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: 2020/11/24
Many people suffered a big loss on the capital on yesterday's drop, so did I, while a big group of people laugh and left with a big profit.
I should notice the start of the wave buy my eyes were blinded.
No plan, No trading
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Entry reason:
Gold made an unpredictable drop to 1831 yesterday and so far the bearish power takes a rest to determine next direction.
From the chart, I saw a quite typical falling wedge pattern in the chart, which indicates that the reversal could probably happen.
There's a divergence potential may appear in the MACD (only confirm on a reversal signal appears) and RSI is in the oversold zone.
Most of these signals show a potential move up in this or next week but I need at least one H4 candle to confirm the direction change.
So here's my plan:
buy when a bullish H4 candle appears, SL 1828, TP1 1850 1879
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: 2020/11/24
Many people suffered a big loss on the capital on yesterday's drop, so did I, while a big group of people laugh and left with a big profit.
I should notice the start of the wave buy my eyes were blinded.
No plan, No trading
------------------
Entry reason:
Gold made an unpredictable drop to 1831 yesterday and so far the bearish power takes a rest to determine next direction.
From the chart, I saw a quite typical falling wedge pattern in the chart, which indicates that the reversal could probably happen.
There's a divergence potential may appear in the MACD (only confirm on a reversal signal appears) and RSI is in the oversold zone.
Most of these signals show a potential move up in this or next week but I need at least one H4 candle to confirm the direction change.
So here's my plan:
buy when a bullish H4 candle appears, SL 1828, TP1 1850 1879
Pesanan dibatalkan
This idea is INVALID now. Gold has broken the key support
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.