nstead 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: 2020/09/14
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 ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
So here's my plan:
short with tight SL, SL at $1974, TP1800+
Buy stop: 1975, TP 2000
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: 2020/09/14
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 ). It re-test the upper trendline again. The circled area will be the best entry to short again with small SL.
So here's my plan:
short with tight SL, SL at $1974, TP1800+
Buy stop: 1975, TP 2000
Trade active:
short in at 1968 now
Comment:
2500 pips in profit now
Trade active:
I'm adding short at 1960 area
