Gold Mining - Using Each Trading Day's Trend | Page 174 | Metals Mine

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Gold Mining - Using Each Trading Day's Trend

  • #3,461
  • Sep 21, 2020 3:40am Sep 21, 2020 3:40am
Quoting Skoljkica
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
1938.36 is reached. Let's see what market says, could that act as a support.
Always expect unexpected.
  • #3,462
  • Sep 21, 2020 4:35pm Sep 21, 2020 4:35pm
Tweaked Fibo levels for September 22, 2020.
Trade risk 40pips.
Trade reward 80pips.
A simple 1R=2R system.
Other levels are for those who have other systems but want to use my tweaked Fibo levels.

Trading with BiteFX tweaked Fibo, we make use of the first two red and first two blue levels. That's our 1R=2R trades.
Read the rules in the first post on page1 of this thread.

We Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: 20200921-222419.png Size: 130 KB
Learn... Work Hard... Trade Alone
  • #3,463
  • Sep 21, 2020 8:43pm Sep 21, 2020 8:43pm
hey bite and skol great job brothers! I been keeping an eye on you all posts, just been watching. just bought a laptop, have been using only a phone for trading so I'm trying to set everything up, using the computer is a bit weird since I started on the phone but we will see.

great job again bite this is what I like to see nicely executed moves that consistently hit to
  • #3,464
  • Sep 21, 2020 9:39pm Sep 21, 2020 9:39pm
Quoting BiteFX
Tweaked Fibo levels for September 22, 2020. Trade risk 40pips. Trade reward 80pips. A simple 1R=2R system. Other levels are for those who have other systems but want to use my tweaked Fibo levels. Trading with BiteFX tweaked Fibo, we make use of the first two red and first two blue levels. That's our 1R=2R trades. Read the rules in the first post on page1 of this thread. We Stay Alive {image}
Market chose sell limit, take profit reached...Sote
Today's trade done... We stay alive for tomorrow's parameters guys.
Learn... Work Hard... Trade Alone
  • #3,465
  • Sep 21, 2020 9:41pm Sep 21, 2020 9:41pm
Quoting rayoub
hey bite and skol great job brothers! I been keeping an eye on you all posts, just been watching. just bought a laptop, have been using only a phone for trading so I'm trying to set everything up, using the computer is a bit weird since I started on the phone but we will see. great job again bite this is what I like to see nicely executed moves that consistently hit to
Thanks brother!...nice move on your laptop man...welcome back to the mine.
Learn... Work Hard... Trade Alone
  • #3,466
  • Sep 22, 2020 2:28am Sep 22, 2020 2:28am
Good morning to all.
Nice trading Bite.

Price is currently below 1902.77 (support line) and on its way to 1896.22 (support/resistance line). If price can find support on 1896.22 and then on 1902.77 I will consider buying gold above 1902.77
But if 1896.22 can't hold I will sell down to 1829.34
Always expect unexpected.
  • #3,467
  • Sep 22, 2020 4:27am Sep 22, 2020 4:27am
Quoting Skoljkica
Good morning to all. Nice trading Bite. Price is currently below 1902.77 (support line) and on its way to 1896.22 (support/resistance line). If price can find support on 1896.22 and then on 1902.77 I will consider buying gold above 1902.77 But if 1896.22 can't hold I will sell down to 1829.34
Thanks man Skolj
Learn... Work Hard... Trade Alone
  • #3,468
  • Sep 22, 2020 4:49am Sep 22, 2020 4:49am
I am attaching a demo account trade explorer to this thread. Trades on it will start from tomorrow September 23, 2020. Something solid for you guys as always.

The account will run solely on the rules and exception of my Tweaked Fibo as explained in the first post on page1 of this thread.
------------------------------------------------------
-Copy trades are allowed.
-Investors, PM me.
-We Stay Alive
------------------------------------------------------
...BiteFX
Learn... Work Hard... Trade Alone
  • #3,469
  • Sep 22, 2020 4:56am Sep 22, 2020 4:56am
Quoting BiteFX
I am attaching a demo account trade explorer to this thread. Trades on it will start from tomorrow September 23, 2020. Something solid for you guys as always. The account will run solely on the rules and exception of my Tweaked Fibo as explained in the first post on page1 of this thread. ------------------------------------------------------ -Copy trades are allowed. -Investors, PM me. -We Stay Alive ------------------------------------------------------...
-Start Balance 3,000USD.
-Only one trade a day//5 trades a week//20 trades a month.
-Tweaked Fibo parameter sets the risk-reward of 1:2.
-Trades are based on probability distribution.
-Weekly trades statistics can be monitored by all and sundry via the trade explorer.
-We Stay Alive.
Learn... Work Hard... Trade Alone
  • #3,470
  • Sep 22, 2020 5:23am Sep 22, 2020 5:23am
Quoting Skoljkica
Good morning to all. Nice trading Bite. Price is currently below 1902.77 (support line) and on its way to 1896.22 (support/resistance line). If price can find support on 1896.22 and then on 1902.77 I will consider buying gold above 1902.77 But if 1896.22 can't hold I will sell down to 1829.34
H4 entered buy, no sell for now.
I'm expecting 1918.45 as first major resistance, but also 1922.46 could be reached.
Possible one more push down to 1902.77 to confirm support, but I'm not so sure about that. I'm watching PA
Always expect unexpected.
  • #3,471
  • Sep 22, 2020 5:26pm Sep 22, 2020 5:26pm
Trade Idea
Buy limit...1897.96, stop loss 1894.96, take profit 1905.04.
Buy stop...1900.12, stop loss 1894.96, take profit 1905.04.
*1900.12 might act as a strong resistance that thrusts price lower. Or a support that bounces price higher.
This is forex, anything is possible!

