Gold Mining - Using Each Trading Day's Trend | Page 105 | 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

  • #2,081
  • May 20, 2020 3:41pm May 20, 2020 3:41pm
Quoting rayoub
although bulls got this far, still expecting bears to show their teeth soon. {image}
Yes, agreed. Am still holding my short positions...
Learn... Work Hard... Trade Alone
  • #2,082
  • May 20, 2020 4:34pm May 20, 2020 4:34pm
Trade Idea for Thursday May 21, 2020.
Monday had a shooting star(inverted hammer) on the daily chart signaling a bearish reversal. While both Tuesday and Wednesday did a 50% buying on the signal candle-inverted hammer.
Thus, am still expecting gravity.
Chart seem to have completed wave 2, and wave 3 is about to take off.

Levels am watching...
A. 1745-40 - Sell

Personally, I have some short trades on that hasn't moved well into profit. I expect that during the day.

We Stay Alive on market judgement...This is forex, Anything is possible!
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200520_221855.jpg Size: 84 KB
Learn... Work Hard... Trade Alone
  • #2,083
  • May 20, 2020 6:25pm May 20, 2020 6:25pm
I closed all positions yesterday as am practicing a method of building capital that includes if trade is over 20 pips profit to manually close. Am simply trying to achieve a consistent 20-50 pip profit tgt being completed and then waiting for reentry, sometimes holding seems unprofitable as market returned to my inital sell limit at least 10+ times so used that opportunity to continue selling from same spot while closing others out. I agree with you BITE I expect bears to dominate very soon, 1751-1755 area needs to be passed and almost a whole day has gone by with it hitting this area and not passing. As I posted above, expect a short in this area to 1735 extending to 1725, 1717.

if bulls stay above 1755 will place buy limit there
  • #2,084
  • May 20, 2020 7:29pm May 20, 2020 7:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200520-195832_MetaTrader 4.jpg Size: 1.0 MB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200520-200235_MetaTrader 4.jpg Size: 1.2 MB
  • #2,085
  • May 20, 2020 11:45pm May 20, 2020 11:45pm
Quoting BiteFX
Trade Idea for Thursday May 21, 2020. Monday had a shooting star(inverted hammer) on the daily chart signaling a bearish reversal. While both Tuesday and Wednesday did a 50% buying on the signal candle-inverted hammer. Thus, am still expecting gravity. Chart seem to have completed wave 2, and wave 3 is about to take off. Levels am watching... A. 1745-40 - Sell Personally, I have some short trades on that hasn't moved well into profit. I expect that during the day. We Stay Alive on market judgement...This...
Running...Hmmm...Sote
Learn... Work Hard... Trade Alone
  • #2,086
  • May 21, 2020 1:35am May 21, 2020 1:35am
Quoting BiteFX
Trade Idea for Thursday May 21, 2020. Monday had a shooting star(inverted hammer) on the daily chart signaling a bearish reversal. While both Tuesday and Wednesday did a 50% buying on the signal candle-inverted hammer. Thus, am still expecting gravity. Chart seem to have completed wave 2, and wave 3 is about to take off. Levels am watching... A. 1745-40 - Sell Personally, I have some short trades on that hasn't moved well into profit. I expect that during the day. We Stay Alive on market judgement...This is forex, Anything is possible!...
Some Profits taken at 1739...hmmm! Gravity.
Learn... Work Hard... Trade Alone
  • #2,087
  • May 21, 2020 2:53am May 21, 2020 2:53am
Hi all,
I expect bulls to run the market today.
So entries I'm watching are in range 1737.99 (100% Month Support/Resistance) and 1730.27 (61.8% Week Support).
TP 1749.85/1758.27
Attached Image
Always expect unexpected.
  • #2,088
  • May 21, 2020 5:04am May 21, 2020 5:04am
Quoting BiteFX
Trade Idea for Thursday May 21, 2020. Monday had a shooting star(inverted hammer) on the daily chart signaling a bearish reversal. While both Tuesday and Wednesday did a 50% buying on the signal candle-inverted hammer. Thus, am still expecting gravity. Chart seem to have completed wave 2, and wave 3 is about to take off. Levels am watching... A. 1745-40 - Sell Personally, I have some short trades on that hasn't moved well into profit. I expect that during the day. We Stay Alive on market judgement...This is forex, Anything is possible! {image}
Alright, all positions closed with good profit at 1733.... Sote
Now waiting for a pull back to around 1737 to short again. If not so, am still good.
I came out alive
Learn... Work Hard... Trade Alone
  • #2,089
  • May 21, 2020 6:40am May 21, 2020 6:40am
Quoting BiteFX
{quote} Alright, all positions closed with good profit at 1733.... Sote Now waiting for a pull back to around 1737 to short again. If not so, am still good. I came out alive
Alright, am in. I await market judgement.
Learn... Work Hard... Trade Alone
  • #2,090
  • May 21, 2020 6:57am May 21, 2020 6:57am
Morning all, so I too have closed all postions from shorts, I had opened a long position from 1732, tp 1738, now to see how price reacts around here, although bears have been dominating, on larger tf, bulls might take the lead, also shit ton of news out, so fuel may be added to wherever price wants to go.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200521-075512_MetaTrader 4.jpg Size: 1.7 MB
  • #2,091
  • May 21, 2020 7:30am May 21, 2020 7:30am
H1 for gold using the magical line. I'm sure S1 will be touch soon and looking to get a pivotal line 1747.83. Good luck guys.

