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: 2020/11/18=9
No plan, No trading
I hit the SL in yesterday trade but it didn't change my trading direction. I would still go long for now but just for a better entry point
Intra-day trend: Bullish
------------------
Entry reason:
Gold touches 1865 but make a quick rebounce to 1884 now back to 1875 area.
It's making a potential H&S pattern so I would plan to still go long direction till 1900 this week.
So here's my plan:
key resistence: 1885 1898 1907
Key support: 1875
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1870-1876. SL 1867 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: 2020/11/18=9
No plan, No trading
I hit the SL in yesterday trade but it didn't change my trading direction. I would still go long for now but just for a better entry point
Intra-day trend: Bullish
------------------
Entry reason:
Gold touches 1865 but make a quick rebounce to 1884 now back to 1875 area.
It's making a potential H&S pattern so I would plan to still go long direction till 1900 this week.
So here's my plan:
key resistence: 1885 1898 1907
Key support: 1875
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1870-1876. SL 1867 TP 1895
Trade active
Long in at 1875
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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.