Gold Mining - Using Each Trading Day's Trend | Page 125 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Scalping Gold using WPR 1,019 replies

Which standard Indicators are most related to each other? 2 replies

Gold Mining II - Using Reference Lines 13 replies

An idea for building wealth...using only gold 9 replies

Trading Gold - An End of Day System 27 replies

Attachments: Gold Mining - Using Each Trading Day's Trend
Exit Attachments

Gold Mining - Using Each Trading Day's Trend

  • #2,481
  • Jun 9, 2020 2:44am Jun 9, 2020 2:44am
Morning all.
My target for today is same as yesterdays.
I'm expecting for price to hit 1711.65, so I've placed my buy orders in a range from 1682.59 to 1696.49, now I'm waiting for price to drop, so I can activate them when bulls take over control.
As I said yesterday, 1711.65 is where bulls and bears had strong fight, it can act as a support or resistance so I will wait for market to show me the direction.
Always expect unexpected.
  • #2,482
  • Jun 9, 2020 3:43am Jun 9, 2020 3:43am
Quoting BiteFX
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. {image}
Just a line of thought
Market made use of only one level yesterday...yP2. Perhaps it would complete the movement by using yP1 today.

This is forex, anything is possible!
Learn... Work Hard... Trade Alone
  • #2,483
  • Jun 9, 2020 4:38am Jun 9, 2020 4:38am
Quoting Skoljkica
Morning all. My target for today is same as yesterdays. I'm expecting for price to hit 1711.65, so I've placed my buy orders in a range from 1682.59 to 1696.49, now I'm waiting for price to drop, so I can activate them when bulls take over control. As I said yesterday, 1711.65 is where bulls and bears had strong fight, it can act as a support or resistance so I will wait for market to show me the direction.
I'm expecting for price to find resistance at 1711.65 and fall down to 1702.00 which could act as a support.
Always expect unexpected.
  • #2,484
  • Edited 5:21am Jun 9, 2020 5:09am | Edited 5:21am
Quoting QuantaMath
{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...
I have survived from last wrong long entry .
  • #2,485
  • Jun 9, 2020 8:12am Jun 9, 2020 8:12am
Quoting BiteFX
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. {image}
Stop loss 2 and 3 hit, except for trade idea 1 now running.
This is forex, anything is possible!
Learn... Work Hard... Trade Alone
  • #2,486
  • Jun 9, 2020 8:54am Jun 9, 2020 8:54am
Trade plan for Gold as below. Now just waiting a TP4 touchdown

Attached File(s)
File Type: txt 8hb Until 12hb 2020.txt   < 1 KB | 540 downloads
  • #2,487
  • Jun 9, 2020 8:55am Jun 9, 2020 8:55am
if this area holds looks like we're heading to 1723, 1727, 1730 possibly,
  • #2,488
  • Jun 9, 2020 9:02am Jun 9, 2020 9:02am
Quoting QuantaMath
In H4 chart The first ABC pattern was completed, and there is another abc correction pattern {image}
The abc pattern is almost complete, There is two scenario:

  1. The price turn down and the down trend will continue
  2. The harmonic pattern is on the way which could meet 1749~1750 after that I will looking for PA.

  • #2,489
  • Jun 9, 2020 9:04am Jun 9, 2020 9:04am
Quoting rayoub
if this area holds looks like we're heading to 1723, 1727, 1730 possibly,
1723 is complete a perfect shape of abc pattern and if the price will find support there then I think to harmonic pattern is going to complete
  • #2,490
  • Jun 9, 2020 9:20am Jun 9, 2020 9:20am
Price has broken 1711.65, my 50% Year Support. I will look tomorrow, if price comes down and confirm it once again as a support.
Above it buy, below sell.
Always expect unexpected.
  • #2,491
  • Jun 9, 2020 9:44am Jun 9, 2020 9:44am
What's your idea for tomorrow news for USD ?

