{quote} 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?
Gold Mining - Using Each Trading Day's Trend
- #2,462
- Jun 8, 2020 10:15am Jun 8, 2020 10:15am
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} Still now P2 looks like strong support. Seems bull will take over to up the price 1700+
Albeit, this is forex, anything is possible!
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- #2,463
- Jun 8, 2020 3:46pm Jun 8, 2020 3:46pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
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}
Battle at yP2 for directional bias...Am still alive, I await tomorrow's parameters.
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- #2,464
- Jun 8, 2020 4:45pm Jun 8, 2020 4:45pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
Trade Idea For Tuesday June 9, 2020.
Gravity continues...
Levels am watching are on the chart...
Pro Tip: Reduce lot size to enable you cut loss and stay alive long enough in the game to make you profitable.
Gravity continues...
Levels am watching are on the chart...
Pro Tip: Reduce lot size to enable you cut loss and stay alive long enough in the game to make you profitable.
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- #2,465
- Jun 8, 2020 4:45pm Jun 8, 2020 4:45pm
- Joined Mar 2020 | Status: Trader | 1,524 Posts
{quote}
- #2,466
- Edited 5:20pm Jun 8, 2020 4:56pm | Edited 5:20pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
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- #2,468
- Jun 8, 2020 5:16pm Jun 8, 2020 5:16pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
So I would like to get back to posting my trade ideas, felt a little embarrassed my stuff is not as neat and unmotivated. but as bite said maybe someone somewhere can understand my charts and see haha. So I am with bite, I believe gravity will show its face soon, although upon more analysis, price may find its way to 1703, 1707, not likely but possibly 1710 as well. A bearish flag seems to be in the making. only reason to suggest price may go up a little more is that all moving averages are above on lower tfs, so possible...
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- #2,469
- Jun 8, 2020 6:24pm Jun 8, 2020 6:24pm
- Joined Mar 2020 | Status: Trader | 1,524 Posts
{quote} This is the Rayoub I first met... Well done job brother
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}
Finally The price has met the green rectangle and try to cross the top band of channel
- If the price leave the band at above and move above the green rectangle then it tend to 1711
- If the price will cross the three green horizontal to down then the price tend to touch the middle line of channel
Personally I cannot enter because of bad long position in last week and forgot to set SL before left the chart. Then instead of closing positions first I analysis and after that I assumed that I had lost balance and set hypothetical entry near 1674 with new SL near 1667 and after that, changed the SL to 1684. This Method is very dangerous due to more greed which lead to destroy the balance.
- #2,473
- Jun 8, 2020 10:52pm Jun 8, 2020 10:52pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} {image} Finally The price has met the green rectangle and try to cross the top band of channel If the price leave the band at above and move above the green rectangle then it tend to 1711 If the price will cross the three green horizontal to down then the price tend to touch the middle line of channel Personally I cannot enter because of bad long position in last week and forgot to set SL before left the chart. Then instead of closing positions first I analysis and after that I assumed that I had lost balance and set hypothetical entry near...
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- #2,474
- Jun 8, 2020 10:58pm Jun 8, 2020 10:58pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
It seem we have a harmonic bearish cypher pattern in H4 chart But personally I don't trade with harmonic pattern except my beloved ABC{image}
If we apply proper risk management, with our wealth of knowledge and discipline, so that in the long run, we come out alive.
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{quote} There is no way the market can beat a band of professional gold miners as we. If we apply proper risk management, with our wealth of knowledge and discipline, so that in the long run, we come out alive.
- #2,479
- Jun 8, 2020 11:35pm Jun 8, 2020 11:35pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} I've been doing this a lot lately too. its upsetting when one day you leave yourself in a bad trade and the next day all your analysis comes together pwrfectly but you can't do anything because of prior trade. very very frustrating
1. Confidence 2. Discipline 3. A Winning Attitude
*Be so much confident in your analysis and strategy so much that you can wager a small lot size.
*Be so much disciplined that you won't move your stop loss from where your analysis and strategy says you should put it.
*Have so much of a very strong Winning Attitude. Every single trade taken is different from the very previous trade(s) taken.
Approching each trade as having a different outcome will put you in a state of mind that allows the market to play out either for or against your equity.
My goal...is consistency in profits, success, and rise in equity curve. Regardless of 20 consecutive losing streak.
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- #2,480
- Jun 8, 2020 11:38pm Jun 8, 2020 11:38pm
- Joined Dec 2018 | Status: Big Operator | 4,525 Posts
{quote} Exactly, In the statement that I posted two week ago, for big loss happened the same, but there is some detail about the big loss and I will share it after find some spare time to focus more.
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