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: 2020/11/19
No plan, No trading
I hit SL 3 times in a row, I should defintely be more patient before placing a trade.
Intra-day trend: Unknwo
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Entry reason:
Gold is now near the very key support area 1855-1860. It bounces back to 1880+ twice times from this point and we can somehow trust this support line for the last time.
In the day trade trend, the gold is too bearish to place a buy at this point. I think I can wait for at least a reversal signal here to be safe trade.
So here's my plan:
Buy at 1858 now and buy stop at 1865.
SL 1852, tp 1885
it's a risky trade but wth good R/R ratio
Short:
Sell from 1898 - 1907 , , TP 1850 area , SL 1910
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: 2020/11/19
No plan, No trading
I hit SL 3 times in a row, I should defintely be more patient before placing a trade.
Intra-day trend: Unknwo
------------------
Entry reason:
Gold is now near the very key support area 1855-1860. It bounces back to 1880+ twice times from this point and we can somehow trust this support line for the last time.
In the day trade trend, the gold is too bearish to place a buy at this point. I think I can wait for at least a reversal signal here to be safe trade.
So here's my plan:
Buy at 1858 now and buy stop at 1865.
SL 1852, tp 1885
it's a risky trade but wth good R/R ratio
Short:
Sell from 1898 - 1907 , , TP 1850 area , SL 1910
Trade active:
2 long position now:
1858
1862
1858
1862
