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: 2020/09/14
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 at 1963 - 1970. SL 1975 , tp 1920
Sell stop: 1955: tp 1920
No 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: 2020/09/14
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 at 1963 - 1970. SL 1975 , tp 1920
Sell stop: 1955: tp 1920
No buy at this moment
Trade active:
short opened at 1963 now
Trade active:
short added at 1967 again
Trade active:
short added at 1969 again.
ALL SL at 1975
ALL SL at 1975
Comment:
protect the order with $1 trailing profit
Trade closed: target reached:
I'm closing 70% short at 1938 now
