Gold Mining - Using Each Trading Day's Trend | Page 173 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #3,441
  • Sep 15, 2020 9:05pm Sep 15, 2020 9:05pm
Quoting BiteFX
{quote} Alright, Market chose Buy limit. Take profit reached. 60 pips grabbed! Sote
We Stay Alive till tomorrow's parameters again miners.
Again...No greed, No Fear!
Learn... Work Hard... Trade Alone
  • #3,442
  • Sep 15, 2020 9:13pm Sep 15, 2020 9:13pm
Just to say... BiteFX Tweaked Fibo...
When the profit gets closer to the opposite pending order, you cancel it since the market has chosen the other one.

Stay Alive
Attached Image (click to enlarge)
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Learn... Work Hard... Trade Alone
  • #3,443
  • Sep 16, 2020 3:04am Sep 16, 2020 3:04am
Good morning to all.

Gold is still bullish. I'm targeting 1982.58 today.
Possible pullback from 1964.80 down to 1956.14, which would be great entry for long. If not, I'm buying above 1966.00 (today's high price).
First resistance is at 1976.56 from where price could fall down to 1969.14 to confirm it as a support and up again to 1982.58.
Attached Image
Always expect unexpected.
  • #3,444
  • Edited 4:59pm Sep 16, 2020 4:34pm | Edited 4:59pm
Trade Idea as on the Chart.
Limit orders.
Stop losses.
Take profits set... Then watch the market make a choice.
Anything is possible, this is forex!
There is one little hick-up we might be having today...1956.50, a weekly sell level/buy tp.

120 pips up for grabs!

We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: 20200916-222746.png Size: 87 KB
Learn... Work Hard... Trade Alone
  • #3,445
  • Sep 16, 2020 8:54pm Sep 16, 2020 8:54pm
Quoting BiteFX
Trade Idea as on the Chart. Limit orders. Stop losses. Take profits set... Then watch the market make a choice. Anything is possible, this is forex! There is one little hick-up we might be having today...1956.50, a weekly sell level/buy tp. 120 pips up for grabs! We Stay Alive {image}
Market activated Buy limit, just now.
What about stop loss or take profit? Let's see what it does.
Anywhere is goes, that's about that for today's trade.
I Stay Alive.
Learn... Work Hard... Trade Alone
  • #3,446
  • Sep 16, 2020 9:12pm Sep 16, 2020 9:12pm
Quoting BiteFX
Trade Idea as on the Chart. Limit orders. Stop losses. Take profits set... Then watch the market make a choice. Anything is possible, this is forex! There is one little hick-up we might be having today...1956.50, a weekly sell level/buy tp. 120 pips up for grabs! We Stay Alive {image}
It was a hick-up indeed. Acted as a resistance. Thrust price down to stop loss.
Monday - Thursday, 3 winners - 1 Loser, Friday to go.
Am still very much alive in the business.
Till tomorrow's parameters.

Stay Alive guys.
Learn... Work Hard... Trade Alone
  • #3,447
  • Sep 17, 2020 4:25pm Sep 17, 2020 4:25pm
Trade Idea as on the Chart.
Limit orders.
Stop losses.
Take profits, all set.
Then, let the market make a choice.

100 pips up for grabs

We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: 20200917-221958.png Size: 83 KB
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  • #3,448
  • Sep 17, 2020 4:28pm Sep 17, 2020 4:28pm
By Saturday, I will post everything you guys need to know about my Tweaked Fibo.

*The probability distribution.
* The money management.
* The emotional management.
* The tweak.
Stay Alive gold miners
Learn... Work Hard... Trade Alone
  • #3,449
  • Sep 17, 2020 8:49pm Sep 17, 2020 8:49pm
Quoting BiteFX
Trade Idea as on the Chart. Limit orders. Stop losses. Take profits, all set. Then, let the market make a choice. 100 pips up for grabs We Stay Alive {image}
Ouk... Market chose Sell limit order, buy limit cancelled...What about it's movement to SL/TP? Watch and see.
Since, you have controlled your money, let the market control itself.
We Stay alive...
Learn... Work Hard... Trade Alone
  • #3,450
  • Sep 17, 2020 11:07pm Sep 17, 2020 11:07pm
Quoting BiteFX
By Saturday, I will post everything you guys need to know about my Tweaked Fibo. *The probability distribution. * The money management. * The emotional management. * The tweak. Stay Alive gold miners
Looking forward, hope you've been well brother
  • #3,451
  • Sep 18, 2020 5:42am Sep 18, 2020 5:42am
Good day to all.

