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Gold Mining - Using Each Trading Day's Trend

  • #2,861
  • Jul 16, 2020 6:58am Jul 16, 2020 6:58am
Quoting rayoub
woke up for a few mins, all shorts closed in profit, 2 buy limits activated at 1805, added another at 1804.50, tp is 1809 , keeping it short and sweet to see if we can pass 1810 again, if so will look for a buy from there later as for now content with what market will give
I remembered you and said...You must have come out alive
Learn... Work Hard... Trade Alone
  • #2,862
  • Jul 16, 2020 7:03am Jul 16, 2020 7:03am
From Excellent book by Nassim Nicholas Taleb: "The BLACK SWAN The Impact of the HIGHLY IMPROBABLE"
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  • #2,863
  • Jul 16, 2020 7:58am Jul 16, 2020 7:58am
Quoting QuantaMath
From Excellent book by Nassim Nicholas Taleb: "The BLACK SWAN The Impact of the HIGHLY IMPROBABLE" {image}
yes brother with no greed or fear I was able to close all but 1 position in profit. those buys almost got me lol. market only wicked up to 1808.50, but managed to catch it haha. i am just waiting for PA now., I am looking to short 1809 or buy 1795-98
  • #2,864
  • Jul 16, 2020 9:07am Jul 16, 2020 9:07am
Quoting BiteFX
{quote} Yeahp brother...well done job. Am on board the flight ✈
Following up on this move as we continue our day. We are looking great, I wish I could have anticipated a lower entry point for my LONG, I am still content and anxiously await my potential harvest.
How's everyone feeling?
Getting green but seldom seen
  • #2,865
  • Jul 16, 2020 10:10am Jul 16, 2020 10:10am
Quoting Xautrucho
{quote} Following up on this move as we continue our day. We are looking great, I wish I could have anticipated a lower entry point for my LONG, I am still content and anxiously await my potential harvest. How's everyone feeling?
The market refused to trend but range, so am out with little profit though.
Learn... Work Hard... Trade Alone
  • #2,866
  • Jul 16, 2020 10:25am Jul 16, 2020 10:25am
Quoting BiteFX
{quote} The market refused to trend but range, so am out with little profit though.
A profitable decision, brother. Great call!
I'm looking to make another LONG entry at 1803.60. Gonna try and ride it out, I'm hoping a pattern I see comes to life, if so, I shall take profits at 1810.60.
Getting green but seldom seen
  • #2,867
  • Jul 16, 2020 10:55am Jul 16, 2020 10:55am
Quoting Xautrucho
{quote} Following up on this move as we continue our day. We are looking great, I wish I could have anticipated a lower entry point for my LONG, I am still content and anxiously await my potential harvest. How's everyone feeling?
no worries brother, 1806 still not bad for a long, I just entered into 3 longs from 1805/1806, again 30m 200 ema has been hit and played around a lot, yesterdays daily pp was 1803.50 we see that level getting hit a bunch, so as such i am anticipating a rise to 1809 where I will take profits and then wait for a break of 1810.50 to confirm another buy if not SOTE we stay alive.

