Gold Mining - Using Each Trading Day's Trend | Page 106 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #2,101
  • May 21, 2020 3:06pm May 21, 2020 3:06pm
well done brothers , I was able to catch some profit but got into a. uy around 1730 area prematurely, am thinking I should close it, 1727 does look like good retracement for bears to continue to 1714.50
  • #2,102
  • May 21, 2020 4:50pm May 21, 2020 4:50pm
Trade Idea for Friday May 22, 2020.
Am not sure if the 3rd bearish wave is done yet. But, I will be buying today anyways.
Levels am watching...
A. 1723.23 - Buy
B. 1735.35, 1740.22 - a break above validates the bullish movement.
C. A break below A. continues the bearish run.

We Stay Alive.
Attached Image (click to enlarge)
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Learn... Work Hard... Trade Alone
  • #2,103
  • May 21, 2020 5:01pm May 21, 2020 5:01pm
I agree with you bite, 1717 was found. used as great support, as quanta said this was the retest of the breakout on 4hr, am expecting bulls to continue now up to 1735 1st tgt, 1747 extending to possibly 1762. am already in buys, got in way too early, but they stand around those same entries as above. await market judgement

if bears break 1723, I see 1714.75 as immediate support, ext. to 1710
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  • #2,104
  • May 21, 2020 10:01pm May 21, 2020 10:01pm
Quoting rayoub
I agree with you bite, 1717 was found. used as great support, as quanta said this was the retest of the breakout on 4hr, am expecting bulls to continue now up to 1735 1st tgt, 1747 extending to possibly 1762. am already in buys, got in way too early, but they stand around those same entries as above. await market judgement if bears break 1723, I see 1714.75 as immediate support, ext. to 1710 {image}
I've adjusted my entry to 1724.12 and level 1714 should be a good stop loss. If things go wrong that should be the level that determines it finally.
Learn... Work Hard... Trade Alone
  • #2,105
  • May 22, 2020 2:10am May 22, 2020 2:10am
I lost this move, because, too conservative
  • #2,106
  • May 22, 2020 2:32am May 22, 2020 2:32am
Quoting QuantaMath
I lost this move, because, too conservative
Me too, my limit orders were not filled.
But, no problems we will have our day.
More so, our money is still intact.
Learn... Work Hard... Trade Alone
  • #2,107
  • May 22, 2020 2:35am May 22, 2020 2:35am
Quoting BiteFX
{quote} Me too, my limit orders were not filled. But, no problems we will have our day. More so, our money is still intact.
Sure, We still Alive, This is important
  • #2,108
  • May 22, 2020 2:54am May 22, 2020 2:54am
Great analysis there guys!

I am watching price action around 1737.99/1741.11. I see two scenarios:
1. If price confirms it as a resistance, then down to 1730.27 again as a first support line. Then watching PA again. If 1730.27 becomes resistance, down to 1721.51
2. If price breaks it upwards and confirm 1737.99/1741.11 as a support, then up to 1750.68 as a first resistance line. Again retest of 1741.11 or 1746.94 and up to 1758.63
Attached Image
Always expect unexpected.
  • #2,109
  • May 22, 2020 3:00am May 22, 2020 3:00am
Quoting Skoljkica
Great analysis there guys! I am watching price action around 1737.99/1741.11. I see two scenarios: 1. If price confirms it as a resistance, then down to 1730.27 again as a first support line. Then watching PA again. If 1730.27 becomes resistance, down to 1721.51 2. If price breaks it upwards and confirm 1737.99/1741.11 as a support, then up to 1750.68 as a first resistance line. Again retest of 1741.11 or 1746.94 and up to 1758.63 {image}
This is the complete .
Learn... Work Hard... Trade Alone
  • #2,110
  • May 22, 2020 3:13am May 22, 2020 3:13am
Quoting BiteFX
{quote} This is the complete .
I always look an empty chart and compare it with Fibo lines. And those lines are so precise with Gold and other 28 symbols and so helpful. I am working with Prozor7 who developed it. I feel the need to emphasize that this (developing Fibo lines) is his work.
Always expect unexpected.
  • #2,111
  • May 22, 2020 4:32am May 22, 2020 4:32am
Quoting Skoljkica
Great analysis there guys! I am watching price action around 1737.99/1741.11. I see two scenarios: 1. If price confirms it as a resistance, then down to 1730.27 again as a first support line. Then watching PA again. If 1730.27 becomes resistance, down to 1721.51 2. If price breaks it upwards and confirm 1737.99/1741.11 as a support, then up to 1750.68 as a first resistance line. Again retest of 1741.11 or 1746.94 and up to 1758.63 {image}
I am expecting one more push up, to 1741.11
If bulls are going to take over the market, then price should fall down to 1737.99 and confirm it as a support.
If not, price could break 1737.99 and confirm it as a resistance.
Targets are the same.
Attached Image
Always expect unexpected.
  • #2,112
  • May 22, 2020 4:33am May 22, 2020 4:33am
Looking for this magical line, Pivot line is 1731.30 but I do expect R1 1745.48 will be soon for gold. The magical line is using to detect where is good line to buy and sell entry. The other ways is to look for shadow and body candlestick. Once the body is crossing the line so it will look for others resistance or support but if only shadow touch the line its mean pullback. Mostly is perfect accordingly