Attached Image (click to enlarge)
Click to Enlarge Name: Gold.JPG Size: 79 KB
  • #2,092
  • May 21, 2020 8:53am May 21, 2020 8:53am
Quoting BiteFX
{quote} Alright, am in. I await market judgement.
Took profits at 1733.70...Just an addition to earlier profits.
Sote
Learn... Work Hard... Trade Alone
  • #2,093
  • May 21, 2020 8:56am May 21, 2020 8:56am
I will still wait at 1737 and 1740 again if I will see some roasted to spice up my day.
Learn... Work Hard... Trade Alone
  • #2,094
  • May 21, 2020 8:59am May 21, 2020 8:59am
Quoting BiteFX
I will still wait at 1737 and 1740 again if I will see some roasted to spice up my day.
If it does not go there, then we have a run away market...But, We Stay Alive
Learn... Work Hard... Trade Alone
  • #2,095
  • May 21, 2020 9:52am May 21, 2020 9:52am
I've expected price could find support at 1730.27 and it did, but it didn't have any strength to go up. So I didn't trade it.
As expected price found resistance at 1741.11 and continue its fall.
Price has also broken support line at 1721.51. If it doesn't become support, then down to 1705.16/1701.91, but if it does become support then up to 1724.89/1727.03 as a first resistance.
Attached Image
Always expect unexpected.
  • #2,096
  • May 21, 2020 10:57am May 21, 2020 10:57am
Today is gravity all through...
Am expecting a pull back to 1727.48...I will short from there again.
This is forex, anything is possible!
Learn... Work Hard... Trade Alone
  • #2,097
  • May 21, 2020 11:23am May 21, 2020 11:23am
REV ZONE is calling GOLD.....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 38 KB
  • #2,098
  • May 21, 2020 11:49am May 21, 2020 11:49am
Hi brothers, Apology for absence, I was very busy the days before.

H4 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: gold4h.png Size: 61 KB

The Idea is after the breakout of the Golden Line B I expected that we would have a pullback and fortunately It happened inside the pink trend lines channel.
I am expecting that the price is going up and I do very conservative for my entry point between 1715 and 1711 and the stop losses are near 1708. So if I am wrong but I will stay Alive
Otherwise and the price will cross the golden trend line B then, expectantly the price will meet the Golden trend line A.

However I will waiting for price activity inside the blue rectangle between 1720 and 1711


.
  • #2,099
  • May 21, 2020 1:02pm May 21, 2020 1:02pm
Quoting QuantaMath
Hi brothers, Apology for absence, I was very busy the days before. H4 Chart {image} The Idea is after the breakout of the Golden Line B I expected that we would have a pullback and fortunately It happened inside the pink trend lines channel. I am expecting that the price is going up and I do very conservative for my entry point between 1715 and 1711 and the stop losses are near 1708. So if I am wrong but I will stay Alive Otherwise and the price will cross the golden trend line B then, expectantly the price will meet the Golden trend line A. However...
Well done QuantaMath... You're good !
Learn... Work Hard... Trade Alone
  • #2,100
  • May 21, 2020 1:15pm May 21, 2020 1:15pm
Quoting BiteFX
{quote} Well done QuantaMath... You're good !
Thanks Bro
0 traders viewing now