[XAUUSD] Feb 24, 2020 - ALuoTradingJournalAfter the 1595 resistance breakout, gold boost up in a bullish trend.
Currently there is no signals for any Short positions.
To trade a short, I would look at, atleast a bearish candlestick formed on the weekly chart. Then the week after I will start try for the short position.
Otherwise, for the current case, it's an endless long position.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
Aluotradingjournal
[AUDUSD] Feb 10, 2020 - ALuoTradingJournalBeen a while again guys,
It has been a tough month to begin with, having to fight against the AUDUSD last week to seek for the best support level, and the NFP gave quite a tough decision making for me last week. As my plan for AUDUSD were, anything that does not surpass 0.66666, it will be a long position until 0.67700 for short term, and approx. 0.700 for the long term.
The NFP gave a big pull with the bearish trend. However, it was not strong enough to break the actual support level. Instead, this Monday morning, as Asian market opens, it went on a bullish trend making the candle stick a much better signal that will go in long position.
My idea AUDUSD will still be kept as the same,
Approx. SL 0.6666
Approx. TP 0.67700 or 0.700 for the dream destination.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[GOLD] Jan 31, 2020 - ALuoTradingJournalGold made its way down to 1573 and a weakening signal has appeared for the next retracement
Long term trend with gold still does not change if it does not breakout 1590~1592.
The next retracement i am looking at for todays current case, is at 1584, still aiming for the same, near 1568~1569 for short term.
Lets hope this market price action gives me a good lunch for the day :)
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[USDCAD] Jan 17, 2020 - ALuoTradingJournalThis idea was first given on the 15th of Jan, 2020 on WeChat VIP Group as a journal record.
Currently I am making a future prediction on how USDCAD will go, and what I am planning to do with my trade.
I will await for the signal to create a support level at its entry point near 1.29600 before a long position will be placed.
My stop loss would be approx. 1.29150 (This will depend how the signal goes at that time, it may vary)
The ideal take profit would be 1.316000 resistance level.
Lets wait and see what the signal gives when the trend gets near 1.29600 ish.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[XAGUSD] Jan 23, 2020 - ALuoTradingJournalHi All,
Its Luo here ! looks like im not a good blogger at all.
XAGUSD was mentioned in the other chat and kept as a journal on WeChat Diamond Group on the 13th of Jan, 2020 with record.
The Idea for XAGUSD are:
Short
Pending order : 18.15
SL : 19.00
TP : 17.30
This was analysed on the 13th, before the first trend that actually hit 18.15, and then after that, the trend tries to break the 18.15. Until now, the price is at 17.689 when I wrote this journal.
We may need to wait for the 4th signal that actually goes back to 18.15 resistance for those that has not yet entered in the position for a try.
I will still go in as well myself, as the trend is testing its resistance to see if it breaks through.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[GOLD] Jan 30, 2020 - ALuoTradingJournalHi All,
I have got comments saying making a new post with my ideas on trades will be easier than me writing comments on my previous posts.
Just a update on the current gold situation.
Gold finally popped up to the last stage of its resistance level, and went up to its highest around 1588 (lucky it did not break 1590), and I started to give it a go to make a short position at 1583, I woke up at around 3 or 4, was very blur with my mind and saw that oh wow cool $10 on gold ! im happy enough, and closed the trade. Until, morning it went down to 1565 at its lowest. I did not regret, Im happy enough.
After that, I saw there is a signal there might be a chance to retrace again to test its second resistance at 1581. It grind its way up to 1581 quite quickly, and I made my short position again at my near expected resistance 1581 before I left work.
I would still aim 1568~1569 as my short to medium term trade, and if everything goes nice and drop like a peanut from there. I will look for 1525 at my dream aim for the moment.
If the worst 1590~1592 will still be the final destination for all short positions, if it breakout totally, there is chance i will change direction in trading. Unless its a breakout. We will see.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[AUDNZD] Jan 17, 2020 - ALuoTradingJournalThe ideas for AUDNZD was first published on WeChat VIP group on the 20th of December 2019 with chat record. Unfortunately I was not able to post it on tradingview due to too tired from work at that time.
However, the entry point at that time when the price was still up at 1.0490 to 1.0500. I have predicted 1.0400 as the entry point.
I then re-adjusted the entry price to 1.03450 with the already triggered position 1.0400 position held up high, the bearish trend came in a very fast paste and triggered my long position pending order at 1.03450
I was on a floating loss of approximately 20 pips with my new entry point.
I believed if it does not totally break my 1.0300 Stop loss. The trend will continue to follow my prediction and aim to 1.05500 as the first take profit, and if no resistance signal build up around there. I believe there is a chance of getting to my ideal Take profit 1.06350. ( I would say I aim for 1.05500 and see how it goes when it gets there.)
My triggered 1.03450 was closed at 1.04320, as I saw there is a bearish retracement at that time, and I re-predict that the next retracement the trend will go to at around 1.03950 support level.
The price went down to 1.039530, it did not hit my pending order by 3 points. However, I have manually gone into this position, and the current price as seen at 1:07AM Sydney time is 1.04019.
Lets pray for me AUDNZD will go as i analyse.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[GOLD] Jan 15, 2020 - ALuoTradingJournalRecently gold made a new high.
We are currently waiting for a bearish bar in the weekly chart to appear before we can take the action to short it from high.
However, if any price action reaches the price, we can try out some short positions, depending whether you are trading short, medium or long term position.
Short term trade 1544 Short, $4-$5 gold, which means an aim at 1540 or 1539 for tp, depending on where the support level is.
