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: 2020/11/30
Wave C is coming late as my expectation but it's coming..
Check my analysis from 1 month ago in the related ideas
No plan, No trading
------------------
Entry reason:
Based on Elliot wave , Gold is in the final wave 5. Maybe an extended wave-5 could happen, but right now there's no reason to short any more at this price.
wave-1: 1895 - 1852
wave-2: 1852 - 1879
wave-3: 1879 - 1801
wave-4: 1801 - 1819
wave-5: 1819- 1750~1770
Wait a reversal signal at H4 period. Another rebounce to 1820 area is easy to reach.
So here's my plan:
Long
buy from 1750-1765, SL 1740, TP 1820
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: 2020/11/30
Wave C is coming late as my expectation but it's coming..
Check my analysis from 1 month ago in the related ideas
No plan, No trading
------------------
Entry reason:
Based on Elliot wave , Gold is in the final wave 5. Maybe an extended wave-5 could happen, but right now there's no reason to short any more at this price.
wave-1: 1895 - 1852
wave-2: 1852 - 1879
wave-3: 1879 - 1801
wave-4: 1801 - 1819
wave-5: 1819- 1750~1770
Wait a reversal signal at H4 period. Another rebounce to 1820 area is easy to reach.
So here's my plan:
Long
buy from 1750-1765, SL 1740, TP 1820
Trade active:
I have small long in at
1768 ow
1768 ow
