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Gold Mining - Using Each Trading Day's Trend

  • #2,121
  • May 22, 2020 7:58am May 22, 2020 7:58am
Quoting BiteFX
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. {image}
Nice analysis @Bitefx, been following this thread for a while and recently been comparing your analysis with mine before placing some trades and I must confess, I'm very impressed. Thanks for sharing.
#stay alive bro
follow the trend just like a docile sheep to green pasture... MORE WINS!!!
  • #2,122
  • May 22, 2020 8:06am May 22, 2020 8:06am
Quoting Skoljkica
{quote} You got out alive. I'm still waiting 1741.11 (possible spike above). There is strong battle between bulls and bears there.
Ah! Men, I got out alive.
Learn... Work Hard... Trade Alone
  • #2,123
  • May 22, 2020 8:59am May 22, 2020 8:59am
Quoting sochemmans
{quote} Nice analysis @Bitefx, been following this thread for a while and recently been comparing your analysis with mine before placing some trades and I must confess, I'm very impressed. Thanks for sharing. #stay alive bro
Thanks man
And yes bro... We Stay alive
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  • #2,124
  • May 22, 2020 10:08am May 22, 2020 10:08am
yes brother alive all around, have one sell still in from 1734, 1730 is tp thought bears would dominate that area but battle ensues between 1738, and 1733. I agree with you skol, if 1743 is broken bulls will have the day, still early thought, 1738 -1740 huge resistance.
  • #2,125
  • May 22, 2020 11:10am May 22, 2020 11:10am
Quoting rayoub
yes brother alive all around, have one sell still in from 1734, 1730 is tp thought bears would dominate that area but battle ensues between 1738, and 1733. I agree with you skol, if 1743 is broken bulls will have the day, still early thought, 1738 -1740 huge resistance.
If it is so, today should have completed the 5th wave downwards.
But, you know market is crazy.
Today is one of those days o.
Learn... Work Hard... Trade Alone
  • #2,126
  • May 22, 2020 12:12pm May 22, 2020 12:12pm
thank you brother for all your words of encouragement this week and being a true friend. market has gone in my favor several times, I was able to recuperate all losses this week from a mere $7. you all are awesome and next week is a new week. enjoy your weekend my friend I look forward to next week. skol quanta and bite.
  • #2,127
  • May 22, 2020 12:56pm May 22, 2020 12:56pm
Quoting rayoub
thank you brother for all your words of encouragement this week and being a true friend. market has gone in my favor several times, I was able to recuperate all losses this week from a mere $7. you all are awesome and next week is a new week. enjoy your weekend my friend I look forward to next week. skol quanta and bite.
Now You are Alive!!!
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  • #2,128
  • May 22, 2020 3:22pm May 22, 2020 3:22pm
Quoting BiteFX
{quote} If it is so, today should have completed the 5th wave downwards. But, you know market is crazy. Today is one of those days o.
Talking about this, I will be leaving a small lot size short from 1736...I'd like to ride to 1712 next week.
Learn... Work Hard... Trade Alone
  • #2,129
  • May 22, 2020 3:25pm May 22, 2020 3:25pm
Have a nice and great weekend goldminers.
Learn... Work Hard... Trade Alone
  • #2,130
  • May 24, 2020 4:20pm May 24, 2020 4:20pm
Trade Idea for Monday May 25, 2020.
Expecting bearish 5th wave...Gravity.
Looking to short...
R3, R2, R1, PP...Stop loss R4-At that level gravity is invalidated and bulls are back in the game to take over.

If holiday holds metals, trade then applies to Tuesday likewise.

