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Gold Mining - Using Each Trading Day's Trend

  • #2,881
  • Jul 16, 2020 2:45pm Jul 16, 2020 2:45pm
Quoting Xautrucho
{quote} 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.
my tps are 1805 lol. I'll take 7 profits and 3 losses at that point but I'm fine with that
  • #2,882
  • Jul 16, 2020 3:10pm Jul 16, 2020 3:10pm
Quoting rayoub
{quote} my tps are 1805 lol. I'll take 7 profits and 3 losses at that point but I'm fine with that
Honestly, that's a great call brother. I wanna ride this one out with you, I'm glad I bought back in earlier. Let's see if the Asian market can bless us with the retracement we need. I feel that we have more sideways range ahead of us tomorrow. The important thing is we live to fight another day. We stayed Alive!
Getting green but seldom seen
  • #2,883
  • Jul 16, 2020 3:55pm Jul 16, 2020 3:55pm
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!!!
Almost reached, next is 1792.48 and ultimately 1758.86.
But as we know, market is not a straight line.
I Stay Alive
Learn... Work Hard... Trade Alone
  • #2,884
  • Jul 16, 2020 4:01pm Jul 16, 2020 4:01pm
Quoting BiteFX
{quote} Almost reached, next is 1792.48 and ultimately 1758.86. But as we know, market is not a straight line. I Stay Alive
great call brother reached perfectly. I remain alive as well and xautruxho you are a good man brother glad yo have you in here with us.
anlalysis for tomorrow will come shortly.
  • #2,885
  • Jul 16, 2020 4:02pm Jul 16, 2020 4:02pm
The market has clearly picked a direction ...
So, levels popping up on the chart...
1799.54 and 1797.93 are good re-entry points to drive this market down.
Learn... Work Hard... Trade Alone
  • #2,886
  • Jul 16, 2020 4:06pm Jul 16, 2020 4:06pm
Quoting rayoub
{quote} great call brother reached perfectly. I remain alive as well and xautruxho you are a good man brother glad yo have you in here with us. anlalysis for tomorrow will come shortly.
Thank you brother... It goes a long way.
Learn... Work Hard... Trade Alone
  • #2,887
  • Jul 16, 2020 4:45pm Jul 16, 2020 4:45pm
Quoting rayoub
{quote} great call brother reached perfectly. I remain alive as well and xautruxho you are a good man brother glad yo have you in here with us. anlalysis for tomorrow will come shortly.
Gratitude, brother. I appreciate your kindness. Looking forward to your analysis.
Getting green but seldom seen
  • #2,888
  • Jul 16, 2020 5:09pm Jul 16, 2020 5:09pm
Quoting BiteFX
The market has clearly picked a direction ... So, levels popping up on the chart... 1799.54 and 1797.93 are good re-entry points to drive this market down.
I agree with you, I see the levels you are seeing. However, on a side note if I may add, I think it is important that I keep 1801.90 along with 1803.96, ultimately 1805.10 in mind. In an ideal world, I would like to SHORT at 1804.50 down to 1790.20. A this point I would like to think PA will sideways range from 1790.20 to 1797.14. This battle will determine my next move. If Bears prevail, I can see 1789.01 supplying support, followed by 1786.62 and potentially falling to 1779.62. For now I will patiently watch how PA moves to 1798.95. As always let's stay Alive out there
Lastly, if for some crazy reason PA breaks past all the resistance mentioned above, 1807.87 is the price I'll watch for Bull possession. Look forward to hearing everyone's thoughts!
Getting green but seldom seen
  • #2,889
  • Jul 16, 2020 9:34pm Jul 16, 2020 9:34pm
So based on what I'm seeing, there is a very good chance bulls will take price back up to around 1805-1807 area before bears come back in. I see 1794-1792 as shoulder support S1 stands around 1790 area.

R1 is up around 1808 which lines up nicely with my trend line. 1798 is an important level. if bulls can manage to close the 1hr above 1798.50 I believe that 200 ema should help give it a lil boost up to 1805 at the very least.

if bulls pass 1810 and close above I will buy that with 1st tgt around 1815
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  • #2,890
  • Jul 16, 2020 9:46pm Jul 16, 2020 9:46pm
Quoting rayoub
So based on what I'm seeing, there is a very good chance bulls will take price back up to around 1805-1807 area before bears come back in. I see 1794-1792 as shoulder support S1 stands around 1790 area. R1 is up around 1808 which lines up nicely with my trend line. 1798 is an important level. if bulls can manage to close the 1hr above 1798.50 I believe that 200 ema should help give it a lil boost up to 1805 at the very least. if bulls pass 1810 and close above I will buy that with 1st tgt around 1815 {image}
Well done job brother
Learn... Work Hard... Trade Alone
  • #2,891
  • Jul 16, 2020 9:47pm Jul 16, 2020 9:47pm
Hi All, great reading the thread and thoughts, not much of a trader myself, dabbled here and there over the years, work takes over and cant manage trades etc
However with an opening of 1793.67 im thinking should realy get a retest of that area before a move up, but the market will do what it wants to

happy trading to all
  • #2,892
  • Jul 16, 2020 10:38pm Jul 16, 2020 10:38pm
Quoting BiteFX
{quote} Well done job brother
Thank you brother your analysis is on point as well. I actually agree that we will see bears come thru but I am rather hoping there is some room for a pullback. on the 3hr price has wicked down here plenty of times and found support, so hoping support doesn't fail just quite yet
  • #2,893
  • Jul 16, 2020 10:46pm Jul 16, 2020 10:46pm
Quoting Xautrucho
{quote} I agree with you, I see the levels you are seeing. However, on a side note if I may add, I think it is important that I keep 1801.90 along with 1803.96, ultimately 1805.10 in mind. In an ideal world, I would like to SHORT at 1804.50 down to 1790.20. A this point I would like to think PA will sideways range from 1790.20 to 1797.14. This battle will determine my next move. If Bears prevail, I can see 1789.01 supplying support, followed by 1786.62 and potentially falling to 1779.62. For now I will patiently watch how PA moves to 1798.95. As...
great anlysis as well brother. it seems we are all in agreement about 1790 area coming soon. no doubt about it. and yes in an ideal world 1807 is my short sweet spot.

