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: 2020/06/10
No plan, No trading
Entry reason:
Gold breaks the previous bearish trendline and now might be fluctuating in the big range 1670 - 1720. I think the price is still in the big descending parralle channel and touch top channel.
A breakout to 1722 will be the trend changing point for bullish.
Key resistence level: 1721 1729
Key support: 1688 1670
I will just do swing trade either buy or sell whenever the price is near the edge.
A reverse on 1688 could form a potential Header & Should pattern. So I will close 50% of profit in this area.
So here's my plan:
Short at 1720, SL 1725, TP 1690
Confidence level: 55%
=======================Lesson learned from previous trades (SL) =============
1. Even I'm confident about the major trend, I should wait for the reverse signal before adding more positions.
2. When the price break the trendline (1694), I should pay attention and exit the trade first before SL hit.
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: 2020/06/10
No plan, No trading
Entry reason:
Gold breaks the previous bearish trendline and now might be fluctuating in the big range 1670 - 1720. I think the price is still in the big descending parralle channel and touch top channel.
A breakout to 1722 will be the trend changing point for bullish.
Key resistence level: 1721 1729
Key support: 1688 1670
I will just do swing trade either buy or sell whenever the price is near the edge.
A reverse on 1688 could form a potential Header & Should pattern. So I will close 50% of profit in this area.
So here's my plan:
Short at 1720, SL 1725, TP 1690
Confidence level: 55%
=======================Lesson learned from previous trades (SL) =============
1. Even I'm confident about the major trend, I should wait for the reverse signal before adding more positions.
2. When the price break the trendline (1694), I should pay attention and exit the trade first before SL hit.
Dagangan aktif
Short in now.Dagangan ditutup: hentian tercapai
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.