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Gold Mining - Using Each Trading Day's Trend

  • #3,061
  • Jul 29, 2020 4:25am Jul 29, 2020 4:25am
Quoting Iscarter
{quote} How much are you willing to loose.? That's your stop loss
Always expect unexpected.
  • #3,062
  • Jul 29, 2020 4:27am Jul 29, 2020 4:27am
Quoting Iscarter
{quote} How much are you willing to loose.? That's your stop loss

what a beautiful statement
Forex can only be understood backwards, but it must be traded forwards.
  • #3,063
  • Jul 29, 2020 4:31am Jul 29, 2020 4:31am
Quoting Skoljkica
I have a pending buy at 1959.00 which is activated. I expect price will reach 1984.56 as a first bigger resistance line and then possible pullback to 1976. If 1984.56 acts as a support, next target is 2002.29 as second bigger resistance line, pullback expected. If 2002.29 acts as a support as well, 2048 could be reached. Edit: Don't forget FOMC minutes today.
I won't be surprised if price falls down to 1946.08/1944.90
Always expect unexpected.
  • #3,064
  • Jul 29, 2020 5:14am Jul 29, 2020 5:14am
Quoting Nanotech
{quote} Where is SL?
hi Nano,
you are missing IMHO basic ground for trading - TRADING PLAN -
What Is a Trading Plan?

  1. A trading plan is a roadmap for how to trade, and no trades should be placed without a well-researched plan.
  2. The plan is written down and followed. It is not altered unless it is found not to work (make money) or the trader finds a way to improve it.
  3. A basic trading plan includes entry and exit rules, as well as risk management and position sizing rules.

pro7

Forex can only be understood backwards, but it must be traded forwards.
  • #3,065
  • Jul 29, 2020 6:23am Jul 29, 2020 6:23am
Quoting prozor7
{quote} hi Nano, you are missing IMHO basic ground for trading - TRADING PLAN - What Is a Trading Plan? A trading plan is a roadmap for how to trade, and no trades should be placed without a well-researched plan. The plan is written down and followed. It is not altered unless it is found not to work (make money)...

Very Well Defined
  • #3,066
  • Jul 29, 2020 10:28am Jul 29, 2020 10:28am
Thanks for the tip Skol I appreciate it!! on a different note gold has whacked the pivot around 1948 quite sometime today.

15m 200 was hit provided a nice 150 pip move back up. didnt catch it my buy limit was 1940 spread didnt catch, will still fine tune, but just watching for now, 1962 has provwd to be quite the resistance, unless it is broken upwards, could get a nice hit back down to 1920 area. not sure your thoughts on that. I do see your aiming for 1984
  • #3,067
  • Jul 29, 2020 12:31pm Jul 29, 2020 12:31pm
Quoting Skoljkica
{quote} I won't be surprised if price falls down to 1946.08/1944.90
Hi Friend how are you? Your prediction always good. So please what will be your prediction in news that where Gold will going?
  • #3,068
  • Jul 29, 2020 1:40pm Jul 29, 2020 1:40pm
Quoting mwaqar309
{quote} Hi Friend how are you? Your prediction always good. So please what will be your prediction in news that where Gold will going?
My prediction is written in this post
Always expect unexpected.
  • #3,069
  • Jul 29, 2020 2:09pm Jul 29, 2020 2:09pm
Quoting Skoljkica
I have a pending buy at 1959.00 which is activated. I expect price will reach 1984.56 as a first bigger resistance line and then possible pullback to 1976. If 1984.56 acts as a support, next target is 2002.29 as second bigger resistance line, pullback expected. If 2002.29 acts as a support as well, 2048 could be reached. Edit: Don't forget FOMC minutes today.
Nailed it
  • #3,070
  • Jul 29, 2020 2:28pm Jul 29, 2020 2:28pm
Will it go back to 1980's ?
  • #3,071
  • Jul 29, 2020 5:30pm Jul 29, 2020 5:30pm
When FOMC takes place, it took BOTH Bulls and Bears. At 1 a.m. take 50 minutes from 1957 to 1981, retreat to 1951 in last 10 minutes, before get stabilized at 1967-1972 area. (Time at GMT+7)
Attached Image (click to enlarge)
Click to Enlarge Name: 2020_07_30_05_29_52.jpg Size: 240 KB
More ups than downs
  • #3,072
  • Jul 29, 2020 10:58pm Jul 29, 2020 10:58pm
So havent posted in a while an anlysis but here it goes so daily pp has been hit already several times 1964.50 area (put 2 buys in here, sl is tight 1960). first support at 1961.20 was tried and got a nice bounce, if 1961 cannot hold, will look to 1948-1951 as next possible buy area, if 1967 can be broken and held above I believe we will get a shot at 1977 as first resitance area, if 1980 is broken then we should see 2003.

