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 even if you have the right analysis and plan but you could still do the wrong thing, because of human nature.
Thus, I'm spending most of my time building an 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/ 09/15
===================Analysis=================
Yesterday Gold was trying to go down side before CPI news (you can see it once reached 1780), but the CPI data bring a strong bullish back and breaks the consolidation area at point A.
It gives me the direction to go for a short long.
Gold reaches the resistence area around 1805 now and may need more time to have a clear move.
I have move the support area to 1797 and very likely gold will range in 1797 -1805 in the Asia & European time.
=================Possible Situation==========
No.1 Gold re-test the support area 1797 and then test previous high 1808 again.
No.2 Gold drops hardly below 1797.
No.3 Gold rises above 1808-1810, which will confirm a clear bullish trend, then re-test 1805-1808 area and then rise again.
==================My Trading Plan=================
Based on these situation:
The key resistence : 1805 (+3)
The key support: 1797 (+-3)
buy plan:
Buy stop : N/A
But limit: 1797 , SL 1794, TP 1808
Sell plan:
sell stop : N/A
Sell limit: 1808, SL 1811, TP 1800
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 even if you have the right analysis and plan but you could still do the wrong thing, because of human nature.
Thus, I'm spending most of my time building an 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/ 09/15
===================Analysis=================
Yesterday Gold was trying to go down side before CPI news (you can see it once reached 1780), but the CPI data bring a strong bullish back and breaks the consolidation area at point A.
It gives me the direction to go for a short long.
Gold reaches the resistence area around 1805 now and may need more time to have a clear move.
I have move the support area to 1797 and very likely gold will range in 1797 -1805 in the Asia & European time.
=================Possible Situation==========
No.1 Gold re-test the support area 1797 and then test previous high 1808 again.
No.2 Gold drops hardly below 1797.
No.3 Gold rises above 1808-1810, which will confirm a clear bullish trend, then re-test 1805-1808 area and then rise again.
==================My Trading Plan=================
Based on these situation:
The key resistence : 1805 (+3)
The key support: 1797 (+-3)
buy plan:
Buy stop : N/A
But limit: 1797 , SL 1794, TP 1808
Sell plan:
sell stop : N/A
Sell limit: 1808, SL 1811, TP 1800
Comment:
It's in my planned buy area now. I will wait a little bit to see if the support holds.
Trade active:
Buy order entered at 1796.5
Trade active:
slightly add buy at 1795
Comment:
my previous long hit SL, but the rebounce here is quite strong from 1791.
I entered buy again at 1793.5
I entered buy again at 1793.5