Attached Image (click to enlarge)
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  • #2,113
  • May 22, 2020 4:34am May 22, 2020 4:34am
Quoting Skoljkica
{quote} I always look an empty chart and compare it with Fibo lines. And those lines are so precise with Gold and other 28 symbols and so helpful. I am working with Prozor7 who developed it. I feel the need to emphasize that this (developing Fibo lines) is his work.

Hi Skoljkica

is it possible to share that for us also?.
  • #2,114
  • May 22, 2020 4:50am May 22, 2020 4:50am
Quoting Nanotech
{quote} Hi Skoljkica is it possible to share that for us also?.
It is not an indicator, there is nothing to share.
Always expect unexpected.
  • #2,115
  • May 22, 2020 5:53am May 22, 2020 5:53am
At 1735.77 bulls were rejected, I expect a retest then a thrust so I sell there with stop loss at 1741.55. Trade will be invalid at that point.
I Stay Alive.
Small lot size though...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200522_114937.jpg Size: 86 KB
Learn... Work Hard... Trade Alone
  • #2,116
  • May 22, 2020 6:01am May 22, 2020 6:01am
Quoting rayoub
I agree with you bite, 1717 was found. used as great support, as quanta said this was the retest of the breakout on 4hr, am expecting bulls to continue now up to 1735 1st tgt, 1747 extending to possibly 1762. am already in buys, got in way too early, but they stand around those same entries as above. await market judgement if bears break 1723, I see 1714.75 as immediate support, ext. to 1710 {image}
You're already in money brother...
Learn... Work Hard... Trade Alone
  • #2,117
  • May 22, 2020 6:08am May 22, 2020 6:08am
We piece them together.
CANDLE STICK, CHART PATTERNS(Elliot Wave & Western charting inclusive), with good MONEY MANAGEMENT.

We should stay alive long enough to enable profit over time.
Learn... Work Hard... Trade Alone
  • #2,118
  • May 22, 2020 7:11am May 22, 2020 7:11am
Quoting BiteFX
At 1735.77 bulls were rejected, I expect a retest then a thrust so I sell there with stop loss at 1741.55. Trade will be invalid at that point. I Stay Alive. Small lot size though... {image}
Bulls challenged bears at 1730...am still in, lets see the final directional bias. Today is Friday o.
Learn... Work Hard... Trade Alone
  • #2,119
  • May 22, 2020 7:22am May 22, 2020 7:22am
Quoting BiteFX
{quote} Bulls challenged bears at 1730...am still in, lets see the final directional bias. Today is Friday o.
My little cent protective stop profit was taken... Looks like are turning the table.
Learn... Work Hard... Trade Alone
  • #2,120
  • May 22, 2020 7:27am May 22, 2020 7:27am
Quoting BiteFX
{quote} My little cent protective stop profit was taken... Looks like are turning the table.
You got out alive.
I'm still waiting 1741.11 (possible spike above).
There is strong battle between bulls and bears there.
Always expect unexpected.
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