Gold 0605 Trading Plan
Aggiornato
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: 2020/06/05
No plan, No trading
Entry reason:
Gold has broken the wedging point as mentioned yesterday, and the trend is confirmed as bearish for now. This move also cleared all the previous wave count assumption that No.2 option is the way to go.
Now gold is in the big correction wave C and the final target could be even 1640 - 1650. I would short more once a retracement to 1692 above happens.
So here's my plan:
Sell in 1695-1705 , TP 1670 1660 1650
Confidence level: 75%
----------Previous trading update------------
Short at: 1715 , 1717
Emotion level: I don't know the U.S news result but in the chart all signals shows bearish before the news happens. So it's quite confident to do this trade.
Result: I have close 70% of short at 1682. 3300 pips in profit, 6K cash in pocket today that covers all SL happened last few days.
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: 2020/06/05
No plan, No trading
Entry reason:
Gold has broken the wedging point as mentioned yesterday, and the trend is confirmed as bearish for now. This move also cleared all the previous wave count assumption that No.2 option is the way to go.
Now gold is in the big correction wave C and the final target could be even 1640 - 1650. I would short more once a retracement to 1692 above happens.
So here's my plan:
Sell in 1695-1705 , TP 1670 1660 1650
Confidence level: 75%
----------Previous trading update------------
Short at: 1715 , 1717
Emotion level: I don't know the U.S news result but in the chart all signals shows bearish before the news happens. So it's quite confident to do this trade.
Result: I have close 70% of short at 1682. 3300 pips in profit, 6K cash in pocket today that covers all SL happened last few days.
Commento
All my short close at 1673 now
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