Uaxusd
Solid set up for a U-turn on GoldGold is currently sitting @ support levels on two different trend lines on the daily chart, as well as a down fib extension with a high % of trend reversal to the upside. If it bounces here I'll be looking for an entry on the re-test and confirmation.
Approaching make or break time for GoldI believe Gold will finally declare a direction in the coming days. If it holds the upward support and breaks out of the down channel, we could be headed for ATH's (as many have predicted) by late summer and into the fall. If not, I think it makes its way to 1760 until the next good buying opportunity.
UAXUSD IS TO DAMN HIGHPossible pullback and bounce to higher highs
Trail your stop loss and let it ride
6 Things That Separate The Pro From The Amateur Trader!! Ben SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
6 Elements of a Successful Trading Plan
1. Test
The test is considered as the start-up element of the successful trading plan. It refers to the
successfulness or failure of any currency involved. In most organisations, time is the primary
driver for assessing execution. The assessment period is constructed with respect to the quantity
of exchanges put and not by the measure of time passed. You should distinguish the correct
number of exchanges for the assessment, however, this number should be sufficiently high that
an individual has a nice example set, yet sufficiently low where it keeps you from going on a
damaging exchanging.
More elements will follow... Like, share, Comment and follow us to keep updated on our professional trading ideas and education :)
Follow your trading plan, remain disciplined and keep learning :)
Trading Journal Basics 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Journal Basics 101
During my trading career one of the most important elements of trading is keeping records of your trading performance. Whether its using an excel document or software such as the EDGEWONK TRADING JOURNAL, its crucial to see where you business has come from and where its going!! Below is a small detailed list of elements of a trading journal;
1. Date/time entered and exited trade
2. Asset traded
3. Long or short trade
4. Entry/ Stop loss and target price
5. Risk/Reward
6. Exit price. Did i exit at the target price? If not why?
7. Profit/Loss
9. Pips amount
10.Balance
11. Notes on trade ( both Pros and cons)
12. How can i improve next time?
13. Missed trades?
14. and many more....
Once again this is just a very basic list and there a lots more that can go into the journal.
Note: Edgewonk is by far the best trading journal software that i have ever used. I highly recommend it and if you would like to know more please let me know :)
Happy Trading
Short Gold - Maybe this time.Don't risk what you cant afford to lose. I am loaded so I can afford to lose a heap of Dosh.
Good Luck
A quick intra day call for the ladys in the backWassup
Not much to say
Wedging down
Will see 2620
More downside possible next week
A new low will send us into panic
its lit
its discount season out here
happy trading
darklord_
(Ballsack)
XAUUSD Nice SHORT!XAUUSD Possibly headed towards 1228.94 this coming week with resistance at 1258.66 then down towards support at 1236.49. If it breaks support @1236.49 it should head down to 1177.55, but if it doesn't, it should head back upwards to 1273.70 and beyond.
GoldPrice may reverse from trendline resistance.
Disclaimer: Its only my view and trend report.Trade at your own risk
