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Gold Mining - Using Each Trading Day's Trend

  • #3,021
  • Jul 23, 2020 9:57am Jul 23, 2020 9:57am
Quoting rayoub
good morning all, stupid fkn broker played me a bit had 3 buys at 1873.50, tp was 1879.50, broker didn't activate it the first time and I missed the first bounce off this area. but i was able to catch it the second time, am in with bulls, have closed 2 trades left 3rd running till 1898. would like 1880 to remain closed above before maybe adding another long at this level
added new longs at 1884.50, now will be patient and let these ride to 1897, (i see 1900 but want to assure tp is hit)
  • #3,022
  • Jul 23, 2020 10:07am Jul 23, 2020 10:07am
I've exited at 1889.00
Now waiting a pullback down, expect 1880.36 but 1876.19 would be great.
Always expect unexpected.
  • #3,023
  • Jul 23, 2020 11:32am Jul 23, 2020 11:32am
Quoting Skoljkica
I've exited at 1889.00 Now waiting a pullback down, expect 1880.36 but 1876.19 would be great.
dare I say i fked up lol my patientce ran thin when I saw all my trades in good profit around 1887 initially then rebought at 1885 and exited at 1892 -__- . take profit was smashed through would have recuperate all losses this week in those moves but we STAY ALIVE
  • #3,024
  • Jul 23, 2020 11:32am Jul 23, 2020 11:32am
Exited at 1893 after 1873 and 1880 long entries. Now take a rest for tommorow. (Using cent account)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (65).png Size: 91 KB
More ups than downs
  • #3,025
  • Jul 23, 2020 11:49am Jul 23, 2020 11:49am
Quoting Surya5
Exited at 1893 after 1873 and 1880 long entries. Now take a rest for tommorow. (Using cent account) {image}
great job brother!!!
ya i wasn't as patient with my tp at 1897 being hit, I knew it would happen the signs were there, just had rather larger profits then i usually take out so i got too excited as always, but price went where it went, I caught a couple shorts from 1898 but just scalped em as dont wanna get caught being a bear in bulls market cuz we saw how 1800 level was crushed not sure how 1900 will react and dont wanna assume it'll stop it yet.
  • #3,026
  • Jul 23, 2020 11:58am Jul 23, 2020 11:58am
Hello Fam. I hope we're all doing great.

Have so far closed several Buys upto 1898, 1900.00 is playing the hard to get game.

Price has failed to touch 1900.00 it's currently on a retrace to 1890, probably beyond. If there's a rebound to 1900 and above 1901 - 1902, I intend to initiate a Buy above 1902, TP - 1909 - 1910.

PA may engage in back and forths within 1880 - 1883; 1883 - 1889, above 1890 may see a retest to 1892 - 1900.
Jus tryna be a BILLIONAIRE!
  • #3,027
  • Jul 23, 2020 12:24pm Jul 23, 2020 12:24pm
I've actually put a few buys in at 1891. expecting a bounce to 1899-1900 then a drop back to 1888, 1885 area ext to 1873. 1891 is showing good support for one more bounce
  • #3,028
  • Edited 3:29am Jul 24, 2020 3:02am | Edited 3:29am
Quoting rayoub
{quote} dare I say i fked up lol my patientce ran thin when I saw all my trades in good profit around 1887 initially then rebought at 1885 and exited at 1892 -__- . take profit was smashed through would have recuperate all losses this week in those moves but we STAY ALIVE
It is hard for me to watch price moving in my direction and I don't know is price going to hit my TP. And when I see a bigger profit, I don't want to let the market to take it away from me, so I close order myself.
Yesterday I exited earlier than 1900 but I was still satisfied with my trading and every day I am becoming better and better in what I'm doing. I let my orders to stay longer in trading with protective SL.
Patience will come with trusting ourselves we are doing good job. We mustn't chase the market.
That is why I have 2 trades, one for scalping and another one to let it hit TP.
Always expect unexpected.
  • #3,029
  • Jul 24, 2020 3:03am Jul 24, 2020 3:03am
Good morning everyone.

Hi Skol, Quanta, how are we looking this morning...

I had my longs all through yesterday at 1890 and 1894, had endured the painful downward movement all through yesterday evening, upto this early morning, hours, BUT NOW I'm SMILING.

How are we looking this morning, where does this Juice up end, (i.e. the PULLBACK, before we get loaded again)?
Jus tryna be a BILLIONAIRE!
  • #3,030
  • Jul 24, 2020 4:21am Jul 24, 2020 4:21am
Good day to all.