CPI m/m
Core CPI m/m
FOMC Economic Projections
FOMC Statement
Federal Funds Rate
FOMC Press Conference
  • #2,492
  • Jun 9, 2020 10:10am Jun 9, 2020 10:10am
Quoting Adenn
What's your idea for tomorrow news for USD ? CPI m/m Core CPI m/m FOMC Economic Projections FOMC Statement Federal Funds Rate FOMC Press Conference
Adenn..I strongly believe as my trade mentor Ed Seykota said...They are Funny-mentals, and if you happen to catch a profitable one, it will be a Surprise-o-mental.
Learn... Work Hard... Trade Alone
  • #2,493
  • Jun 9, 2020 10:14am Jun 9, 2020 10:14am
Quoting Skoljkica
Price has broken 1711.65, my 50% Year Support. I will look tomorrow, if price comes down and confirm it once again as a support. Above it buy, below sell.
Definitely Skoljkica,
I am really looking forward to tomorrow's trade paramters tonight at market close... 👁
Learn... Work Hard... Trade Alone
  • #2,494
  • Jun 9, 2020 10:30am Jun 9, 2020 10:30am
Quoting BiteFX
{quote} Adenn..I strongly believe as my trade mentor Ed Seykota said...They are Funny-mentals, and if you happen to catch a profitable one, it will be a Surprise-o-mental.
Based on this,
* I have just four recognizable chart patterns that I trade...Two high probability set up, and two low probabilty set up.
*The levels I plot on my chart helps me to determine entry and exit levels.
*I stick to that daily with news excluded.
Learn... Work Hard... Trade Alone
  • #2,495
  • Jun 9, 2020 10:40am Jun 9, 2020 10:40am
seemed the daily pp really did its thing today, I dont know why its taken me so long to do my homework but its making sense now, pp was 1692, price reached almost perfectly and flew, used 1704 s3 cam and flew
  • #2,496
  • Jun 9, 2020 10:49am Jun 9, 2020 10:49am
Quoting BiteFX
{quote} Based on this, * I have just four recognizable chart patterns that I trade...Two high probability set up, and two low probabilty set up. *The levels I plot on my chart helps me to determine entry and exit levels. *I stick to that daily with news excluded.
I completely agree, news is simply a catalyst for the move already being shown due to our TA. I've seen it so many times in the beginning when I tried it out, I would watch chart would show a drop imminent, new came out it would show green i would buy, by then spike up had happened, and then the drop that was shown prior happened and I blew acct. so as you said, i keep in mind the news coming out, anticipating more volatility and range smaller lots etc, but i don't trade based off of them
  • #2,497
  • Jun 9, 2020 11:00am Jun 9, 2020 11:00am
Quoting rayoub
seemed the daily pp really did its thing today, I dont know why its taken me so long to do my homework but its making sense now, pp was 1692, price reached almost perfectly and flew, used 1704 s3 cam and flew
This is what I do brother.
Gold market closes and opens at an hour interval. So, I make use of that space to do my homework.
It took some practice level though to achieve that.
Learn... Work Hard... Trade Alone
  • #2,498
  • Jun 9, 2020 4:27pm Jun 9, 2020 4:27pm
So am not sure why I tend to have the mindset to always want to do one action. for example just sell all week and look for sells, when signs are there to pay attention to. According to my analysis, I believe gold would like to push higher. after doing hw and analyzing, 1678 was monthly S1 for std pivot point calc. used this nicely, yesterdays pp was 1692, got used nicely. todays is 1709. which makes sense around 1710, this level has repeatedly been a make or break level . but with everything put together I will be looking for buys from 1707-1710 area. Also will place a buynlimit at 1698 around the S1 for today. tp will be around r2 1737. to r3 1754. my trendline anlysis confirms these areas as interests and seem to agree on the rising of gold. sl will be 1692 area. if price breaks below 1710 and remains there for quite sometime extending below 1707 I will reevaluate and see if it is a bearish day and potentially sell 1710 area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200609-171155_MetaTrader 4.jpg Size: 1.2 MB
Click to Enlarge Name: Screenshot_20200609-171245_MetaTrader 4.jpg Size: 1.6 MB
Click to Enlarge Name: Screenshot_20200609-171550_MetaTrader 4.jpg Size: 1.5 MB
Click to Enlarge Name: Screenshot_20200609-171741_MetaTrader 4.jpg Size: 1.2 MB
  • #2,499
  • Jun 9, 2020 5:05pm Jun 9, 2020 5:05pm
Trade Idea for Wednesday June 10, 2020.
Levels am watching...

Pro Tip: Each trade taken has a ramdom distribution of win or loss ratio. Once your edge is present, predetermine your risk, place your trade. You can't determine market's actions, only yours.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200609_225729.jpg Size: 87 KB
Learn... Work Hard... Trade Alone
  • #2,500
  • Jun 9, 2020 5:16pm Jun 9, 2020 5:16pm
Quoting rayoub
So am not sure why I tend to have the mindset to always want to do one action. for example just sell all week and look for sells, when signs are there to pay attention to. According to my analysis, I believe gold would like to push higher. after doing hw and analyzing, 1678 was monthly S1 for std pivot point calc. used this nicely, yesterdays pp was 1692, got used nicely. todays is 1709. which makes sense around 1710, this level has repeatedly been a make or break level . but with everything put together I will be looking for buys...
This is comprehensive... Well done brother.
We Stay Alive.
Learn... Work Hard... Trade Alone
3 traders viewing now