instead of calling Gold analysis, I would use the term of trading plan or trading journal to record my trades.
So please note: This is a personal journal only, but NOT a trading suggestion. Please control your own risk if you want to follow, we may have different risk preference and position management strategy.
Date: 2020/09/18
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
If you read my analysis, you know I have been talking about short since last week. Now the gold finnaly breaks the bottom trendline and confirm a weaknees of bullish.
A rebounce to retest 1927 will be another chance to short again.
Gold drops below 1905-1910 will confirm the start of big wave C. A big drop around 1865 will be my first target if gold drops below the support area.
So here's my plan:
Sell from 1925-1930 , TP 1910
sell stop 1905, TP 1865
No buy at this moment, if gold price has rebounce signal at 1910, I may enter long again.
So please note: This is a personal journal only, but NOT a trading suggestion. Please control your own risk if you want to follow, we may have different risk preference and position management strategy.
Date: 2020/09/18
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
If you read my analysis, you know I have been talking about short since last week. Now the gold finnaly breaks the bottom trendline and confirm a weaknees of bullish.
A rebounce to retest 1927 will be another chance to short again.
Gold drops below 1905-1910 will confirm the start of big wave C. A big drop around 1865 will be my first target if gold drops below the support area.
So here's my plan:
Sell from 1925-1930 , TP 1910
sell stop 1905, TP 1865
No buy at this moment, if gold price has rebounce signal at 1910, I may enter long again.
Trade closed: target reached
close sell stop now. I will re-enter at 1905
Trade active
short again at 1905 nowTrade active
short added at 1908 nowTrade active
1 more short at 1910
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.