
  • May 13, 2020 12:19pm May 13, 2020 12:19pm
Quoting rayoub
then at 1700 we wait to see how price reacts... if it breaks below 1695, then we look for 1688, 1682, 1675 lower.
analysis. thx for sharing your expert opinion.
  • #1,988
  • May 13, 2020 12:37pm May 13, 2020 12:37pm
Quoting Yashir
{quote} analysis. thx for sharing your expert opinion.
thank you for your kind words but far far far from expert. still learning like you brother.
  • #1,989
  • May 13, 2020 5:28pm May 13, 2020 5:28pm
trade ideas for today. 1719 again is first resistance that needs to be broken before 1725, 1733 can be found. if 1719 is broken i will look for buy limit at 1708.70, 1710, 1714. tp 1725 1733 first targets. i

f 1710 is broken nicely I will look for sells from 1710 tp 1703
if 1695 is broken then sell limit from 1703 tp 1688 possibly 1682
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  • #1,990
  • May 13, 2020 9:09pm May 13, 2020 9:09pm
price tried 1719 as expected, took a quick sell there, tp was 1714. went to 1712. as I had discussed with quanta before, sometimes a quick 30 pips 40 pips can help a lot when trying to build acct. expecting support to be found at 1710.50, 1708.70. will wait for confirmation before placing buy limit or sell limit there.
  • #1,991
  • May 13, 2020 9:32pm May 13, 2020 9:32pm
Quoting rayoub
price tried 1719 as expected, took a quick sell there, tp was 1714. went to 1712. as I had discussed with quanta before, sometimes a quick 30 pips 40 pips can help a lot when trying to build acct. expecting support to be found at 1710.50, 1708.70. will wait for confirmation before placing buy limit or sell limit there.
Nice one.
I am expecting that 1710 to be a support. If this will happened , waiting for breakout 1719 and or less conservative 1717 and and waiting for pullback.
Currently I have not confident with pullbacks, and should to study about them, because valid pullbacks are great opportunity. For instance yesterday pullback from 1717 to 1702 and after that the price approached to 1719.
  • #1,992
  • May 13, 2020 10:41pm May 13, 2020 10:41pm
Quoting QuantaMath
{quote} Nice one. I am expecting that 1710 to be a support. If this will happened , waiting for breakout 1719 and or less conservative 1717 and and waiting for pullback. Currently I have not confident with pullbacks, and should to study about them, because valid pullbacks are great opportunity. For instance yesterday pullback from 1717 to 1702 and after that the price approached to 1719.
Thank you sir. and yes I am also working on getting better catching the pullbacks and then the actual move. so I've been reading a lot on the other thread that digger1 replies in all the time and I think, just personal opinion that if you tried maybe using stoch and getting on lower time frames you could see a little more clearly when pullback will occur and have an idea of when to get out. also I have added 800 ma which relate to the m15 200 ma which helps give areas of where price will fins support. I have been trying to learn everyday. yesterday out of 15 trades I entered I exited 13 with positive, granted all small gains, but the important thing was almost all trades I entered and had tp, price went to tp. I got a little worried and pulled out of most before tp was hit but I am learning whwre to place tp if that makes sense.
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  • #1,993
  • May 13, 2020 10:46pm May 13, 2020 10:46pm
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  • #1,994
  • May 13, 2020 11:29pm May 13, 2020 11:29pm
Quoting rayoub
{quote} Thank you sir. and yes I am also working on getting better catching the pullbacks and then the actual move. so I've been reading a lot on the other thread that digger1 replies in all the time and I think, just personal opinion that if you tried maybe using stoch and getting on lower time frames you could see a little more clearly when pullback will occur and have an idea of when to get out. also I have added 800 ma which relate to the m15 200 ma which helps give areas of where price will fins support. I have been trying to learn everyday....
Thanks for sharing information. I think i should add some MAs to one of my chart and try to compatible and optimize with my analysis. I need to do some training with them.
  • #1,995
  • May 14, 2020 12:00am May 14, 2020 12:00am
Quoting QuantaMath
{quote} Thanks for sharing information. I think i should add some MAs to one of my chart and try to compatible and optimize with my analysis. I need to do some training with them.
of course brother. I added 50 , 200, 400 and 800 smas. they seem to help tremendously when price makes its move to determine where it may stop.
  • #1,996
  • May 14, 2020 12:23am May 14, 2020 12:23am
Quoting rayoub
{quote} of course brother. I added 50 , 200, 400 and 800 smas. they seem to help tremendously when price makes its move to determine where it may stop.
Hi Rayoub, I sent you a PM. Good one on the trade this morning (I'm in Oz), I took the same one using Diggers methods, still trying to understand it all.
I am trying to work out the settings for the stoch on each timeframe, did you work that out and if so would you mind sharing please.

I notice you are using 50,14,3 on M15, is that a default that you use? I have been using setting of 41,10,2 on M15 although he does change it sometimes i've noticed.
Thank you
Julie
  • #1,997
  • May 14, 2020 3:25am May 14, 2020 3:25am
Morning all
I am expecting for price to find support at 1706.05/1704.91 where bulls could push price higher to 1725.04 as a first resistance/1742.02 as a second resistance.
Price could go up to 1757.41 until the end of the week.
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Always expect unexpected.
  • #1,998
  • May 14, 2020 4:03am May 14, 2020 4:03am
Hi all
here is my 4H chart

 

  1. again I think the triangle is going to complete and the price tend to break the golden trend line B
  2. I think the green dotted line is important support it`s in neighborhood of 1711
  3. The price is moving inside a up trend channel and if the price is going to complete of next move then it need to break B and I think the next major resistant is deep red line 1 it`s about 1736 and if bulls will lost a control of the market next major resistant is deep red line 2.
  4. Other wise if the price rejected by line B then at first it will move to the bottom line of channel.
  5. Finally I think NY session will decide about next direction of price

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  • #1,999
  • May 14, 2020 8:38am May 14, 2020 8:38am
Quoting QuantaMath
Hi all here is my 4H chart again I think the triangle is going to complete and the price tend to break the golden trend line B I think the green dotted line is important support it`s in neighborhood of 1711 The price is moving inside a up trend channel and if the price is going to complete of next move then it need to break B and I think the next major resistant is deep red line 1 it`s about 1736 and if bulls will lost a control of the market next major resistant is deep red line 2. Other wise if the price rejected by line B then at first it will...
Finally, B was broken
  • #2,000
  • May 14, 2020 9:59am May 14, 2020 9:59am
Quoting QuantaMath
Hi all here is my 4H chart again I think the triangle is going to complete and the price tend to break the golden trend line B I think the green dotted line is important support it`s in neighborhood of 1711 The price is moving inside a up trend channel and if the price is going to complete of next move then it need to break B and I think the next major resistant is deep red line 1 it`s about 1736 and if bulls will lost a control of the market next major resistant is deep red line 2. Other wise if the price rejected by line B then at first it will...
great analysis brother price followed through well.!!! good job next stop 1737.50 then possibly 1753
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