Gold 08019 Trading Plan - addition
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: 2020/08/19
No plan, No trading
Entry reason:
Gold was super violate yesterday from 2015 to 1976, down and up barely in 2 hours.
It makes the pattern into a hesitating stage that 2 assumptions are available:
No.1:
Gold is in an A-B-C correction wave and it already finish the a-b-c of wave B. Next wave C will be super straight forward and if ti's confirmed , 1800+ price range is hightly expected
No.2
Gold is in a 5-wave pattern and yesterday drop is wave-4. Then a new high 2020+ is expected.
There's no way to predict direction and I think the market will just ranging before FMOC news.
From the chart, I can see Gold has broken the TL, the support line is 1980
So here's my plan:
Sell stop at 1980, TP 1960 area
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: 2020/08/19
No plan, No trading
Entry reason:
Gold was super violate yesterday from 2015 to 1976, down and up barely in 2 hours.
It makes the pattern into a hesitating stage that 2 assumptions are available:
No.1:
Gold is in an A-B-C correction wave and it already finish the a-b-c of wave B. Next wave C will be super straight forward and if ti's confirmed , 1800+ price range is hightly expected
No.2
Gold is in a 5-wave pattern and yesterday drop is wave-4. Then a new high 2020+ is expected.
There's no way to predict direction and I think the market will just ranging before FMOC news.
From the chart, I can see Gold has broken the TL, the support line is 1980
So here's my plan:
Sell stop at 1980, TP 1960 area
İşlem aktif
I'M IN SHORTİşlem kapandı: hedefe ulaştı
really nice profit take at 1963. I will short again when 1975+
İşlem aktif
I'm in SHORT AGAIN at 1971İşlem kapandı: hedefe ulaştı
I'm closed my 1971 short at 1940 now!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.