We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200524_215102.jpg Size: 130 KB
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  • #2,131
  • May 24, 2020 5:34pm May 24, 2020 5:34pm
Quoting BiteFX
Trade Idea for Monday May 25, 2020. Expecting bearish 5th wave...Gravity. Looking to short... R3, R2, R1, PP...Stop loss R4-At that level gravity is invalidated and bulls are back in the game to take over. If holiday holds metals, trade then applies to Tuesday likewise. We Stay Alive {image}
Market opened normally, and trade is expected to go as analysed.
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  • #2,132
  • May 24, 2020 8:05pm May 24, 2020 8:05pm
Quoting BiteFX
Trade Idea for Monday May 25, 2020. Expecting bearish 5th wave...Gravity. Looking to short... R3, R2, R1, PP...Stop loss R4-At that level gravity is invalidated and bulls are back in the game to take over. If holiday holds metals, trade then applies to Tuesday likewise. We Stay Alive {image}
Alright, gravity started early. And S1 broken downwards... We expect a retest, Sell Limit there...then down to S4 and more lower levels(nobody knows where market will stop, turn, or continue)

I Stay Alive...
Learn... Work Hard... Trade Alone
  • #2,133
  • May 24, 2020 8:10pm May 24, 2020 8:10pm
Great analysis brother!!! although slightly different from mine still love it gives me opportunity to look at different perspective, I am expecting antigravity to 1743, then gravity from there, I have buys that just got activated from 1727.50 to 1743. await market judgment. very small lot size to accommodate incorrect analysis. i stay alive and learn
  • #2,134
  • May 24, 2020 8:19pm May 24, 2020 8:19pm
Quoting rayoub
Great analysis brother!!! although slightly different from mine still love it gives me opportunity to look at different perspective, I am expecting antigravity to 1743, then gravity from there, I have buys that just got activated from 1727.50 to 1743. await market judgment. very small lot size to accommodate incorrect analysis. i stay alive and learn
Ouk... Market moves and ... Money every way and any how.
Learn... Work Hard... Trade Alone
  • #2,135
  • May 24, 2020 8:32pm May 24, 2020 8:32pm
Quoting BiteFX
Trade Idea for Monday May 25, 2020. Expecting bearish 5th wave...Gravity. Looking to short... R3, R2, R1, PP...Stop loss R4-At that level gravity is invalidated and bulls are back in the game to take over. If holiday holds metals, trade then applies to Tuesday likewise. We Stay Alive {image}
S2 doing its job, S1 broken downward...Then a change of polarity happens S1 becomes R1...
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  • #2,136
  • May 24, 2020 8:50pm May 24, 2020 8:50pm
Quoting BiteFX
{quote} Ouk... Market moves and ... Money every way and any how.
totally agree brother totally agree. this week I would like to practice letting my tps get reached, which means setting them at appropriate levels,. practiced this weekend with btc lol, but chickened out too much, all profit , but no tps were allowed to reach that is my next hurdle, to remove the fear in allowing market to reach where it may.
  • #2,137
  • May 24, 2020 11:54pm May 24, 2020 11:54pm
Quoting rayoub
{quote} totally agree brother totally agree. this week I would like to practice letting my tps get reached, which means setting them at appropriate levels,. practiced this weekend with btc lol, but chickened out too much, all profit , but no tps were allowed to reach that is my next hurdle, to remove the fear in allowing market to reach where it may.
That would be great!
Learn... Work Hard... Trade Alone
  • #2,138
  • May 25, 2020 12:24am May 25, 2020 12:24am
Quoting BiteFX
Trade Idea for Monday May 25, 2020. Expecting bearish 5th wave...Gravity. Looking to short... R3, R2, R1, PP...Stop loss R4-At that level gravity is invalidated and bulls are back in the game to take over. If holiday holds metals, trade then applies to Tuesday likewise. We Stay Alive {image}
After the 5th wave down finishes, are you looking for a 3 wave corrective move higher?
  • #2,139
  • May 25, 2020 1:40am May 25, 2020 1:40am
Quoting Picard
{quote} After the 5th wave down finishes, are you looking for a 3 wave corrective move higher?
Yes my good friend... If the market presents me the parameters.
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  • #2,140
  • May 25, 2020 1:43am May 25, 2020 1:43am
Quoting BiteFX
Trade Idea for Monday May 25, 2020. Expecting bearish 5th wave...Gravity. Looking to short... R3, R2, R1, PP...Stop loss R4-At that level gravity is invalidated and bulls are back in the game to take over. If holiday holds metals, trade then applies to Tuesday likewise. We Stay Alive {image}
S3 now working.... Still got my sell limit at S1 pending.
Learn... Work Hard... Trade Alone
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