Gold 0912 Trading Plan
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: 2020/09/12
No plan, No trading
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Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e). Gold retest the upper trendline at 1956 early today and drops to 1942 now.
It's kind of a sign that the resistence still valid and reverse may happen.
The key support wedging point is 1940. Down to 1940 will trigger a deeper drop at 1920 support.
The real confirmation of wave C is red rectangle area 1910-1915. Any break down to this will confirm the real drop to 1800+. My expected wave C --- the real profit time.
So here's my plan:
Sell direction only. unless Gold break the upper trendline.
Short limit: 1945- 1950 area. 1915.
sell stop: 1938. TP 1930 1920.
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: 2020/09/12
No plan, No trading
------------------
Entry reason:
Gold is in the end of correction wave B (as a form of consolidation wave a-b-c-d-e). Gold retest the upper trendline at 1956 early today and drops to 1942 now.
It's kind of a sign that the resistence still valid and reverse may happen.
The key support wedging point is 1940. Down to 1940 will trigger a deeper drop at 1920 support.
The real confirmation of wave C is red rectangle area 1910-1915. Any break down to this will confirm the real drop to 1800+. My expected wave C --- the real profit time.
So here's my plan:
Sell direction only. unless Gold break the upper trendline.
Short limit: 1945- 1950 area. 1915.
sell stop: 1938. TP 1930 1920.
Trade attivo
short in at 1940 now
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