kjwlegend

Gold 0630 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: 2020/06/30

No plan, No trading


Entry reason:

Gold has completed A-B-C correction wave and a strong rebounce up to 1775. I don't think Bullish is so confident at this price, neither berish.
The direction is unclear after A-B-C and Gold price is ranging between 1767-1775. It seems a bullish flag , but I won't trade as 100% bullish .

A better plan is wait for the break out up or down.

If it's going down, after gold breaks 1767, there's still a purple ascending TL at 1760.
if going up, 1775 is the key resistence and a break will aim to 1788 or higher.


So here's my plan:

Range trading:
buy 1767 1768, SL $1.5 , TP 1775
short at 1773-1775 , SL 1776, TP 1767

stop trading
buy stop 1776, TP 1788
sell stop 1766 , TP 1760, 1740

Trade active: sell opened 1766

Comments

hi iam treadr amator you copi treading
Reply
kjwlegend omid3341611258
@omid3341611258,
Sorry what do you mean?
Reply
@kjwlegend, i want to you teach me to trade and how to copy from your trade
Reply
kjwlegend omid3341611258
@omid3341611258,

I can share my system and knowledge to you. Currently I don't have copy trading enabled, but when it's on I will let you know
Reply
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