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: 2020/09/12
No plan, No trading
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Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e). Gold retest the upper trendline at 1956 early today and drops to 1942 now.
It's kind of a sign that the resistence still valid and reverse may happen.
The key support wedging point is 1940. Down to 1940 will trigger a deeper drop at 1920 support.
The real confirmation of wave C is red rectangle area 1910-1915. Any break down to this will confirm the real drop to 1800+. My expected wave C --- the real profit time.
So here's my plan:
Sell direction only. unless Gold break the upper trendline.
Short limit: 1945- 1950 area. 1915.
sell stop: 1938. TP 1930 1920.
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: 2020/09/12
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e). Gold retest the upper trendline at 1956 early today and drops to 1942 now.
It's kind of a sign that the resistence still valid and reverse may happen.
The key support wedging point is 1940. Down to 1940 will trigger a deeper drop at 1920 support.
The real confirmation of wave C is red rectangle area 1910-1915. Any break down to this will confirm the real drop to 1800+. My expected wave C --- the real profit time.
So here's my plan:
Sell direction only. unless Gold break the upper trendline.
Short limit: 1945- 1950 area. 1915.
sell stop: 1938. TP 1930 1920.
Dagangan aktif
short in at 1940 now
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.