Gold 1005 Trading Plan
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: 2020/10/ 01
No plan, No trading
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Entry reason:
I think Gold may just be ranging for a few days until Friday. There's not much news these days to bring violation to the market. Up and down might be the main tone at least till Wednesday.
Gold made a breakout to a lower low 1886 this morning, which breaks the previous support 1890. Now it start a rebounce to the current price 1906.
In my opinion, Gold may test the previous resistence 1910 - 1915 again and if rejected, it will confirm the downside trend. And the current rebounce may be the wave-b of the previous rise.
Another drop to lower low is expected as long as the gold not break to the upper side 1915.
So here's my plan:
Short from 1906 - 1915 , TP 1886, SL 1918
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: 2020/10/ 01
No plan, No trading
------------------
Entry reason:
I think Gold may just be ranging for a few days until Friday. There's not much news these days to bring violation to the market. Up and down might be the main tone at least till Wednesday.
Gold made a breakout to a lower low 1886 this morning, which breaks the previous support 1890. Now it start a rebounce to the current price 1906.
In my opinion, Gold may test the previous resistence 1910 - 1915 again and if rejected, it will confirm the downside trend. And the current rebounce may be the wave-b of the previous rise.
Another drop to lower low is expected as long as the gold not break to the upper side 1915.
So here's my plan:
Short from 1906 - 1915 , TP 1886, SL 1918
Trade active
short opened at 1907Trade closed: stop reached
stop reachedNote
I'm going to wait the next H2 candle stick turns into bearish and short again
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