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Gold Mining - Using Each Trading Day's Trend

  • #2,061
  • Edited 6:25pm May 18, 2020 5:39pm | Edited 6:25pm
Quoting BiteFX
Trade Idea for Tuesday May 19, 2020. Expecting a bullish pull back then gravity continues. But, market will be more deceptive though. Levels am watching... A. 1734.33 - Buy bullish pull back. (I think because of general up trend it is safe, but for short term down trend that started yesterday, it is dangerous). B. 1749.20 - Sell after bullish pull back. C. 1756.52 - if broken upwards, bulls are back in the game to push market higher. D. 1764.07 - If broken upwards, then higher levels are opened to us. E. If A. is broken downwards after...
Ouk... Am now following A. with a small lot size. Am in...Anything is possible, I Stay Alive
Learn... Work Hard... Trade Alone
  • #2,062
  • May 18, 2020 11:17pm May 18, 2020 11:17pm
So not to disappear and not post trade ideas but, I am with you, I am expecting price to retest 1749.50, only if 1743 gets broken. I am looking to sell the pullback with limits at 1749.50 and 1743. 1st tp target will be 1733, once broken we can find out way back towards 1725, extensing to 1717. if bulls take charge, which will be the case if price goes back above 1750, we could see 1768, 1775.
  • #2,063
  • May 18, 2020 11:38pm May 18, 2020 11:38pm
Attachment g
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  • #2,064
  • May 19, 2020 2:12am May 19, 2020 2:12am
Quoting BiteFX
{quote} Ouk... Am now following A. with a small lot size. Am in...Anything is possible, I Stay Alive
Closed that...
But,
Just opened two long positions at 1728 and 1733 respectively.

This counter the downward move... Anything is possible.
I want to ride them to 1749.20...My thoughts...if market validates it, I win, if not I lose...
I Stay Alive
Learn... Work Hard... Trade Alone
  • #2,065
  • May 19, 2020 2:14am May 19, 2020 2:14am
Quoting BiteFX
{quote} Closed that... But, Just opened two long positions at 1728 and 1733 respectively. This counter the downward move... Anything is possible. I want to ride them to 1749.20...My thoughts...if market validates it, I win, if not I lose... I Stay Alive
Small one... Small lot size.
Learn... Work Hard... Trade Alone
  • #2,066
  • May 19, 2020 2:17am May 19, 2020 2:17am
Quoting BiteFX
{quote} Closed that... But, Just opened two long positions at 1728 and 1733 respectively. This counter the downward move... Anything is possible. I want to ride them to 1749.20...My thoughts...if market validates it, I win, if not I lose... I Stay Alive
Big one... Small lot size, Big move.
Learn... Work Hard... Trade Alone
  • #2,067
  • May 19, 2020 3:53am May 19, 2020 3:53am
Quoting BiteFX
{quote} Closed that... But, Just opened two long positions at 1728 and 1733 respectively. This counter the downward move... Anything is possible. I want to ride them to 1749.20...My thoughts...if market validates it, I win, if not I lose... I Stay Alive
Alright, going well at the moment...I stay alive.
Learn... Work Hard... Trade Alone
  • #2,068
  • May 19, 2020 4:46am May 19, 2020 4:46am
Quoting BiteFX
{quote} Closed that... But, Just opened two long positions at 1728 and 1733 respectively. This counter the downward move... Anything is possible. I want to ride them to 1749.20...My thoughts...if market validates it, I win, if not I lose... I Stay Alive
  • #2,069
  • May 19, 2020 5:46am May 19, 2020 5:46am
Market has been struggling at 1735... For the past one hour, am out alive.
Learn... Work Hard... Trade Alone
  • #2,070
  • May 19, 2020 6:09am May 19, 2020 6:09am
Chart update...
Am waiting to sell 1748. If price doesn't get there, sote.
Looks like want to break 1733 downward, am not comfortable followimg it. I'll rather sit on my and .
Attached Image (click to enlarge)
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  • #2,071
  • May 19, 2020 8:16am May 19, 2020 8:16am
Small range market capable of destroying an account.
It's better to have a price level you are looking at for safe entry.
Learn... Work Hard... Trade Alone
  • #2,072
  • May 19, 2020 8:19am May 19, 2020 8:19am
Quoting BiteFX
Small range market capable of destroying an account. It's better to have a price level you are looking at for safe entry.
And a DIRECTIONAL BIAS for that day.
Learn... Work Hard... Trade Alone
  • #2,073
  • May 19, 2020 11:00am May 19, 2020 11:00am
I agree the swings can be damaging, ive used them with small lot sizes to build acct slightly. i am looking for main move at 1748.50, although I do see price trying 1749 want to ensure I am activated. looking to see besrs drive price to 1725, 1717.50.

if bulls break 1750 and hold above, potential buy limit there with tp at 1768, 1775

await market judgment.
  • #2,074
  • May 19, 2020 11:50am May 19, 2020 11:50am
Quoting rayoub
I agree the swings can be damaging, ive used them with small lot sizes to build acct slightly. i am looking for main move at 1748.50, although I do see price trying 1749 want to ensure I am activated. looking to see besrs drive price to 1725, 1717.50. if bulls break 1750 and hold above, potential buy limit there with tp at 1768, 1775 await market judgment.
It's great you have been able to catch the ... But, be careful as most of the times... We get a away market.
And then.......
Anticipating a return but it never does until accout starts to die.

Please, Stay Alive.

WELL DONE JOB RAYOUB!!!
Learn... Work Hard... Trade Alone
  • #2,075
  • May 19, 2020 1:47pm May 19, 2020 1:47pm
Thank you brother most def. I have closed all positions as of now. awaiting 1748 to be activated if not no worries.
  • #2,076
  • Edited 5:36pm May 19, 2020 5:13pm | Edited 5:36pm
Trade Idea for Wednesday May 20, 2020.
Looking to sell
A. 1748
B. 1745
C. 1740
A break above 1762 invalidates the short term bearish bias.
Attached Image (click to enlarge)
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  • #2,077
  • May 19, 2020 10:12pm May 19, 2020 10:12pm
Quoting BiteFX
Trade Idea for Wednesday May 20, 2020. Looking to sell A. 1748 B. 1745 C. 1740 A break above 1762 invalidates the short term bearish bias. {image}
Am in...I Stay Alive
Learn... Work Hard... Trade Alone
  • #2,078
  • May 19, 2020 10:21pm May 19, 2020 10:21pm
My trade idea is same as yesterday, market was ranging yesterday so move wasn't quite there, but still few small entries could have been made. I am in with you Bite, left my sell limit from yesterday in and it got activated, also added a few other small shorts from that area with initial tgt of 1743.50, then down to 1735.50

a break above 1760 and close above 1755 would invalidate bears.
  • #2,079
  • May 20, 2020 1:57am May 20, 2020 1:57am
Quoting rayoub
My trade idea is same as yesterday, market was ranging yesterday so move wasn't quite there, but still few small entries could have been made. I am in with you Bite, left my sell limit from yesterday in and it got activated, also added a few other small shorts from that area with initial tgt of 1743.50, then down to 1735.50 a break above 1760 and close above 1755 would invalidate bears.
Yes, that's right. On point brother.
Learn... Work Hard... Trade Alone
  • #2,080
  • May 20, 2020 1:22pm May 20, 2020 1:22pm
although bulls got this far, still expecting bears to show their teeth soon.
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