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Gold Mining - Using Each Trading Day's Trend

  • #2,361
  • Jun 3, 2020 7:49am Jun 3, 2020 7:49am
I lock open sell again at 1711.5, was plan to closed buy 1724 at 1723, but already go down before execute.

I cannot open anymore without add another money... Im dying T_T

That makes me understand that news are very impact.
  • #2,362
  • Jun 3, 2020 7:52am Jun 3, 2020 7:52am
Quoting Skoljkica
Good day to all. I am looking to go long in a range 1711.65 (50% YS) and 1709.85 (50% DS) TP 1733.51 (38.2% WR) Around 1711.65 price has previously found support and resistance, so I am expecting a battle there again. {image}
1709.85 reached. I'm in with bulls.
As Bite would say, I stay alive.
Always expect unexpected.
  • #2,363
  • Jun 3, 2020 8:13am Jun 3, 2020 8:13am
I closed sell 1711 at 1709.90 following @skoljkica hoping bulls. If it go up, Im survive

Call margin at 1702, auto liquid at 1697 (move 1 poin lower than before)

Wish me alive.
  • #2,364
  • Jun 3, 2020 8:59am Jun 3, 2020 8:59am
Good morning all, sorry did not post an analysis, but you all did great. I agree with you all on bulls taking over soon, just as always like to mention a thing or two. last week a gap was left at 1708 and 1698, 1708 has been filled today. which honestly did not expect pullback to go this far already, but hey its forex anything is possible as my man Bite says. I'm sitting todays session out. I do however expect a deeper pullback now to maybe 1695, 1688 area. Only reason is 1710 area is now above and we know that is a very strong level. I will watch on the side and see, but I apprecaiaye you all for reading my analysis and providing feedback. you all are amazing
  • #2,365
  • Jun 3, 2020 9:04am Jun 3, 2020 9:04am
Quoting rockiess
Hi BiteFX, Thank you for your comment and help. Hope I can make right decision in right time. My first lock happens of my broker told me wrong direction. I open market of my friend proposal that introduce me to a broker. But he never teach me. I just follow him and surprised when he said buy 1712 last month but the fact price fell to 1690s, he didnt ask me to lock, even didnt tell me how much now. When I opened, it already at 1690s and I locked by my self. After that I told him to let me know where I can open the lock after I put another 2500 usd...
hey bro just want to say I've been where you ade and still am there sometimes. but main thing to realize before its too late is lossess are inevitable. do not hold positions until they wipe you out because they always eventually do, ive locked in prices, tried everything, but as bite and everyone says, pick a direction set your parameters and wait. equally important is NO FEAR NO GREED. which I need remind myself alot, but it seems both of your buys were in profit yesterday, great time to close, and wait for it.... 1 sell would be in profit today, 3 of your trades would have been closed with profit, and only 1 left which could very well go into profit soon as well. market is this way. one other thing that I'm still working on, set a stoploss. if you lose you lose, better than losing everything everytime. Hope you get out alive brother and we are all here to help
  • #2,366
  • Jun 3, 2020 9:10am Jun 3, 2020 9:10am
Update news : US Stock open higher, aim for fourth day of gains.
That means gold getting more weak, maybe 1688 as @rayoub said.
I have locking sell open at 1702, if I closed at the right time then the price reverse go up, Im survive.
If not.. I dont know how long will live.
Fortunately, locking sell at 1711 which I closed at 1709.90, got some gain. That makes me still alive until now.

Very tired T_T
  • #2,367
  • Jun 3, 2020 9:16am Jun 3, 2020 9:16am
Quoting BiteFX
Trade Idea for Wednesday June 3, 2020. Antigravity... Levels am watching... Buy P2, Stop loss at S1, Take Profit at P1/R1. But market may go deeper than P2...Probably around 1715 or 1714. Then, buy around those deep levels. I must confess...Parameters today are really crazy. Wider pips. We expect high volatility. Therefore, I will reduce my lot size to the smallest. We Stay Alive {image}
It really went deeper...Almost at S1 where my stop loss is.
Wow! Crazy day indeed.
Gravity isn't giving up.
Learn... Work Hard... Trade Alone
  • #2,368
  • Jun 3, 2020 9:16am Jun 3, 2020 9:16am
Luckily, I have tight SL so I've got out early from my long position.
I'm watching these 1698.35 as a potential long, but I'm still out, it is very hard to enter long position after this huge fall.
Always expect unexpected.
  • #2,369
  • Jun 3, 2020 9:16am Jun 3, 2020 9:16am
Quoting rayoub
Good morning all, sorry did not post an analysis, but you all did great. I agree with you all on bulls taking over soon, just as always like to mention a thing or two. last week a gap was left at 1708 and 1698, 1708 has been filled today. which honestly did not expect pullback to go this far already, but hey its forex anything is possible as my man Bite says. I'm sitting todays session out. I do however expect a deeper pullback now to maybe 1695, 1688 area. Only reason is 1710 area is now above and we know that is a very strong level. I will watch...
disnt even finish making my sons bottle before this closed that 2nd gap oh man I am glad I am watching today.
  • #2,370
  • Jun 3, 2020 9:21am Jun 3, 2020 9:21am
Quoting rockiess
Update news : US Stock open higher, aim for fourth day of gains. That means gold getting more weak, maybe 1688 as @rayoub said. I have locking sell open at 1702, if I closed at the right time then the price reverse go up, Im survive. If not.. I dont know how long will live. Fortunately, locking sell at 1711 which I closed at 1709.90, got some gain. That makes me still alive until now. Very tired T_T
brother if you've been locked for as long as you said, then not telling you what to do, but you just had all 4 of your trades in profit in 2 days, unlocking aint a bad time, why wait for 1688, it went to 1694, profit is profit.
  • #2,371
  • Jun 3, 2020 9:22am Jun 3, 2020 9:22am
Hi all,
I thank this forum for sharing your ideas. I recently subscribe. I'm mainly taking positions in XAUUSD, and I have to tell you that this forum is the cleaner forum I found in many years, until now all I read is good ideas, not people fighting others or trying to pull people into confusion.
Today is a good day for me, I was on SELL and even I closed at 1711 my profit was very good. Now I'm waiting to find an entry to go long, probably at this point 1698 and see if we can reach 1719.
  • #2,372
  • Jun 3, 2020 9:24am Jun 3, 2020 9:24am
Quoting BiteFX
{quote} It really went deeper...Almost at S1 where my stop loss is. Wow! Crazy day indeed. Gravity isn't giving up.
Hit... But am still alive ...Man, until tomorrow.
Learn... Work Hard... Trade Alone
  • #2,373
  • Jun 3, 2020 9:29am Jun 3, 2020 9:29am
Quoting davwattsg
Hi all, I thank this forum for sharing your ideas. I recently subscribe. I'm mainly taking positions in XAUUSD, and I have to tell you that this forum is the cleaner forum I found in many years, until now all I read is good ideas, not people fighting others or trying to pull people into confusion. Today is a good day for me, I was on SELL and even I closed at 1711 my profit was very good. Now I'm waiting to find an entry to go long, probably at this point 1698 and see if we can reach 1719.
Thanks Davwattsg...You are very welcome.
Let's mine gold together.
And,
Stay Alive...
Learn... Work Hard... Trade Alone
  • #2,374
  • Jun 3, 2020 9:34am Jun 3, 2020 9:34am
I think we could easily see 1681.46/1676.36 today.
It would be nice if that becomes support for tomorrows trading.
Always expect unexpected.
  • #2,375
  • Jun 3, 2020 9:35am Jun 3, 2020 9:35am
Thank you @rayoub and all here to help... Im not a guy.. Im a woman. Its very difficult for me... Mostly I got panic attack when the price reverse so quick before reach the price I set to open. I suddenly lost my mind and dont know what to do.

