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Gold Mining - Using Each Trading Day's Trend

  • #2,241
  • May 28, 2020 11:03am May 28, 2020 11:03am
Quoting QuantaMath
{quote} Very Good reaction, and change your analysis. When i posted {quote} In the last line I pointed that about the breakout of the pink trend line. and after your Notice {quote} and I also recognized your notice but I was stubborn and did not change my trade position, so after that I lost potential profit and from 1730 to 1700 and on the other side since I did not close my positions then the risk factor did not allow me to open new long position from the golden line A in my chart which was compatible with my entry strategy and again lost...
brother I too let my buys yesterday from 1710 run into extreme losses, was not able to open any new positions when it was at perfect buy level 1695, then afraid to burn capital manually took all trades out in losses, for price to just fly hours later lol. Its not just you brother, we live we learn we succeed. This is all part of the process, every loss teaches you.a new lesson, shorter tp, better patientce, better entry, where to scalp where to not touch lol. If this was easy everyone would be rich haha but only the strong and determined will survive this.

Bite, yes market runaway from qhen day opened, 1705 shoulder was hit within first min of gold opening and never went back to say hello, as I mentioned though a lot of tracks left behind, am thinking 1728-1730 may be area to hit it back down to 1714, 1710 we will see... if the 1728 area cannot be held, price will have no other option but to return to find footing below.
  • #2,242
  • May 28, 2020 11:13am May 28, 2020 11:13am
Quoting rayoub
{quote} brother I too let my buys yesterday from 1710 run into extreme losses, was not able to open any new positions when it was at perfect buy level 1695, then afraid to burn capital manually took all trades out in losses, for price to just fly hours later lol. Its not just you brother, we live we learn we succeed. This is all part of the process, every loss teaches you.a new lesson, shorter tp, better patientce, better entry, where to scalp where to not touch lol. If this was easy everyone would be rich haha but only the strong and determined...
if price can maintain 1728, then 1735 is next stop, 1743,
  • #2,243
  • May 28, 2020 11:16am May 28, 2020 11:16am
Quoting rayoub
{quote} brother I too let my buys yesterday from 1710 run into extreme losses, was not able to open any new positions when it was at perfect buy level 1695, then afraid to burn capital manually took all trades out in losses, for price to just fly hours later lol. Its not just you brother, we live we learn we succeed. This is all part of the process, every loss teaches you.a new lesson, shorter tp, better patientce, better entry, where to scalp where to not touch lol. If this was easy everyone would be rich haha but only...
Today was a huge psychological loss for me. Market left me behind, but left me the solution for future entries without being left behind.

In this business of ours, we adapt, adopt, and fail forward. One day, you will see your account balance, and you will screem ...YES!!!
Learn... Work Hard... Trade Alone
  • #2,244
  • May 28, 2020 12:56pm May 28, 2020 12:56pm
Trade Proposal:
There is a probability of first tp to the proposed (1700.89) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.

Technical analysis:
XAUUSD is in Downtrend and It is Expected to Continue Downtrend.

Objectives:
TP1 = 1700.89
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  • #2,245
  • May 28, 2020 1:09pm May 28, 2020 1:09pm
Quoting Romancan
Trade Proposal: There is a probability of first tp to the proposed (1700.89) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: XAUUSD is in Downtrend and It is Expected to Continue Downtrend. Objectives: TP1 = 1700.89 {image}
Well done job...
Learn... Work Hard... Trade Alone
  • #2,246
  • May 28, 2020 1:45pm May 28, 2020 1:45pm
Quoting MQLTrade
New LONG only over 1718 for 1727/1734.... {image}
1727
  • #2,247
  • May 28, 2020 2:09pm May 28, 2020 2:09pm
Quoting BiteFX
{quote} Today was a huge psychological loss for me. Market left me behind, but left me the solution for future entries without being left behind. In this business of ours, we adapt, adopt, and fail forward. One day, you will see your account balance, and you will screem ...YES!!!
InshaAllah man, God willing we all will succeed together. I had a psychological loss as well as monetary. Analysis on point as always , but the small things need fine tuning as mentioned earlier, we will get this down brother
  • #2,248
  • May 28, 2020 2:47pm May 28, 2020 2:47pm
Quoting Romancan
Trade Proposal: There is a probability of first tp to the proposed (1700.89) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: XAUUSD is in Downtrend and It is Expected to Continue Downtrend. Objectives: TP1 = 1700.89 {image}
something to watch for though is the head and shoulders being formed on m30 thats been in tact since yesterday. may provide opportunity for price to go back to 1733.
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  • #2,249
  • May 28, 2020 2:52pm May 28, 2020 2:52pm
I know a little different then some look at but def worth watching, need to see how day closes still but if above 1710, I am expecting that area to be used as support for a buy, unless 1707 can be broken downwards
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  • #2,250
  • May 28, 2020 4:27pm May 28, 2020 4:27pm
Quoting rayoub
{quote} something to watch for though is the head and shoulders being formed on m30 thats been in tact since yesterday. may provide opportunity for price to go back to 1733. {image}
but these show us a good path
Banks would close if we all waited for the same thing !
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  • #2,251
  • May 28, 2020 4:30pm May 28, 2020 4:30pm
Trade Idea for Friday May 29, 2020.
First of all, Happy Birthday To Me.
Alright, Gravity resumes...
Levels am watching...
1. Sell PP, Stop loss at R1 or
2. Sell R1, Stop loss at R2.
Take profit S1/S2/S3-1677.05