We Stay Alive
Learn... Work Hard... Trade Alone
  • #3,472
  • Sep 22, 2020 5:46pm Sep 22, 2020 5:46pm
Quoting BiteFX
Trade Idea Buy limit...1897.96, stop loss 1894.96, take profit 1905.04. Buy stop...1900.12, stop loss 1894.96, take profit 1905.04. *1900.12 might act as a strong resistance that thrusts price lower. Or a support that bounces price higher. This is forex, anything is possible! We Stay Alive
It should be noted that each trade is a product of probability distribution and is independent of every other trades you have taken before.
Hence, you don't get to choose the outcome, market does. This removes the emotional attachment from the outcome-either win or lose.
Since, you have a system in place, you win over all.

Stay Alive
Learn... Work Hard... Trade Alone
  • #3,473
  • Sep 22, 2020 9:14pm Sep 22, 2020 9:14pm
Quoting BiteFX
Trade Idea Buy limit...1897.96, stop loss 1894.96, take profit 1905.04. Buy stop...1900.12, stop loss 1894.96, take profit 1905.04. *1900.12 might act as a strong resistance that thrusts price lower. Or a support that bounces price higher. This is forex, anything is possible! We Stay Alive
Support function so far, assisting the bulls.
Learn... Work Hard... Trade Alone
  • #3,474
  • Sep 22, 2020 10:55pm Sep 22, 2020 10:55pm
Quoting BiteFX
Trade Idea Buy limit...1897.96, stop loss 1894.96, take profit 1905.04. Buy stop...1900.12, stop loss 1894.96, take profit 1905.04. *1900.12 might act as a strong resistance that thrusts price lower. Or a support that bounces price higher. This is forex, anything is possible! We Stay Alive
Stop loss hit, that's that about today's trade.
We await tomorrow's parameters.
Learn... Work Hard... Trade Alone
  • #3,475
  • Sep 22, 2020 10:59pm Sep 22, 2020 10:59pm
A word on probability distribution...The very first trades might come out as the winners or the losers. But, the system guarantees overall winning performance.
The key is in the money management.
Learn... Work Hard... Trade Alone
  • #3,476
  • Edited 3:48am Sep 23, 2020 3:23am | Edited 3:48am
Good morning to all.
I'm shorting gold today.
1880.82 acted as a resistance, possible push up to 1890.09 again but I 'm not so sure about it.
So sell at 1880.82/1877.42 down to 1870.98 as a first support line (price could go up to 1877.42 again). Again sell from there down to 1861.74
Note: 1829.34 could also be hit today.
Always expect unexpected.
  • #3,477
  • Sep 23, 2020 4:56am Sep 23, 2020 4:56am
Quoting Skoljkica
Good morning to all. I'm shorting gold today. 1880.82 acted as a resistance, possible push up to 1890.09 again but I 'm not so sure about it. So sell at 1880.82/1877.42 down to 1870.98 as a first support line (price could go up to 1877.42 again). Again sell from there down to 1861.74 Note: 1829.34 could also be hit today.
Well done Skolj
Learn... Work Hard... Trade Alone
  • #3,478
  • Sep 23, 2020 5:54am Sep 23, 2020 5:54am
Quoting Skoljkica
Good morning to all. I'm shorting gold today. 1880.82 acted as a resistance, possible push up to 1890.09 again but I 'm not so sure about it. So sell at 1880.82/1877.42 down to 1870.98 as a first support line (price could go up to 1877.42 again). Again sell from there down to 1861.74 Note: 1829.34 could also be hit today.
1890.09 is broken, next target 1896.72 for short position. If that acts as a support, then bulls could dominate the market.
Always expect unexpected.
  • #3,479
  • Sep 23, 2020 4:45pm Sep 23, 2020 4:45pm
Trade Idea-Advanced Tweaked Fibo
Risk 40pips
Reward 94.4pips
Money management: 1%-3% of Equity.
Sell limit 1865.72...stop loss 1869.72...take profit 1856.28
Buy limit 1856.28...stop loss 1852.28...take profit 1865.72

Stay Alive
Attached Image (click to enlarge)
Click to Enlarge Name: InShot_20200923_223648706.jpg Size: 1.2 MB
Learn... Work Hard... Trade Alone
  • #3,480
  • Sep 23, 2020 5:02pm Sep 23, 2020 5:02pm
Quoting BiteFX
Trade Idea-Advanced Tweaked Fibo Risk 40pips Reward 94.4pips Money management: 1%-3% of Equity. Sell limit 1865.72...stop loss 1869.72...take profit 1856.28 Buy limit 1856.28...stop loss 1852.28...take profit 1865.72 Stay Alive {image}
The Advanced Tweaked Fibo has been improved upon to accommodate ''no trade'' days. i.e days that the system will not take trades. Also, 1risk to 2.36reward per trade.
Check first post on page 1of this thread for the probability distribution of the Advanced Tweaked Fibo.

We Stay Alive...
Learn... Work Hard... Trade Alone
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