you'll see I always like to mention gaps as a heads up since I also scalp a lot. 1805.08 1808.89 and 1811. gaps below stand at 1790, 1787 and 1774.27 we will see what market decides
  • #2,894
  • Edited 3:24am Jul 17, 2020 3:04am | Edited 3:24am
Quoting Skoljkica
Good day to all. Great analysis there as always. I am looking at 1807.94 as a support/resistance line, above it buy, below sell. If 1807.94 acts as a resistance I expect price to fall down to 1798.67 If 1807.94 acts as a support I expect 1819.40 to be reached.
TP hit yesterday.
Now I'm in with bulls at 1800.00 as long as price is holding above 1798.67 (still support/resistance line), for now plan is the same as yesterdays

First TP is at 1810.95 which already acted as a resistance couple of times.
Note: 1804.53 can also act as a resistance and push price to 1801.74 to find support.
Second potential TP is at 1816.47/1819.40 (to fulfill its daily range price should hit 1816.47)
It is possible price will hit 1810.95 and find support at 1807.94, then continue its upward movement

If price can't hold 1798.67 we could see 1777.94
Let's see what is London bringing to us.
Attached Image
Always expect unexpected.
  • #2,895
  • Jul 17, 2020 4:02am Jul 17, 2020 4:02am
I believe Congratulations are in order for Ray and Xau, for holding their crazy buys , I believe they're alive

Across the Charts, USD appears to be falling, is this a consolidation or have I missed a crucial "UNLISTED" news???
Jus tryna be a BILLIONAIRE!
  • #2,896
  • Jul 17, 2020 5:01am Jul 17, 2020 5:01am
Quoting Skoljkica
{quote} TP hit yesterday. Now I'm in with bulls at 1800.00 as long as price is holding above 1798.67 (still support/resistance line), for now plan is the same as yesterdays First TP is at 1810.95 which already acted as a resistance couple of times. Note: 1804.53 can also act as a resistance and push price to 1801.74 to find support. Second potential TP is at 1816.47/1819.40 (to fulfill its daily range price should hit 1816.47) It is possible price will hit 1810.95 and find support at 1807.94, then continue its upward movement If price can't hold...
Well done job Skolj
Learn... Work Hard... Trade Alone
  • #2,897
  • Edited 5:46am Jul 17, 2020 5:34am | Edited 5:46am
Brothers, we are still very much Alive! It is such a busy day, I look forward to being able to sit down, produce further analysis for upcoming week. I will be back! Let's keep 1805.57 (309MA)/38.2 Daily Pivot and 1809.00 which is the 23.6 Daily Pivot. Let's make some moves, but let's be conservative. So close to the end of the week, let's just ice these cakes and wrap things up. My last call for bulls is 1800.00. Stay Alive!
Getting green but seldom seen
  • #2,898
  • Jul 17, 2020 5:49am Jul 17, 2020 5:49am
Quoting Xautrucho
Brothers, we are still very much Alive! It is such a busy day, I look forward to being able to sit down, produce further analysis for upcoming week. I will be back! Let's keep 1805.57 (309MA)/38.2 Daily Pivot and 1809.00 which is the 23.6 Daily Pivot. Let's make some moves, but let's be conservative. So close to the end of the week, let's just ice these cakes and wrap things up. My last call for bulls is 1800.00. Stay Alive!

brother God did that for us lol oh man. I actually went ahead and closed all positions. I wont lie I took a 20 dollar loss in total but compared to the kind of loss I was looking at yesterday, 20 was well worth it lol. Great job holding your position as well and hope you came out alive as well!! I will wait to see qhat happens between 1805-1807. I still see that 1807-1808 may knock this bad boy right back down, but we await market judgment
  • #2,899
  • Jul 17, 2020 6:03am Jul 17, 2020 6:03am
Quoting obatraid
I believe Congratulations are in order for Ray and Xau, for holding their crazy buys , I believe they're alive Across the Charts, USD appears to be falling, is this a consolidation or have I missed a crucial "UNLISTED" news???
Lol by the skin on my teeth. and from analysis standpoint I believe usd was supposed to drop. if you look at daily on usd you can see a nice bearish flag that is happening.
  • #2,900
  • Jul 17, 2020 6:12am Jul 17, 2020 6:12am
[quote=Skoljkica;13064508]{quote} TP hit yesterday. Now I'm in with bulls at 1800.00 as long as price is holding above 1798.67 (still support/resistance line), for now plan is the same as yesterdays First TP is at 1810.95 which already acted as a resistance couple of times. Note: 1804.53 can also act as a resistance and push price to 1801.74 to find support. Second potential TP is at 1816.47/1819.40 (to fulfill its daily range price should hit 1816.47) It is possible price will hit 1810.95 and find support at 1807.94, then continue its upward movement If price can't hold 1798.67 we could see 1777.94 Let's see what is London bringing to us. {image}[/quote
nice analysis sir,thanks
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