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: 2020/11/11
No plan, No trading
Gold is still accumulating power for the next drop.
Intra-day trend: Netural
------------------
Entry reason:
Gold is ranging within price 1871 and 1884 today. From the previous rebounce, I can see gold make a quick wave-a or (1) for the correction wave.
Today it seems just doing a-b-c-d-e consolidation wave and if my assumption were correct, the next leg will be the wave-c or (3) UP till 1893 area.
So here's my plan:
Key support : 1868
key resistence: 1893, 1907
Short:
Sell from 1895 - 1907. TP 1850 . SL 1868
Sell stop , 1867, TP 1850
Long:
buy from 1870 - 1875. SL 1867, TP 1884, 1894.
buy stop 1885 , tp 1895
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: 2020/11/11
No plan, No trading
Gold is still accumulating power for the next drop.
Intra-day trend: Netural
------------------
Entry reason:
Gold is ranging within price 1871 and 1884 today. From the previous rebounce, I can see gold make a quick wave-a or (1) for the correction wave.
Today it seems just doing a-b-c-d-e consolidation wave and if my assumption were correct, the next leg will be the wave-c or (3) UP till 1893 area.
So here's my plan:
Key support : 1868
key resistence: 1893, 1907
Short:
Sell from 1895 - 1907. TP 1850 . SL 1868
Sell stop , 1867, TP 1850
Long:
buy from 1870 - 1875. SL 1867, TP 1884, 1894.
buy stop 1885 , tp 1895
Trade active
long in at 1870 now as plannedTrade closed: stop reached
I hit at my SLNote
no trade yet, plan to buy around 1850Trade active
I'm in long now at 1860Trade closed: target reached
Long close at 1893 now
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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.