I'm buying gold at 1954.33, but I'm aware it could go down to 1952.43
Possible retest of 1943.79, but I expect that to be done after 1976.56 (which is my TP) is hit.
Let's see what market says.
R:R=1:9
Always expect unexpected.
  • #3,452
  • Sep 18, 2020 10:27am Sep 18, 2020 10:27am
Quoting Skoljkica
Good day to all. I'm buying gold at 1954.33, but I'm aware it could go down to 1952.43 Possible retest of 1943.79, but I expect that to be done after 1976.56 (which is my TP) is hit. Let's see what market says. R:R=1:9
Same boat here, 56 is putting on a good fight
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  • #3,453
  • Sep 18, 2020 11:54am Sep 18, 2020 11:54am
Alright, based on the probability distribution of this system...
Five trades, 3 wins, and two losses.
Wins 2R, losses 1R.
Account still in profitable shape.

This week falls under C as I will share tomorrow.

Have a great weekend guys....and
Stay Alive...
Learn... Work Hard... Trade Alone
  • #3,454
  • Sep 19, 2020 2:14am Sep 19, 2020 2:14am
Alright,
It is very important that a trader learns to accept the probabilistic nature of the market, and not try to control it nor enforce his will on the market. As that cannot be achieved by any single trader in the market.
It must also be understood that every single trader is powerful enough to cause a ripple in the market, but not change it's course.
These are proven market theories.

Based on this time tested and proven theories, I have attached to the first post on the first page, all you need to know about my Tweaked Fibo.

As always...We Stay Alive
Learn... Work Hard... Trade Alone
  • #3,455
  • Sep 20, 2020 3:47pm Sep 20, 2020 3:47pm
Trade Idea as on the Chart.
That's the start balance for this week.
Strictly Tweaked Fibo rules.
Let's see which scenerio we'll end up in this week.

Happy New Week folks, and a great trading experiences ahead for all of us.

Let's Stay Alive
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  • #3,456
  • Sep 20, 2020 5:36pm Sep 20, 2020 5:36pm
Market opened with a gap down outside the Fibo... It's an exception to the rule.
So, buying to fill up the gap will be based on a matter of guts.
Learn... Work Hard... Trade Alone
  • #3,457
  • Sep 20, 2020 6:43pm Sep 20, 2020 6:43pm
Noted
Am rightly aware that some of us here have our strategies but visit this thread just to get the extended levels of my tweaked Fibo.
So, here you go.
Just price, no stories from my end at all.
Enjoy...and Stay Alive
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  • #3,458
  • Sep 20, 2020 7:17pm Sep 20, 2020 7:17pm
Because of the nature of today's market opening, my take profit will be 1952.50... Then am done for today.
This is forex...anything is possible!
Learn... Work Hard... Trade Alone
  • #3,459
  • Sep 20, 2020 8:05pm Sep 20, 2020 8:05pm
Quoting BiteFX
Because of the nature of today's market opening, my take profit will be 1952.50... Then am done for today. This is forex...anything is possible!
Alright, my take profit reached...Sote

Done trading today...We await tomorrow's parameters guys.
I Stay Alive.
Learn... Work Hard... Trade Alone
  • #3,460
  • Sep 21, 2020 3:08am Sep 21, 2020 3:08am
Good morning to all.

I'm looking to go long at 1941.15/1938.36 if price finds support there.
First resistance line (also TP) is at 1964.09
Second resistance line (TP) I'm expecting is at 1984.02
If price can't hold 1938.36 it could go down to 1924.90
Always expect unexpected.
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