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: 2020/11/19
No plan, No trading
I hit SL 3 times in a row, I should defintely be more patient before placing a trade.
Intra-day trend: Unknwo
------------------
Entry reason:
Gold is now near the very key support area 1855-1860. It bounces back to 1880+ twice times from this point and we can somehow trust this support line for the last time.
In the day trade trend, the gold is too bearish to place a buy at this point. I think I can wait for at least a reversal signal here to be safe trade.
So here's my plan:
Buy at 1858 now and buy stop at 1865.
SL 1852, tp 1885
it's a risky trade but wth good R/R ratio
Short:
Sell from 1898 - 1907 , , TP 1850 area , SL 1910
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: 2020/11/19
No plan, No trading
I hit SL 3 times in a row, I should defintely be more patient before placing a trade.
Intra-day trend: Unknwo
------------------
Entry reason:
Gold is now near the very key support area 1855-1860. It bounces back to 1880+ twice times from this point and we can somehow trust this support line for the last time.
In the day trade trend, the gold is too bearish to place a buy at this point. I think I can wait for at least a reversal signal here to be safe trade.
So here's my plan:
Buy at 1858 now and buy stop at 1865.
SL 1852, tp 1885
it's a risky trade but wth good R/R ratio
Short:
Sell from 1898 - 1907 , , TP 1850 area , SL 1910
Trade active
2 long position now:1858
1862
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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.