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Gold Mining - Using Each Trading Day's Trend

  • #2,321
  • Jun 1, 2020 4:44pm Jun 1, 2020 4:44pm
Trade Idea for Tuesday June 2, 2020.
Gravity...
Sell P1, P2...stop loss R1... Take Profit S1/S2.
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Learn... Work Hard... Trade Alone
  • #2,322
  • Jun 1, 2020 6:26pm Jun 1, 2020 6:26pm
I believe bulls will dominate again today head and shoulders i keep mentioning still in tact still something to watch for, so for now I will be buying dips, 1733, 1735, 1742 if it can maintain above, if proce breaks and holds below 1727 will look for sells.
expecting to see 1755, 1766 today.
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  • #2,323
  • Jun 1, 2020 9:51pm Jun 1, 2020 9:51pm
Quoting BiteFX
Trade Idea for Tuesday June 2, 2020. Gravity... Sell P1, P2...stop loss R1... Take Profit S1/S2. {image}
great analysis brother. not telling you to change how you trade or anything but recently market has been hitting both our sell and buy spots and rwacting accordingly, meaning if we had sold at 1743 we could have caught and closed at least 50 to 60 pips, and and buying the dips have also proved to make about 30 to 40 pips available. obviously its more aggressive trading to watch all the time, but if we can consistently get our tps hitby reducing the amount of pips we catch and can add up quickly. I've been looking to catch 20 to 40 pips at a time, then waiting for reentry, price seems to runaway 1 or twice a week but definitely revisits same levels multiple times in a day
  • #2,324
  • Jun 1, 2020 9:59pm Jun 1, 2020 9:59pm
Quoting rayoub
{quote} great analysis brother. not telling you to change how you trade or anything but recently market has been hitting both our sell and buy spots and rwacting accordingly, meaning if we had sold at 1743 we could have caught and closed at least 50 to 60 pips, and and buying the dips have also proved to make about 30 to 40 pips available. obviously its more aggressive trading to watch all the time, but if we can consistently get our tps hitby reducing the amount of pips we catch and can add up quickly. I've been looking to catch 20 to 40 pips at...
just mentioning because its exhausting watching profit turn to loss then back to profit then loss then finally to tp. we could just get in get out wait. repeat. if you can catch 10 30 pip moves, equivalent to 1 300 pip move, but you can catch those 10 from same area 1735 to 1738 just an example. Just a different approach. i have been listening to your advice on reducing lot size and trusting analysis. just placing ideas out there not necessarily just for you but maybe others like me who just can't seem to ever stay in profit lol
  • #2,325
  • Jun 1, 2020 10:25pm Jun 1, 2020 10:25pm
Quoting BiteFX
Trade Idea for Tuesday June 2, 2020. Gravity... Sell P1, P2...stop loss R1... Take Profit S1/S2. {image}
I will go long at S1..
  • #2,326
  • Jun 1, 2020 11:15pm Jun 1, 2020 11:15pm
Quoting rayoub
{quote} great analysis brother. not telling you to change how you trade or anything but recently market has been hitting both our sell and buy spots and rwacting accordingly, meaning if we had sold at 1743 we could have caught and closed at least 50 to 60 pips, and and buying the dips have also proved to make about 30 to 40 pips available. obviously its more aggressive trading to watch all the time, but if we can consistently get our tps hitby reducing the amount of pips we catch and can add up quickly. I've been looking to catch 20 to 40 pips at...
Well said brother...I like your observation.

I have tried both approaches, and what works for me is staying in the market.
It is more emotionally draining to go in and out of the market for me than to stay.

There are some things I can't explain in words here.
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  • #2,327
  • Jun 1, 2020 11:21pm Jun 1, 2020 11:21pm
Quoting EinsWaltz
{quote} I will go long at S1..
Nice one guy... As long as you make profit.
and is money in this business of ours...
Pick your direction and then
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  • #2,328
  • Jun 1, 2020 11:44pm Jun 1, 2020 11:44pm
Quoting rayoub
{quote} just mentioning because its exhausting watching profit turn to loss then back to profit then loss then finally to tp. we could just get in get out wait. repeat. if you can catch 10 30 pip moves, equivalent to 1 300 pip move, but you can catch those 10 from same area 1735 to 1738 just an example. Just a different approach. i have been listening to your advice on reducing lot size and trusting analysis. just placing ideas out there not necessarily just for you but maybe others like me who just can't seem to ever stay in profit lol
There was one event that has forever changed how I trade in my trading career.

When I was just coming up, I had actually turned a 100USD account to 1,000USD in 3days and... Lost all of it on the 4th day down to 25USD....Over leveraging, broker credit facility, greed, fear, the market may not be there tomorrow again feeling, I have to catch more quickly thoughts...etc

And then, I stumbled accross Nial Fuller's (learn to trade the market) online... I devored all articles on his site as at then. I also downloaded the recommended books and studied them. That was where he recommended Steve Nison's Japanese Candlestick, I studied that rigorously.

After climbing that ladder, there are some things I can not do again as a trader.