Medium term trade 1569 resistance level, the aim for medium will be the same as long term which is 1525.
Long term trade, any price that goes above 1580 and a resistance occurs, we can give it a shot to trade short.
If price goes over 1590, we will identically believe that this trade has failed. 1590 will be the final destination for short position trade.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[GOLD] July 18, 2019 - ALuoTradingJournalMy gold point of view for July 11th 2019 does not change.
Since July 11, 2019, It has gone down two times to the expected support at 1400 and pop back up to a speculated spot at around 1418 ~ 1423 and got resisted from there.
Right now, from the opening of the US market, a spike up of gold went all the way from 1403 ish to current 1423 touched once, now wobbling around 1421 ~ 1423, currently waiting for it to pass 1420 downward trend for my current trade to be safe with the TP of roughly around 1400, I will take it anywhere near 1400, unless an obvious signal came out beforehand.
1427~1430 will still be my range for the stop loss for this order, and after that I will wait for the 1435 again for it to get resisted and ill do a short again from there with stop loss of 1440.
My view with gold is still the same, anything pass 1440, for its retracement, I will consider to trade long instead of short, unless the candle stick did not pass its previous candle stick by far.
With a brave and aggressive thought of the current gold, I will still aim for near 1360 for it to reach its support and then I will consider trade long from there.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[EURUSD] July 12, 2019 - ALuoTradingJournalHavent got a chance to write about what has happened with EURUSD that I have already done and with later on what I think about how the trend will go.
I have been trading EURUSD at the same time with all the others together.
For EURUSD, I was trading more towards the blue section I have highlighted before the USD index went crazy upwards with the FOMC.
I was none stopping trading long position over there during that time. Quite happy time :)
The recent one with EURUSD I have traded was at 1.12106 and 1.12233, two long positions and both closed trade at 1.2560, but my Take profit I have actually set was 1.13250. Stop loss for the short term one with this one was 1.1190.
Long term stop loss that I would use would be 1.10900, anything breaks that. I will not go for a long position. Otherwise, I just wait for my chance for EURUSD to come down and wait for the few support levels and to try it out. 1.1145 was one of the lowest I got back then. But as far from it seems like with the USD Index, 1.1160 support level is a higher chance for it to weaken there instead.
I am looking for it to go to 1.12100 roughly around there before ill consider a long position. If there is no strong signals weakens over there, then i will consider approx 1.1160 as the other support level I may consider to make a long position.
With my analyse comparing with the USD Index, as far I can see here that the USD Index has a strong weakening signal and may follow my yesterdays analyse with USD Index. ( I have linked it in my journal, feel free to have a look at that journal too.)
If anyone has any questions or thoughts, feel free to leave a comment. Its always good to have chat to different traders :)
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[Gold] July 11, 2019 - ALuoTradingJournalThe gold was successfully weakened with its first resistance level near 1423 as analysed in the last journal.
A upward trend went up to the price near 1423, and from what we can see in H4, we can see that the signal is hinting that 1427 was its high for today.
This means that, if doing a short term position if it does not surpass the its current high. I will make stop loss at 1429 or 1430 with a tiny space, incase of a sudden spike pops up and go downward trend straight afterwards, but the final destination for short position will still be as 1440. Anything passes that, all short positions must stop from my point of view. For the moment, I will aim for the 1400 as my Take Profit.
In long term, if price doesnt break 1440, I will aim 1360 as the first long term aim. During time will be getting those retracements.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[Dow Jones DJI] July 11, 2019 - ALuoTradingJournalEarlier back in May 16th, 2019. I made an analyse of dow jones.
The analyse was, during that time the price was around in the 25758 (Recorded with picture on another app in different language), and the last resistance seem to be roughly around 27150 for short position and making a short position anywhere near 26580. Aiming to go for 25570 as the first aim, and 25300 as the final destination aim.
Speaking infront, this is only if it does not break the resistance level I have set for myself, of 27150. Elsewise, I will close my trades with short position with dowjones
I have also put an order on the TradingView demo to test it out at current price, with the same aim of Stop loss and Take profit, and will see how it goes.
I just reailsed TradingView uses "Units" as the quantity size, and I may set a bit too small for my gold analysis. But oh well. Will see how the result goes, that is more important and see the success rate.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
[USD Index] June 11, 2019 - ALuoTradingJournalThis is the second post I have ever posted on TradingView.
I will make this shorter version of the second one and talk more of the future instead of what I have already analysed and happened in the past. I will use the features of TradingView to test out my accuracy.
For USD index, I usually use it for reference in knowing what I could do with trading major currency pairs.
As for many months, the price on TradingView may a bit different to the platform I am using, though, I have redrawn the resistance level as for shown on the current TradingView graph.
With the support of the signals given by the k line, I have found one of the resistance at 98.00 on the graph, this resistance level I have chosen, represents that if the trend goes to approx. 98.00 and can see of a weakening sign signal near there. I believe that the result will be the USD index will get weaken over there and go back down again to test the bottom.
Another line I have drawn on the graph 98.55, represents the resistance level, if the trend goes pass this spot. No matter if the direction goes in favour of me or not. I will not continue to trade in favour of the USD going weaker. Instead I will turn my mind, and double check on the major currency pairs with the K Line signals to see an opportunity of an entry position with a long position if it surpass 98.55. If not, then I will continuing analyse each short trades or long trades.
As a long trend, I believe that with the price on TradingView, if it does not break the resistance level at 98.55, a long term downward trend will occur in the year of 2020~2021
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.