We Stay Alive...Last trading day of the week and month.
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Learn... Work Hard... Trade Alone
  • #2,252
  • May 28, 2020 4:39pm May 28, 2020 4:39pm
Quoting Romancan
{quote} but these show us a good path Banks would close if we all waited for the same thing ! {image} {image}
not doubting your analysis brother just playing devils advocate as we know market has no predetermined direction. it seems this whole week we have experienced both gravity and antigravity in the same session. which is why I mention hns because although I agree with the sell, I think potential is there for a sell around 1730 area. I am paying attention because for example, I had 5 buys in on tuesday from 1710. market qent to 1693, before going to 1727. the buys were solid buys, but they could have been BETTER buys. the way 1711 was rejected back above 1717.50 is something to note. the downtrend is still intact in the channel as shown however you can see a clear area of stalling.

HAPPY BIRTHDAY BITE
  • #2,253
  • May 28, 2020 4:40pm May 28, 2020 4:40pm
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  • #2,254
  • May 28, 2020 5:03pm May 28, 2020 5:03pm
Quoting BiteFX
Trade Idea for Friday May 29, 2020. First of all, Happy Birthday To Me. Alright, Gravity resumes... Levels am watching... 1. Sell PP, Stop loss at R1 or 2. Sell R1, Stop loss at R2. Take profit S1/S2/S3-1677.05 We Stay Alive...Last trading day of the week and month. {image}
Alright, without much ado, am in at market open.
I Stay Alive
Learn... Work Hard... Trade Alone
  • #2,255
  • May 28, 2020 5:05pm May 28, 2020 5:05pm
Quoting rayoub
{quote} not doubting your analysis brother just playing devils advocate as we know market has no predetermined direction. it seems this whole week we have experienced both gravity and antigravity in the same session. which is why I mention hns because although I agree with the sell, I think potential is there for a sell around 1730 area. I am paying attention because for example, I had 5 buys in on tuesday from 1710. market qent to 1693, before going to 1727. the buys were solid buys, but they could have been BETTER buys. the way 1711 was rejected...
Thanks brother...
Learn... Work Hard... Trade Alone
  • #2,256
  • May 28, 2020 5:05pm May 28, 2020 5:05pm
Quoting rayoub
{image}{image}
yes let's see where the market will prefer, there is an uptrend there but I don't recommend many, I think it will make a gold recovery at this time
and of course our analysis is not 100% anything
Because at this time the covid-19 and US-Chine problemleri thus the market moves very meaninglessly
  • #2,257
  • May 28, 2020 5:08pm May 28, 2020 5:08pm
Quoting Romancan
{quote} but these show us a good path Banks would close if we all waited for the same thing ! {image} {image}
Funny you...
It's amazing we are agreeing on the last trading day of the week and month.
Learn... Work Hard... Trade Alone
  • #2,258
  • May 28, 2020 5:15pm May 28, 2020 5:15pm
Quoting BiteFX
{quote} Funny you... It's amazing we are agreeing on the last trading day of the week and month.
valid 24/7 this year!
  • #2,259
  • May 28, 2020 8:29pm May 28, 2020 8:29pm
Quoting BiteFX
Trade Idea for Friday May 29, 2020. First of all, Happy Birthday To Me. Alright, Gravity resumes... Levels am watching... 1. Sell PP, Stop loss at R1 or 2. Sell R1, Stop loss at R2. Take profit S1/S2/S3-1677.05 We Stay Alive...Last trading day of the week and month. {image}
Happy Birthday Brother
  • #2,260
  • May 28, 2020 9:39pm May 28, 2020 9:39pm
Quoting QuantaMath
{quote} Happy Birthday Brother
Thanks man...
Learn... Work Hard... Trade Alone
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