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Gold Mining - Using Each Trading Day's Trend

  • #3,401
  • Sep 8, 2020 9:23pm Sep 8, 2020 9:23pm
hey all sorry been away for a bit hope all is well. so based on my analysis am looking to sell 1930-1934 area down to 1909. sl will be tight at 1937.50 if price can break above 1940 and close strong then i believe bulls will be back in business but until 1940-1945 area is conquered I think bears still have this. ( Also dollar is not letting up since it tapped the monthly 200ema its been on a bit of a recovery..

if 1909 is broken and closed below nicely this will open the door to 1893 ext down to 1864 by end of week.
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  • #3,402
  • Sep 8, 2020 10:04pm Sep 8, 2020 10:04pm
Quoting Skoljkica
I've just noticed this, I thought it was a "leftover" from an indicator. Yesterdays candle where price didn't move a pip in one hour. {image}
hey brother possible that was because labor day and they closed markets early not sure. but mine shows it ended at 19:00 opened at 1:00
  • #3,403
  • Sep 8, 2020 11:33pm Sep 8, 2020 11:33pm
Quoting rayoub
hey all sorry been away for a bit hope all is well. so based on my analysis am looking to sell 1930-1934 area down to 1909. sl will be tight at 1937.50 if price can break above 1940 and close strong then i believe bulls will be back in business but until 1940-1945 area is conquered I think bears still have this. ( Also dollar is not letting up since it tapped the monthly 200ema its been on a bit of a recovery.. if 1909 is broken and closed below nicely this will open the door to 1893 ext down to 1864 by end of week. {image}
All is well brother...I hope you are good too man!
Welcome back gold miner.
Learn... Work Hard... Trade Alone
  • #3,404
  • Sep 8, 2020 11:36pm Sep 8, 2020 11:36pm
Quoting BiteFX
Trade Ideas as on the Chart. With a bullish engulfing pattern on the H4 time frame and a bullish pin bar reversal signal on D1, Market's decision is final... Mine is only a projection. MACD showing bullish intent... We Stay Alive... {image}
Market chose buy limit, not I. So, I ride to take profit... Sote!
Learn... Work Hard... Trade Alone
  • #3,405
  • Sep 9, 2020 1:23am Sep 9, 2020 1:23am
Market is currently giving a buy re-entry... Join up if you like.
Learn... Work Hard... Trade Alone
  • #3,406
  • Sep 9, 2020 1:29am Sep 9, 2020 1:29am
Chart update.
Line chart showing some interesting information.
Trade what you see guys...and
Stay Alive
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  • #3,407
  • Sep 9, 2020 2:11am Sep 9, 2020 2:11am
Good morning to all.
My plan for today is pretty much the same as yesterday's since price didn't move much.
I don't see buy opportunity unless price finds support at 1946.15/1946.35, but I expect it to fall down to 1904.55 first, more likely 1892.90 where I will consider buy option.
My first target will be 1946.15, if that acts as a support, then next target I expect to be 1965.26/1973.08
Always expect unexpected.
  • #3,408
  • Sep 9, 2020 7:22am Sep 9, 2020 7:22am
I just learn to trust the market to do its thing...
Buy stop loss almost hit, but am still alive.
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  • #3,409
  • Sep 9, 2020 9:09am Sep 9, 2020 9:09am
Quoting rayoub
hey all sorry been away for a bit hope all is well. so based on my analysis am looking to sell 1930-1934 area down to 1909. sl will be tight at 1937.50 if price can break above 1940 and close strong then i believe bulls will be back in business but until 1940-1945 area is conquered I think bears still have this. ( Also dollar is not letting up since it tapped the monthly 200ema its been on a bit of a recovery.. if 1909 is broken and closed below nicely this will open the door to 1893 ext down to 1864 by end of week. {image}
manually closed at 1922, that recent all time high area of 1920s is a persistent one to break down.
  • #3,410
  • Sep 9, 2020 9:09am Sep 9, 2020 9:09am
Quoting BiteFX
I just learn to trust the market to do its thing... Buy stop loss almost hit, but am still alive. {image}
great analysis brother and great execution
  • #3,411
  • Sep 9, 2020 9:36am Sep 9, 2020 9:36am
Quoting Skoljkica
Good morning to all. My plan for today is pretty much the same as yesterday's since price didn't move much. I don't see buy opportunity unless price finds support at 1946.15/1946.35, but I expect it to fall down to 1904.55 first, more likely 1892.90 where I will consider buy option. My first target will be 1946.15, if that acts as a support, then next target I expect to be 1965.26/1973.08
Price has broken 1946.35 and it looks like 1941.15 could act as a support, so I'm targeting 1984.82.
Let's see will it hold 1946.35
Always expect unexpected.
  • #3,412
  • Sep 9, 2020 2:46pm Sep 9, 2020 2:46pm
The price has reacted well at levels 1922.81 and 1905.96, I guess the market is in the pullback of the breakout of the golden trend line 1. And I guess the price could meet the area of the blue rectangle, between 1967-1981
If the price cross the green trend line then I guess the price will move down, maybe 1800-1850 channel
The sell limits without stop losses are in my demo account because I am developing the greed control and contentment of profit.
H1 chart
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  • #3,413
  • Sep 9, 2020 5:19pm Sep 9, 2020 5:19pm
Hey guys... Water entered my phone, my apps not responding properly.
Will get back to us once its fixed by tomorrow.

Please, let's stay alive.
Learn... Work Hard... Trade Alone
  • #3,414
  • Sep 10, 2020 4:29am Sep 10, 2020 4:29am
Closed all yesterday buys manually in profit, since today took today's buy stop losses.
Now, am selling and expect to ride to take profit.

Once, sell stop loss or take profit is hit, no trade entries again for today until tomorrow's parameters.

I stay alive...
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  • #3,415
  • Sep 10, 2020 4:57am Sep 10, 2020 4:57am
Bullish intention still intact currently.
But, I want to see my sell stop loss or take profit hit through out today.
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  • #3,416
  • Sep 10, 2020 5:10am Sep 10, 2020 5:10am
All sell levels activated... Let's see if it will drop to take profit first or stop loss first.

I only have control over my money, not the market.
So, I Stay Alive.
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  • #3,417
  • Sep 10, 2020 5:24am Sep 10, 2020 5:24am
Good day to all.
Price has broken 1946.15 and H4 candle opened above it. Maybe price will retest 1946.15 to confirm it as a support or even 1941.15 which would be nice.
First target is at 1965.26/1973.08
Always expect unexpected.
  • #3,418
  • Sep 10, 2020 6:06am Sep 10, 2020 6:06am
Quoting BiteFX
All sell levels activated... Let's see if it will drop to take profit first or stop loss first. I only have control over my money, not the market. So, I Stay Alive. {image}
Done...Till tomorrow guys.
Learn... Work Hard... Trade Alone
  • #3,419
  • Sep 10, 2020 11:07am Sep 10, 2020 11:07am
m5 looks like it just broke down a flag might retest 1960, gall down to 1950.
  • #3,420
  • Sep 10, 2020 11:09am Sep 10, 2020 11:09am
sorry haven't been posting much gyys took a breather to analyze a bit better, no live trading for me this month, trying to practice using sls and tps and tweaking my parameters. examples of a few are below. just analyzing what I see and seeing where I would be later.
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