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Gold Mining - Using Each Trading Day's Trend

  • #2,441
  • Jun 5, 2020 7:44am Jun 5, 2020 7:44am
gold still pushing down to 1680
The Past mistakes are your guides to provide you directions of the present.
  • #2,442
  • Jun 5, 2020 7:48am Jun 5, 2020 7:48am
Quoting BiteFX
Trade Idea for Friday June 5, 2020. Gravity continuation... Levels am watching are on the chart... {image}
Market went straight to S2 ...So terrifying gravity !
Learn... Work Hard... Trade Alone
  • #2,443
  • Jun 5, 2020 7:56am Jun 5, 2020 7:56am
Quoting Skoljkica
{quote} Nice job
Thanks
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  • #2,444
  • Jun 5, 2020 9:25am Jun 5, 2020 9:25am
Quoting rayoub
Good morning all. Hope we are all doing well. So I had left 2 sell limits in when I went to bed 1707 and 1710, both have been activated and am with bears today. I do however agree with you all, i think we could see 1721.50-1723.50 before a continuation down. I haven't been positing charts as much, apparently too messy for others not sure, but its the way I analyze so I will not change it. you can see blue trendline and purple, are acting as resistance for now. the blue trendline on 4hr {image} {image}
analysis from yesterday came to fruition today. crazy week. but analysis was there little pieces left for us to analyze and I'd day we did a pretty damn good job all!. 1721 1717 and 1713 did their job the past 2 days and brought 1682 almost instantly today. thats how we mine gold together
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  • #2,445
  • Jun 5, 2020 10:00am Jun 5, 2020 10:00am
Quoting BiteFX
Trade Idea for Friday June 5, 2020. Gravity continuation... Levels am watching are on the chart... {image}
Went straigth down to S3... Amazing
We await parameters for next week Monday.
And...
We Stay Alive Guys.
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Learn... Work Hard... Trade Alone
  • #2,446
  • Jun 5, 2020 10:13am Jun 5, 2020 10:13am
Rockiess, The best online course I found to know what Forex is was www.babypips.com under education. Then I read several books about forex, I bought signals, I bought indicators, I bought automatic trading programs... nothing worked as installing my own strategy with inflexible rules and supported by forums like this one.

I have to tell you that normally on Fridays I never trade, for me there is something that happen in the market on Fridays that I still don't learn. Many, many times I lost all or part of my week profits on Fridays. Sometimes because of a news, but most of the time the market moves against my trading idea of the day. Now that I learn to trade only small amounts of money (what I can loose without affecting my regular economy) I can't support big moves against. In my actual strategy I prefer to close positions when I reach certain lost instead of waiting the price come back.

Today I just did an scalping trade from 1683 to 1693 after NFP and it worked. I learn not to think on what happen after I close trades (positive or negative) as I could have gained a lot more or I could have lost much more.

I'm not a full time trader, I really like to trade XAUUSD. I normally just trade this pair during NY session and sometimes at Asia session.

Good weekend to all, and again thanks for sharing your ideas.
  • #2,447
  • Jun 5, 2020 10:47am Jun 5, 2020 10:47am
Quoting BiteFX
{quote} Went straigth down to S3... Amazing We await parameters for next week Monday. And... We Stay Alive Guys. {image}
my brother beautiful analysis. I ended the week at even. which I'm okay with took huge loss brought it back. sidelines till next week
  • #2,448
  • Jun 5, 2020 11:25am Jun 5, 2020 11:25am
Quoting rayoub
{quote} my brother beautiful analysis. I ended the week at even. which I'm okay with took huge loss brought it back. sidelines till next week
Well done brother.
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  • #2,449
  • Jun 5, 2020 11:41am Jun 5, 2020 11:41am
@davwattsg thank you for sharing. Appreaciate your advises
  • #2,450
  • Jun 6, 2020 1:21am Jun 6, 2020 1:21am
Happy Weekend Guys...Do have a nice time with family and friends.
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  • #2,451
  • Jun 7, 2020 4:41pm Jun 7, 2020 4:41pm
Trade Idea For Monday June 8, 2020.
My trading system parameters haven't given me an edge for a meaningful bullish reversal, so my lines of thoughts are on the chart.

Happy New Week guys...I wish you all the best this week.
May you reach your trading goals and hit your
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  • #2,452
  • Jun 7, 2020 8:19pm Jun 7, 2020 8:19pm
Quoting BiteFX
Trade Idea For Monday June 8, 2020. My trading system parameters haven't given me an edge for a meaningful bullish reversal, so my lines of thoughts are on the chart. Happy New Week guys...I wish you all the best this week. May you reach your trading goals and hit your {image}
Activated...Short at P2.
I Stay Alive
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  • #2,453
  • Jun 7, 2020 8:34pm Jun 7, 2020 8:34pm
Quoting BiteFX
{quote} Activated...Short at P2. I Stay Alive
Entered at P2 following your good idea, but trying to TP at 1670
  • #2,454
  • Jun 7, 2020 9:21pm Jun 7, 2020 9:21pm
what is your thought for today's GOLD?.

im waiting for Bull to be bearish in D1".

any idea for ur support and resistance for today?..

A S I A area!!!..


-may the Pip's be with You"..
Nothing Last Forever
  • #2,455
  • Jun 7, 2020 9:48pm Jun 7, 2020 9:48pm
Quoting davwattsg
{quote} Entered at P2 following your good idea, but trying to TP at 1670
TP is flexible for others, so is risk.
But, I have clearly defined the risk involved in entering from that level.

Now, if the market goes in our favor, S1 is my TP.
I have come to a point where I Totally Trust My Trading System.
Learn... Work Hard... Trade Alone
  • #2,456
  • Jun 7, 2020 9:51pm Jun 7, 2020 9:51pm
Happy new WEEK
I am not sure but I think the price will tend to green rectangle and then the market will decide
H1 Chart
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  • #2,457
  • Jun 7, 2020 9:58pm Jun 7, 2020 9:58pm
-Asia Time" is MOnday"..

then" i will greet u a happy monda'ys to come!!...
Nothing Last Forever
  • #2,458
  • Jun 7, 2020 10:00pm Jun 7, 2020 10:00pm
Quoting QuantaMath
Happy new WEEK I am not sure but I think the price will tend to green rectangle and then the market will decide H1 Chart {image}
But neighborhood of 1690 is good resistant zone
  • #2,459
  • Jun 8, 2020 3:13am Jun 8, 2020 3:13am
Good day to all.
My plan for today is to buy gold with target 1711.00
I placed my orders in a range 1689.90-1685.17 so I'm waiting to see PA

1711.00 is the price where bulls and bears already fought, but why wouldn't we have another fight.
Always expect unexpected.
  • #2,460
  • Jun 8, 2020 9:35am Jun 8, 2020 9:35am
Quoting BiteFX
Trade Idea For Monday June 8, 2020. My trading system parameters haven't given me an edge for a meaningful bullish reversal, so my lines of thoughts are on the chart. Happy New Week guys...I wish you all the best this week. May you reach your trading goals and hit your {image}
Market has used P2 as support going up.
Could it be that it is eyeing P1, yP1, or yP2 as resistance to continue downward movement?
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