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/ 08
No plan, No trading
------------------
Entry reason:
Gold dropped from 1897 to 1879 lowest and made a quite boring flat move within a $4 range again and again. FMOC has 0 impact to the market.
In my opinion, the big wave C still not finished and we has quite huge potential still.
For intra-day trading, Gold shows some bullish potential and may rebounce to 1897-1903 area again with an (a)-(b)-(c) corrective wave and then will have the impulsive wave-(3) to the downside.
I will better to wait 1896+ to enter short position again, or enter small buy just for fun.
1850 will till be my 2nd target, and now 1873 will become the 1st target. 1820 is the 3rd one.
So here's my plan:
Short:
Sell limit: 1897, 6% of my allowed size
1903, 10% of my allowed size
Sell stop 1880, TP 1873
Sell stop 1870, TP 1850
Long:
Maybe buy at 1873 again. (maybe not depends on reversal signal)
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/ 08
No plan, No trading
------------------
Entry reason:
Gold dropped from 1897 to 1879 lowest and made a quite boring flat move within a $4 range again and again. FMOC has 0 impact to the market.
In my opinion, the big wave C still not finished and we has quite huge potential still.
For intra-day trading, Gold shows some bullish potential and may rebounce to 1897-1903 area again with an (a)-(b)-(c) corrective wave and then will have the impulsive wave-(3) to the downside.
I will better to wait 1896+ to enter short position again, or enter small buy just for fun.
1850 will till be my 2nd target, and now 1873 will become the 1st target. 1820 is the 3rd one.
So here's my plan:
Short:
Sell limit: 1897, 6% of my allowed size
1903, 10% of my allowed size
Sell stop 1880, TP 1873
Sell stop 1870, TP 1850
Long:
Maybe buy at 1873 again. (maybe not depends on reversal signal)
Trade attivo:
1st short in 1895
Trade attivo:
2nd short in 1897
