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: 2020/11/30
Wave C is coming late as my expectation but it's coming..
Check my analysis from 1 month ago in the related ideas
No plan, No trading
------------------
Entry reason:
Based on Elliot wave , Gold is in the final wave 5. Maybe an extended wave-5 could happen, but right now there's no reason to short any more at this price.
wave-1: 1895 - 1852
wave-2: 1852 - 1879
wave-3: 1879 - 1801
wave-4: 1801 - 1819
wave-5: 1819- 1750~1770
Wait a reversal signal at H4 period. Another rebounce to 1820 area is easy to reach.
So here's my plan:
Long
buy from 1750-1765, SL 1740, TP 1820
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: 2020/11/30
Wave C is coming late as my expectation but it's coming..
Check my analysis from 1 month ago in the related ideas
No plan, No trading
------------------
Entry reason:
Based on Elliot wave , Gold is in the final wave 5. Maybe an extended wave-5 could happen, but right now there's no reason to short any more at this price.
wave-1: 1895 - 1852
wave-2: 1852 - 1879
wave-3: 1879 - 1801
wave-4: 1801 - 1819
wave-5: 1819- 1750~1770
Wait a reversal signal at H4 period. Another rebounce to 1820 area is easy to reach.
So here's my plan:
Long
buy from 1750-1765, SL 1740, TP 1820
Trade active
I have small long in at 1768 ow
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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.