1809 is daily pp so a whack at this level should happen soon. gaps left on the qay down at 1808 and 1811.
  • #2,868
  • Jul 16, 2020 11:07am Jul 16, 2020 11:07am
Quoting rayoub
{quote} no worries brother, 1806 still not bad for a long, I just entered into 3 longs from 1805/1806, again 30m 200 ema has been hit and played around a lot, yesterdays daily pp was 1803.50 we see that level getting hit a bunch, so as such i am anticipating a rise to 1809 where I will take profits and then wait for a break of 1810.50 to confirm another buy if not SOTE we stay alive. 1809 is daily pp so a whack at this level should happen soon. gaps left on the qay down at 1808 and 1811.
Yes brother, that level is significant.
I have decided to sell 1806...up until now market still ranging, but might trend sooner.
I Stay Alive.
Learn... Work Hard... Trade Alone
  • #2,869
  • Jul 16, 2020 11:12am Jul 16, 2020 11:12am
Quoting rayoub
{quote} no worries brother, 1806 still not bad for a long, I just entered into 3 longs from 1805/1806, again 30m 200 ema has been hit and played around a lot, yesterdays daily pp was 1803.50 we see that level getting hit a bunch, so as such i am anticipating a rise to 1809 where I will take profits and then wait for a break of 1810.50 to confirm another buy if not SOTE we stay alive. 1809 is daily pp so a whack at this level should happen soon. gaps left on the qay down at 1808 and 1811.
Thanks for the input, brother. Reassurance from a knowledgeable source is always a breath of fresh air. I'm gonna keep 1809 in mind. If I see PA cross 1809, I will adjust 1809 as my stop loss and respectfully wait for long anticipated 1810.60. All in all, a lovely day. Thanks again, brother
Getting green but seldom seen
  • #2,870
  • Jul 16, 2020 11:33am Jul 16, 2020 11:33am
Quoting BiteFX
{quote} Yes brother, that level is significant. I have decided to sell 1806...up until now market still ranging, but might trend sooner. I Stay Alive.
May be this is the move we have been anticipating to take us down to 1795.46...This is forex, anything is possible!!!
Learn... Work Hard... Trade Alone
  • #2,871
  • Jul 16, 2020 11:38am Jul 16, 2020 11:38am
Quoting BiteFX
{quote} May be this is the move we have been anticipating to take us down to 1795.46...This is forex, anything is possible!!!
Although, I haven't seen my parameters showing Trending... But off course, market is still trading below Pivot.
We Stay Alive brothers...
Learn... Work Hard... Trade Alone
  • #2,872
  • Jul 16, 2020 11:38am Jul 16, 2020 11:38am
Quoting BiteFX
{quote} May be this is the move we have been anticipating to take us down to 1795.46...This is forex, anything is possible!!!
Brother, I'm afraid this ride is gonna have to wait for Ray and I lol If not, I hope Ray has his stop losses in place. I just got another LONG position at 1803.60. Really hoping for a move to at least 1808.20 for some quick profit
Getting green but seldom seen
  • #2,873
  • Edited 1:48pm Jul 16, 2020 12:13pm | Edited 1:48pm
Quoting BiteFX
{quote} Although, I haven't seen my parameters showing Trending... But off course, market is still trading below Pivot. We Stay Alive brothers...
Hell of a call on that one, brother. Had to take an L on that one. Let's see what this new range has to offer.
Getting green but seldom seen
  • #2,874
  • Jul 16, 2020 1:21pm Jul 16, 2020 1:21pm
The SUPPORT at 1795 - 1793 appears to stubborn, unless a break beyond 1793, I ain't selling, just watching this gridlock!!!
Jus tryna be a BILLIONAIRE!
  • #2,875
  • Jul 16, 2020 1:22pm Jul 16, 2020 1:22pm
Quoting Xautrucho
{quote} Hell of a call on that one, brother. Had to take an L on that one. Let's seewsee what this new range has to offer.
shit bears just came in strong as hell. so as I said before I don't use stop losses because I like to be stupid sometimes -__- but yes we had a small bounce to 1807 where bears came in hard. i added buys at 1796 1797 1797 and 1798 tp will be 1805 for those and the other ones are still 1809. PLEASE TRADE YOUR ANALYSIS all of you do not just blindly follow me or others make sure what you see is what you trade. i was anticipating a short but after so many failed attempts at passing 1803 I thought a buy was sufficient appparently gold had other plans. All good. we will see if i can come out alive
  • #2,876
  • Jul 16, 2020 1:26pm Jul 16, 2020 1:26pm
4hr has a nice hns forming, for my sake I pray its right lol went a little trigger happy today idk why but we shall see
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  • #2,877
  • Jul 16, 2020 1:34pm Jul 16, 2020 1:34pm
Quoting BiteFX
{quote} Yes brother, that level is significant. I have decided to sell 1806...up until now market still ranging, but might trend sooner. I Stay Alive.
great analysis brother i was stubborn and cashed out earlier profits then rebought at 1805 and had to witness the wrath of the bears. i did buy all the way down tho as a stubborn trader, I see 1796-1798 giving support, if it breaks down 1793 as Obatraid said then i will give in to bears.
  • #2,878
  • Edited 2:13pm Jul 16, 2020 1:53pm | Edited 2:13pm
Quoting rayoub
{quote} shit bears just came in strong as hell. so as I said before I don't use stop losses because I like to be stupid sometimes -__- but yes we had a small bounce to 1807 where bears came in hard. i added buys at 1796 1797 1797 and 1798 tp will be 1805 for those and the other ones are still 1809. PLEASE TRADE YOUR ANALYSIS all of you do not just blindly follow me or others make sure what you see is what you trade. i was anticipating a short but after so many failed attempts at passing 1803 I thought a buy was sufficient appparently gold had other...
Brother, I had to tap out! But I have also made another entry at 1795 haha I just had to. I see the same the anticipation and am hoping for it too. We still have one more day and we're still alive, let's do this!

I'm looking at the charts and I see a potential move down to 1791.34 for further support and if that fails then a further move down to 1786.86. I really want to be a bull but I'm going to have to go bear at 1799.75. I hope we come out alive brothers!
Getting green but seldom seen
  • #2,879
  • Jul 16, 2020 2:18pm Jul 16, 2020 2:18pm
Quoting Xautrucho
{quote} Brother, I had to tap out! But I have also made another entry at 1795 haha I just had to. I see the same the anticipation and am hoping for it too. We still have one more day and we're still alive, let's do this! I'm looking at the charts and I see a potential move down to 1791.34 for further support and if that fails then a further move down to 1786.86. I really want to be a bull but I'm going to have to go bear at 1799.75. I hope we come out alive brothers!
indeed brother j see 1790 as well, a gap was left down there too. if it comes to that so be it, bears will invalidate my analysis if they break down 1788 until then this could be the necessary pullback for bulls to get in order.
  • #2,880
  • Edited 3:05pm Jul 16, 2020 2:23pm | Edited 3:05pm
Quoting rayoub
{quote} indeed brother j see 1790 as well, a gap was left down there too. if it comes to that so be it, bears will invalidate my analysis if they break down 1788 until then this could be the necessary pullback for bulls to get in order.
I tell you what though Ray, I see a potential shake and bake/bull trap up to 1804.42. I'm gonna have to wing it out and see if I can ride my LONG up to that price and then back down to 1792.43.

Update: Just managed to get a LONG entry at 1795.70. I don't like the idea of hedging but I'm gonna have to break some rules for this Gold.
Getting green but seldom seen
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