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Gold Mining - Using Each Trading Day's Trend

  • #2,261
  • May 28, 2020 9:50pm May 28, 2020 9:50pm
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
Stay Happy Stay Healthy Stay Blessed
GreenGreen PipsPips toto youyou
  • #2,262
  • May 28, 2020 10:55pm May 28, 2020 10:55pm
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 Bite
  • #2,263
  • May 29, 2020 12:59am May 29, 2020 12:59am
Quoting Rudrax
{quote} Happy Birthday Brother Stay Happy Stay Healthy Stay Blessed GreenGreen PipsPips toto youyou
Thank you Rudrax...my very good friend.
Learn... Work Hard... Trade Alone
  • #2,264
  • May 29, 2020 1:06am May 29, 2020 1:06am
Quoting Yashir
{quote} Happy BirthDay Bite
Thanks man Yashir...
Learn... Work Hard... Trade Alone
  • #2,265
  • May 29, 2020 2:57am May 29, 2020 2:57am
Quoting BiteFX
First of all, Happy Birthday To Me. {image}
Happy Birthday Bite.
Always expect unexpected.
  • #2,266
  • May 29, 2020 3:18am May 29, 2020 3:18am
Looking at H4 chart, price makes lower high constantly. So I'm expecting bears will continue to dominate the market.
I am looking to short at 1728.61 (50% DR) with potential TP 1682.53
Attached Image
Attached Image
Always expect unexpected.
  • #2,267
  • May 29, 2020 3:34am May 29, 2020 3:34am
Quoting Skoljkica
{quote} Happy Birthday Bite.
Thanks brother...
Learn... Work Hard... Trade Alone
  • #2,268
  • May 29, 2020 3:35am May 29, 2020 3:35am
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 bro
Access green pips for you today, life long and prosper
follow the trend just like a docile sheep to green pasture... MORE WINS!!!
  • #2,269
  • May 29, 2020 3:36am May 29, 2020 3:36am
Quoting Skoljkica
Looking at H4 chart, price makes lower high constantly. So I'm expecting bears will continue to dominate the market. I am looking to short at 1728.61 (50% DR) with potential TP 1682.53 {image}{image}
Nice one brother
Learn... Work Hard... Trade Alone
  • #2,270
  • May 29, 2020 3:38am May 29, 2020 3:38am
Quoting sochemmans
{quote} Happy Birthday bro Access green pips for you today, life long and prosper
Thanks Sochemmans...
Learn... Work Hard... Trade Alone
  • #2,271
  • May 29, 2020 4:53am May 29, 2020 4:53am
Hpy Bday BiteFX
  • #2,272
  • May 29, 2020 5:17am May 29, 2020 5:17am
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}
This is why we wait for market to give us best opportunity possible, as indicated just few hours ago, price went up, albeit 1728-1733 may be the spot for rversal, things where patientce has come in, no reason to have sold at anything less than 1727 and above.. As I said downtrend could be intact still, but at the moment of anlysis yesterday, I saw price rising before falling.
  • #2,273
  • May 29, 2020 5:19am May 29, 2020 5:19am
Quoting rockiess
Hpy Bday BiteFX
Thank you Rockiess...
Learn... Work Hard... Trade Alone
  • #2,274
  • May 29, 2020 5:22am May 29, 2020 5:22am
Quoting rayoub
{quote} This is why we wait for market to give us best opportunity possible, as indicated just few hours ago, price went up, albeit 1728-1733 may be the spot for rversal, things where patientce has come in, no reason to have sold at anything less than 1727 and above.. As I said downtrend could be intact still, but at the moment of anlysis yesterday, I saw price rising before falling.
You are right brother... That is the purpose of "either/or" in a professional analysis.
This is forex, anything is possible brother.
Learn... Work Hard... Trade Alone
  • #2,275
  • May 29, 2020 5:27am May 29, 2020 5:27am
We should never forget, that a Stop loss has function. It tells us that, the initial trade idea was wrong... And we have to renegotiate business again.
It's nothing personal, just business.
Learn... Work Hard... Trade Alone
  • #2,276
  • May 29, 2020 5:32am May 29, 2020 5:32am
Quoting Skoljkica
Looking at H4 chart, price makes lower high constantly. So I'm expecting bears will continue to dominate the market. I am looking to short at 1728.61 (50% DR) with potential TP 1682.53 {image}{image}
Great analysis Skol!!!... So I'm not sure why everyone is seeing such a great sell opportunity, I have nothing against selling at all, however hard to see bears in control when bulls have defended 1710 area nicely, granted we saw a dip below but it was quickly recovered. just not sure why a buy to 1766 wouldn't be just as possible
  • #2,277
  • May 29, 2020 5:32am May 29, 2020 5:32am
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}
1. Market says its wrong.
Am onto 2.
Learn... Work Hard... Trade Alone
  • #2,278
  • May 29, 2020 5:36am May 29, 2020 5:36am
Quoting BiteFX
We should never forget, that a Stop loss has function. It tells us that, the initial trade idea was wrong... And we have to renegotiate business again. It's nothing personal, just business.
Absolutely brother, just figured yesterday's example of if we all did the same banks would close, would have applied to the selling not buying, because from what it seems most are expecting and predicting a sell, if it was that clear cut we would in fact be rich and banks would be closed, but this is why we discuss to show each other different aspects of same chart... i am in with you all however brother, I took the sell from 1727 area, stop loss will be 1735, 1st tp im aiming for is 1715. once price figures out direction from there I can reenter, but 17010 area provides a ton a support.
  • #2,279
  • May 29, 2020 5:39am May 29, 2020 5:39am
Quoting BiteFX
{quote} 1. Market says its wrong. Am onto 2.
WHAT! Broker took stop loss with wide spread.
Learn... Work Hard... Trade Alone
  • #2,280
  • May 29, 2020 5:44am May 29, 2020 5:44am
Quoting rayoub
{quote} Absolutely brother, just figured yesterday's example of if we all did the same banks would close, would have applied to the selling not buying, because from what it seems most are expecting and predicting a sell, if it was that clear cut we would in fact be rich and banks would be closed, but this is why we discuss to show each other different aspects of same chart... i am in with you all however brother, I took the sell from 1727 area, stop loss will be 1735, 1st tp im aiming for is 1715. once price figures...
That's very good... Am in also.
Learn... Work Hard... Trade Alone
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