I've been a long time for not publishing ideas in Tradingview. Many people send kind and warming words and I'm very grateful for that.
If you followed my past analysis for a while, you might see I have a pretty nice wining rate of my plan and prediction.
However, I still lose a lot of money which almost makes me brankrupt. Since then, I understand, it's super hard to beat the human nature even, logically you know what is right, but you just reject to do so.
Thus, I'm spending my time building the EA to solve my manual trading problem (still unfinished). But I feel I still should keep my journal so that I can follow what the market is going on.
So please note: This is a personal journal only, but NOT a trading suggestion.
Date: 2021/ 09/14
===================Analysis=================
Gold falls from 1830 to 1780 with a typical 5-wave pattern, that kindly forms a bearish trend in large timeframe.
You might find these days Gold is hard to trade because at this moment, Gold is just in consolidation period and there's no clear direction. Even sometimes a large red or green candle can mislead you, but you find later on, the market just reverse in a very short time.
Gold price is moving in a collapsing triangle and likely to break sooner or later.
The range right now is: 1785 - 1795
We don't know where it would go. I'd suggest just do some small scalp or watch market until it breaks.
=================Possible Situation==========
No.1 Gold breaks above at point A, it will re-test the previous resistence 1804 area. Then it could either drop or cross the resistence (again we don't predict).
No.2 Gold breaks in the down direction, and the next key support would be 1770, 1755.
==================My Trading Plan=================
Based on these situation:
The key resistence : 1795
The key support: 1785
buy plan:
Buy stop : 1795, SL 1790, TP 1804
But limit: 1786 , SL 1784, TP 1794, 1804
Sell plan:
sell stop : 1784, SL 1790, TP 1770
If you followed my past analysis for a while, you might see I have a pretty nice wining rate of my plan and prediction.
However, I still lose a lot of money which almost makes me brankrupt. Since then, I understand, it's super hard to beat the human nature even, logically you know what is right, but you just reject to do so.
Thus, I'm spending my time building the EA to solve my manual trading problem (still unfinished). But I feel I still should keep my journal so that I can follow what the market is going on.
So please note: This is a personal journal only, but NOT a trading suggestion.
Date: 2021/ 09/14
===================Analysis=================
Gold falls from 1830 to 1780 with a typical 5-wave pattern, that kindly forms a bearish trend in large timeframe.
You might find these days Gold is hard to trade because at this moment, Gold is just in consolidation period and there's no clear direction. Even sometimes a large red or green candle can mislead you, but you find later on, the market just reverse in a very short time.
Gold price is moving in a collapsing triangle and likely to break sooner or later.
The range right now is: 1785 - 1795
We don't know where it would go. I'd suggest just do some small scalp or watch market until it breaks.
=================Possible Situation==========
No.1 Gold breaks above at point A, it will re-test the previous resistence 1804 area. Then it could either drop or cross the resistence (again we don't predict).
No.2 Gold breaks in the down direction, and the next key support would be 1770, 1755.
==================My Trading Plan=================
Based on these situation:
The key resistence : 1795
The key support: 1785
buy plan:
Buy stop : 1795, SL 1790, TP 1804
But limit: 1786 , SL 1784, TP 1794, 1804
Sell plan:
sell stop : 1784, SL 1790, TP 1770
Trade active:
sell active now.
previous buy hit sl
previous buy hit sl
Comment:
Trade closed: stop reached:
crazy gold. SL HIT
Comment:
I'm reversed to buy direction now.
small entry at this moment, will add more once gold breaks 1794
small entry at this moment, will add more once gold breaks 1794
Comment:
I made my loss back by adding the long position.
It breaks above the point at A now. I suggest add long when it retrace to 1794 area
It breaks above the point at A now. I suggest add long when it retrace to 1794 area
Trade active:
previously closed buy at 1798. re-enter at 1791now
Trade closed: target reached:
my buy stop TP 1804 reached.
