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: 2020/11/18=9
No plan, No trading
I hit the SL in yesterday trade but it didn't change my trading direction. I would still go long for now but just for a better entry point
Intra-day trend: Bullish
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Entry reason:
Gold touches 1865 but make a quick rebounce to 1884 now back to 1875 area.
It's making a potential H&S pattern so I would plan to still go long direction till 1900 this week.
So here's my plan:
key resistence: 1885 1898 1907
Key support: 1875
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1870-1876. SL 1867 TP 1895
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: 2020/11/18=9
No plan, No trading
I hit the SL in yesterday trade but it didn't change my trading direction. I would still go long for now but just for a better entry point
Intra-day trend: Bullish
------------------
Entry reason:
Gold touches 1865 but make a quick rebounce to 1884 now back to 1875 area.
It's making a potential H&S pattern so I would plan to still go long direction till 1900 this week.
So here's my plan:
key resistence: 1885 1898 1907
Key support: 1875
Short:
Sell from 1898 - 1907 , , TP 1885 area , SL 1910
Long:
buy from 1870-1876. SL 1867 TP 1895
Trade active:
Long in at 1875