I know in his own words now my "No Brainer Trades". And, I enjoy the process more.

That's part of my career story.
Thanks for reading...
Learn... Work Hard... Trade Alone
  • #2,329
  • Jun 2, 2020 12:31am Jun 2, 2020 12:31am
Quoting BiteFX
{quote} There was one event that has forever changed how I trade in my trading career. When I was just coming up, I had actually turned a 100USD account to 1,000USD in 3days and... Lost all of it on the 4th day down to 25USD....Over leveraging, broker credit facility, greed, fear, the market may not be there tomorrow again feeling, I have to catch more quickly thoughts...etc And then, I stumbled accross Nial Fuller's (learn to trade the market) online... I devored all articles on his site as at then. I also downloaded the recommended books and studied...
Motivational. Based on your experience what would you suggest for new members for improving trading skills, technical analysis? Any recommended book? Stay Bless
  • #2,330
  • Jun 2, 2020 1:00am Jun 2, 2020 1:00am
Quoting Yashir
{quote} Motivational. Based on your experience what would you suggest for new members for improving trading skills, technical analysis? Any recommended book? Stay Bless
I will send them to you.
Meanwhile, to improve trading skills... I will say keep on trying out your internal curiosity about the market in real time and gather the data for future better trades.

The market can contain any kind of trading system or method, so pick the system that suits your temperament and personality... Then, put your money there. It is putting your money on the line that gives you valuable feed back.

Always Stay Alive...
Learn... Work Hard... Trade Alone
  • #2,331
  • Jun 2, 2020 1:11am Jun 2, 2020 1:11am
Quoting BiteFX
{quote} I will send them to you. Meanwhile, to improve trading skills... I will say keep on trying out your internal curiosity about the market in real time and gather the data for future better trades. The market can contain any kind of trading system or method, so pick the system that suits your temperament and personality... Then, put your money there. It is putting your money on the line that gives you valuable feed back. Always Stay Alive...
Thanks for sharing your valuable experience.
  • #2,332
  • Jun 2, 2020 1:29am Jun 2, 2020 1:29am
Quoting Yashir
{quote} Thanks for sharing your valuable experience.
My pleasure...
Learn... Work Hard... Trade Alone
  • #2,333
  • Jun 2, 2020 3:19am Jun 2, 2020 3:19am
I really like this thread, like it because everyone can share its opinion and give an advice, without any harmful words. We keep motivating each other to keep the good work and things we do bad, to do it better. Trying to see things from a different angle, but there is no pressure, no one is pushing its opinion.
Always expect unexpected.
  • #2,334
  • Jun 2, 2020 3:32am Jun 2, 2020 3:32am
I am with bulls today, just like yesterday.
The plan is the same.
Looking to go long at 1731.42 (50% DS)
TP 1754.33 (50% DR)
If that scenario is played, price will fulfill its daily range. So I will wait for price to show me its next move.
But, there is possibility price will find resistance at 1742.33, so I am prepared for that as well.
SL 30 pips
Attached Image
Always expect unexpected.
  • #2,335
  • Jun 2, 2020 3:35am Jun 2, 2020 3:35am
Quoting Skoljkica
I really like this thread, like it because everyone can share its opinion and give an advice, without any harmful words. We keep motivating each other to keep the good work and things we do bad, to do it better. Trying to see things from a different angle, but there is no pressure, no one is pushing its opinion.
Thanks man...
Learn... Work Hard... Trade Alone
  • #2,336
  • Jun 2, 2020 9:40am Jun 2, 2020 9:40am
Hello guys, I hope everyone's is doing well in our gold business. Below is my projection plan since last time and my TP1 project hit very well. Now just waiting for TP2 which is what we looking for to break high

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #2,337
  • Jun 2, 2020 9:44am Jun 2, 2020 9:44am
Quoting BiteFX
Trade Idea for Tuesday June 2, 2020. Gravity... Sell P1, P2...stop loss R1... Take Profit S1/S2. {image}
Wah you change the profile pics Bite I prefer we go for R3 first then go down swim like there is no river to the end of Mekong river
  • #2,338
  • Jun 2, 2020 9:49am Jun 2, 2020 9:49am
Quoting rayoub
I won't lie 1766 today is looking better every minute. hns I posted about calls for about that level. {image}
rayoub, I have to use a VAR ( video assistant referee ) to see your graph, too many line and get confused sometimes
  • #2,339
  • Jun 2, 2020 10:36am Jun 2, 2020 10:36am
Quoting BiteFX
Trade Idea for Tuesday June 2, 2020. Gravity... Sell P1, P2...stop loss R1... Take Profit S1/S2. {image}
First profit taken at P2... Expecting a pull back to 1735.51 before loading some more shorts...
I came out Alive...
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  • #2,340
  • Jun 2, 2020 10:49am Jun 2, 2020 10:49am
Quoting miziler
{quote} Wah you change the profile pics Bite I prefer we go for R3 first then go down swim like there is no river to the end of Mekong river
I needed some air... was feeling too much heat in the suit man.
Learn... Work Hard... Trade Alone
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