so buy 1948, 1967 and if broken 1980. 1st tgt is 1977 as said, second will be 2003.

if 1948 is broken to the bottom this will open the door to a sell from that area down to 1939 ext to 1929
  • #3,073
  • Jul 29, 2020 11:03pm Jul 29, 2020 11:03pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200730-000246_MetaTrader 4.jpg Size: 1.2 MB
  • #3,074
  • Jul 29, 2020 11:28pm Jul 29, 2020 11:28pm
Quoting rayoub
So havent posted in a while an anlysis but here it goes so daily pp has been hit already several times 1964.50 area (put 2 buys in here, sl is tight 1960). first support at 1961.20 was tried and got a nice bounce, if 1961 cannot hold, will look to 1948-1951 as next possible buy area, if 1967 can be broken and held above I believe we will get a shot at 1977 as first resitance area, if 1980 is broken then we should see 2003. so buy 1948, 1967 and if broken 1980. 1st tgt is 1977 as said, second will be 2003. if 1948 is broken to the bottom this will...
That's so nice of you Rayoub! Can you tell me is there high or low chance of Bearish to dominate the chart??
  • #3,075
  • Jul 29, 2020 11:31pm Jul 29, 2020 11:31pm
Quoting Surya5
When FOMC takes place, it took BOTH Bulls and Bears. At 1 a.m. take 50 minutes from 1957 to 1981, retreat to 1951 in last 10 minutes, before get stabilized at 1967-1972 area. (Time at GMT+7) {image}
The indicator you are using is present in mt4 ,5 or it is a custom one ??
  • #3,076
  • Jul 29, 2020 11:58pm Jul 29, 2020 11:58pm
Quoting Itxtaha
{quote} The indicator you are using is present in mt4 ,5 or it is a custom one ??
I just using the indicator that present in MT4 (SMA 20, EMA 200, Alligator, Fractals, and CCI 50)
More ups than downs
  • #3,077
  • Jul 30, 2020 2:50am Jul 30, 2020 2:50am
Good morning to all.

I'm looking to go long at 1944.90
And I expect for price to reach 1984.56/2002.29 until the end of the day
1955.87 and 1964.73 are resistance areas from which I expect price reversal as a new opportunity to reenter buy, especially if scalping
Always expect unexpected.
  • #3,078
  • Jul 30, 2020 3:26am Jul 30, 2020 3:26am
Very good Dear Skolj! As always, be blessed. I have a question right a hour ago In chart 1947 was hitted , so I think there will be no Sell down from 1950 anymore ! So Please can you do ny correction here ... Thanks
  • #3,079
  • Jul 30, 2020 3:37am Jul 30, 2020 3:37am
Quoting Itxtaha
Very good Dear Skolj! As always, be blessed. I have a question right a hour ago In chart 1947 was hitted , so I think there will be no Sell down from 1950 anymore ! So Please can you do ny correction here ... Thanks
As I wrote, I expect 1944.90.
No one knows what will price do. It could also hit 1927.18.
I am not here to correct you. You should have your own analysis and trade with it. And you should know why you entered and exited the trade.
Always expect unexpected.
  • #3,080
  • Jul 30, 2020 4:07am Jul 30, 2020 4:07am
Quoting Itxtaha
Very good Dear Skolj! As always, be blessed. I have a question right a hour ago In chart 1947 was hitted , so I think there will be no Sell down from 1950 anymore ! So Please can you do ny correction here ... Thanks
Just to note that even if it's could be expected at 1944.80 will bounce to 1955.87, we can't guarantee that it could be right until market confirms it. Fundamentals news and condition of currency that would be traded become a key which path that market would go, up or down.
More ups than downs
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