ID.hubInstead 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: 2020/10/22
I hit SL with 1920 short, but the buy stop at 1923 plan was profit at the end and out at 1930.
No plan, No trading
------------------
Entry reason:
Gold was rejected at 1930 area and now start a drop down to 1905 at this point. It still within the consolidation range and be careful with either buy or short.
A break out would be the best time to trigger the trade. I don't know if it's going to go downside or up again, but based on the volume and violatity, I would say at least within 4 hours, I am more bias on short direction.
So here's my plan.
Short:
Sell limit at 1910
sell stop 1900
Long:
I don't see buy opportunity because the bearish power is quite strong. Unless a reverse signal happens in a H2 candle, I would not enter buy at this moment
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: 2020/10/22
I hit SL with 1920 short, but the buy stop at 1923 plan was profit at the end and out at 1930.
No plan, No trading
------------------
Entry reason:
Gold was rejected at 1930 area and now start a drop down to 1905 at this point. It still within the consolidation range and be careful with either buy or short.
A break out would be the best time to trigger the trade. I don't know if it's going to go downside or up again, but based on the volume and violatity, I would say at least within 4 hours, I am more bias on short direction.
So here's my plan.
Short:
Sell limit at 1910
sell stop 1900
Long:
I don't see buy opportunity because the bearish power is quite strong. Unless a reverse signal happens in a H2 candle, I would not enter buy at this moment
Trade active:
sell stop 1900 in
