kjwlegend
Short

Gold 1016 Trading Plan

TVC:GOLD   CFDs on Gold (US$ / OZ)
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: 2020/10/16

We have made a nice profit in the last short plan.

No plan, No trading

Last order: 1892 Long and close at 1901 1904 = 120 pips
------------------

Entry reason:

Gold has broken the intra-day trendline (1900) and reachs 1910 highest this morning.

In my opinion, Gold is still moving under the daily trendline (the blue one) in the bearish trend .

The key resistence is still 1911 and 1920. Gold goes above 1920 will confirm bullish and, break down to 1895 will trigger a rug drop down to 1880 and 1850.




So here's my plan:
I have added a slight selling position at 1904

Short:
More Sell limit around 1909-1911
ell stop 1893, 1880

Long:
Buy stop 1922.
Trade active: sell in at 1904 and 1910
Trade closed: target reached: close 70% at 1899 already , and now re-entered at 1903

Comments

good idea.
+1 Reply
kjwlegend AbSoleimani
@AbSoleimani,
Thank you !
Reply
I took profit in yesterday trading in Gold just now, no position now, thanks and Good Luck.
Reply
We are in profit now
Reply
It looks like going up more, do you think it will reach 1920?
Reply
kjwlegend meigold
@meigold,

1912 is the key. but even it reaches 1920, it doesn't change my opinion for short. so I would control my size to manage the risk
Reply
Well done
Reply
Will follow your advice,Thank you and Gbu.
Reply
kjwlegend euphoricLion57562
@euphoricLion57562,

Bless you too, my best follower
Reply
the same think as you, short in 1907
Reply
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