Gold 0817 Trading Plan
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: 2020/08/17
No plan, No trading
Entry reason:
From the big picture, I'm still thinking Gold is in the move of wave 4 or B, which is a high fluctuant market and that bulls or bearish are not clear in short time, but it will finally test the lower support in later stage.
Gold dropped to 1930 and then quickly rebounce to 1942 area now. This rebounce is quick and strong but you can see it broke the short term TL. It might be the start of the final wave 5, however, I'm not very sure because it's not confirmed.
The key support line is: 1930, 1910 1900, 1865
The key resistence line is: 1950, 1960
Personally I'm more bias on short. The break down to 1930 will trigger another strong drop to 1910 area.
However, there's also a possibility that gold is going up
So here's my plan:
Sell at 1940, SL 1945 TP 1930
sell stop, 1928, SL 1935, TP 1910
sell stop 1898, SL 1905, TP 1870
Gold may start rebounce at any of these support but the Risk and reward ratio is quite good, so I will give it a try.
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: 2020/08/17
No plan, No trading
Entry reason:
From the big picture, I'm still thinking Gold is in the move of wave 4 or B, which is a high fluctuant market and that bulls or bearish are not clear in short time, but it will finally test the lower support in later stage.
Gold dropped to 1930 and then quickly rebounce to 1942 area now. This rebounce is quick and strong but you can see it broke the short term TL. It might be the start of the final wave 5, however, I'm not very sure because it's not confirmed.
The key support line is: 1930, 1910 1900, 1865
The key resistence line is: 1950, 1960
Personally I'm more bias on short. The break down to 1930 will trigger another strong drop to 1910 area.
However, there's also a possibility that gold is going up
So here's my plan:
Sell at 1940, SL 1945 TP 1930
sell stop, 1928, SL 1935, TP 1910
sell stop 1898, SL 1905, TP 1870
Gold may start rebounce at any of these support but the Risk and reward ratio is quite good, so I will give it a try.
Zlecenie aktywne
I opened my short at 1945Transakcja zakończona: osiągnięto poziom stop
I am out of my 1945 short. but will still try to find another higi point to shortZlecenie aktywne
I'm in short at 1948Uwaga
add another short at 1950Uwaga
Add short add 1956 now. Maybe more short at 1960 and all SL at 1965.Uwaga
I add my last short at 1961Transakcja zakończona: osiągnięto poziom stop
I'm out due to hit the SL. Wait for another opportunity now
Zlecenie aktywne
I'm in short at 1977 now . 61.8% Fib of wave 3Zlecenie aktywne
I'm short in 1985 AGAIN!
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.