Rayoub correct, my position actually not too bad.

Open Sell at 1659.10 and 1703.10
Open Buy at 1724.70 and 1728.35 -----> I almost closed 1724.70 at 1723, but price reverse down so quicky before execute and Im freezed without do something... until reach 1711.50 I lock again by open sell and closed at 1709.90 (got some gain). But... suddenly price go down more deeper and I lock by open sell again at 1703.10. Now already profit. I have only 1 chance to open in the right time when the price reach daily bottom, then go up. I will survive.
I must open this tonight (now is 9.29 pm at my place) to avoid overnight fee.

After reach today bottom, open buy at 1724 seems possible to closed, before the price continue more deeper...

I would very appreciate for any help, comments and suggestion. Thanks God I have friends in this forum.

Wish me alive
  • #2,376
  • Jun 3, 2020 9:38am Jun 3, 2020 9:38am
Quoting davwattsg
Hi all, I thank this forum for sharing your ideas. I recently subscribe. I'm mainly taking positions in XAUUSD, and I have to tell you that this forum is the cleaner forum I found in many years, until now all I read is good ideas, not people fighting others or trying to pull people into confusion. Today is a good day for me, I was on SELL and even I closed at 1711 my profit was very good. Now I'm waiting to find an entry to go long, probably at this point 1698 and see if we can reach 1719.
I prefer to quit in lost.

I always close in lost and forget if it will go back or not, I want to STAY ALIVE as here you say!
  • #2,377
  • Jun 3, 2020 9:39am Jun 3, 2020 9:39am
I know its hard to sit on sides today but just a thought, one should wait to see how today finishes before entering any postions, volatility has been high this week and as such I would not rule out 1673, 1665 area,. just watch market as it always gives some idea even if it's not realized until later.
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  • #2,378
  • Jun 3, 2020 9:40am Jun 3, 2020 9:40am
@Rayoub : if you've been locked for as long as you said, then not telling you what to do, but you just had all 4 of your trades in profit in 2 days, unlocking aint a bad time, why wait for 1688, it went to 1694, profit is profit.

Is that mean I can close now the profit sell and still alive without waiting the bottom reach? How if it still go down? lock again?
  • #2,379
  • Jun 3, 2020 9:41am Jun 3, 2020 9:41am
Quoting Skoljkica
I think we could easily see 1681.46/1676.36 today. It would be nice if that becomes support for tomorrows trading.
exacrly, bears are not giving any indication they are done, and as such we should not look for bulls, many bulls probably cashed out yesterday and became bears today lol. i am monitoring closely. because this could be the beginning of new downtrend. daily channel top has been hit too many times but we will await judgment
  • #2,380
  • Jun 3, 2020 9:44am Jun 3, 2020 9:44am
Quoting rockiess
@Rayoub : if you've been locked for as long as you said, then not telling you what to do, but you just had all 4 of your trades in profit in 2 days, unlocking aint a bad time, why wait for 1688, it went to 1694, profit is profit. Is that mean I can close now the profit sell and still alive without waiting the bottom reach? How if it still go down? lock again?
i would not lock any positions based on personal experience, at some point you will take a loss, we never know when market will change, as easily as gold could go back to 1455 as it did before, it could also go to 1800. we never know, but its better to figure out your trade idea the day before and act on it accordingly. with lcoked postions you are missing all present opportunities waiting for negatives to turn profit. just saying don't give yp new opportunities for ones that have passed market isn't going anywhwre
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