I scalped some buys from 1890, closed them at 1895, waited for a pullback and now I'm in again at 1894.
I expect price to reach 1906.09 (as a first bigger resistance) and fall down to 1902.30 to confirm it as a support for further growth.
Also, falling down to 1889.36 would be a nice buy entry which price could reach but I'm not so sure about it since it was already tested. I have it on my mind.
1918.52 seems reachable so I moved my TP there.
Always expect unexpected.
  • #3,031
  • Jul 24, 2020 5:09am Jul 24, 2020 5:09am
The gold is currently in a very sensitive zone, and although it is likely to grow until 1910, it is very likely that it will fall from here in American time and start its own corrective movement. My suggestion is to watch from here until we have a strong signal.
  • #3,032
  • Jul 24, 2020 5:23am Jul 24, 2020 5:23am
Quoting Skoljkica
Good day to all. I scalped some buys from 1890, closed them at 1895, waited for a pullback and now I'm in again at 1894. I expect price to reach 1906.09 (as a first bigger resistance) and fall down to 1902.30 to confirm it as a support for further growth. Also, falling down to 1889.36 would be a nice buy entry which price could reach but I'm not so sure about it since it was already tested. I have it on my mind. 1918.52 seems reachable so I moved my TP there.
Got kicked out from this one.
It looks like 1889.36 was meant to be so I reentered buy at 1890.
Targets are the same.
Always expect unexpected.
  • #3,033
  • Edited 8:51am Jul 24, 2020 8:33am | Edited 8:51am
Quoting Skoljkica
{quote} I reentered buy at 1890. Targets are the same.
Profit took at 1904, now waiting for new opportunity, to catch the train for 1918.52

Edit to the post:
Pullback down to 1889.36 would be nice. I'm waiting to see where will H4 candle open.
Always expect unexpected.
  • #3,034
  • Jul 24, 2020 8:47am Jul 24, 2020 8:47am
Quoting Skoljkica
{quote} Profit took at 1904, now waiting for new opportunity, to catch the train for 1918.52
Well done and thankyou Skol for your input, i took one profit at 1905.5 and a sell order in at 1905.57 then a smaller buy order in at 1998.80

the upper sell more working for a hedge for when and if it pops to 1918 lol...a much happier man today
  • #3,035
  • Jul 24, 2020 8:58am Jul 24, 2020 8:58am
I'm hoping 1998 will hold till we hit around 1910-1918, i still have sell orders in at 1915 and 1917.4

time will tell

will re evaluate everything if 1998 does not hold till we get up around the teens nnnnnnnnnnnnnnnnn19 lol
  • #3,036
  • Jul 24, 2020 9:33am Jul 24, 2020 9:33am
Quoting Skoljkica
{quote} Profit took at 1904, now waiting for new opportunity, to catch the train for 1918.52 Edit to the post: Pullback down to 1889.36 would be nice. I'm waiting to see where will H4 candle open.
great job again brother and yes i am trying to learn more and more everyday although sometimes my losses seem to be from pure stupidity on my part, I'm not aure qhy I have a problem adding positions when price moves against me, that is my biggest flaw. I need to follow the move, not try and pick a reversal spot, and just keep going against until I get lucky. this week was a roller coaster made a lot lost a lot and mostly due to opening too many positions at once and not terminating bad ones immediately. as such I am still learning and I will be there soon InshaAllah. as for today was sat on the sides and caught a couple small moves but as for now just watching. 1902.30 seems good support as yiu said but it may have turned resistance. will watch and see
  • #3,037
  • Jul 24, 2020 11:33am Jul 24, 2020 11:33am
Have a nice weekend all, until Next Week.
Jus tryna be a BILLIONAIRE!
  • #3,038
  • Jul 24, 2020 2:58pm Jul 24, 2020 2:58pm
Quoting Skoljkica
{quote} Profit took at 1904, now waiting for new opportunity, to catch the train for 1918.52 Edit to the post: Pullback down to 1889.36 would be nice. I'm waiting to see where will H4 candle open.
At what H4 close price we have to look for entry buy.
  • #3,039
  • Jul 26, 2020 9:20am Jul 26, 2020 9:20am
Hi, I'm sharing a link of a tool Pro7 and I use to trade, if anyone is interested.
It allows me to trade more entries at the same price or in a different range. Also it is great because I can prepare more trades for more symbols. And I can close them faster.
It is free without expiry date. More details on the link
Always expect unexpected.
  • #3,040
  • Jul 27, 2020 3:19am Jul 27, 2020 3:19am
Good morning to all.

Looking at the yearly chart, price could reach 2048, maybe until the end of the week? That would be interesting. Especially because there is no history data above 1921, which was the highest price Gold has ever reached.

I'm in with bulls at 1935, targeting 1955.87 as a first resistance line on H4 chart, although 1947/1950 could act as a resistance as well.
Pullback down to 1927.18 would be nice, let's see what market will bring to us.
Attached Image
Always expect unexpected.
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