Gold 1102 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: 2020/11/02
No plan, No trading
Gold has complete the 5-wave cycle at 1860 area and also done with the a-b-c correction wave on last Friday at 1890.
I have made nice profit with these 2 catches.
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Entry reason:
After a typical 8-wave cycle complets, the market will be ranging for a while before determing the next direction. There's a large possibility that it will follow the previous trend which means goes a lower low.
BUT, just a reminder here, the U.S election day is coming next day and the market will be quite violate and anything can happen here.
The key resistence : 1890
The key support: 1860
Technically, I will still do short around 1890 with SL $5.
I wou;d close all the open orders no matter in profit or loss before tomorrow, to avoid unreasonable movement.
So here's my plan:
Short:
Sell around 1885 - 1890, TP 1875 , 1860
Long:
Buy stop at 1893
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: 2020/11/02
No plan, No trading
Gold has complete the 5-wave cycle at 1860 area and also done with the a-b-c correction wave on last Friday at 1890.
I have made nice profit with these 2 catches.
------------------
Entry reason:
After a typical 8-wave cycle complets, the market will be ranging for a while before determing the next direction. There's a large possibility that it will follow the previous trend which means goes a lower low.
BUT, just a reminder here, the U.S election day is coming next day and the market will be quite violate and anything can happen here.
The key resistence : 1890
The key support: 1860
Technically, I will still do short around 1890 with SL $5.
I wou;d close all the open orders no matter in profit or loss before tomorrow, to avoid unreasonable movement.
So here's my plan:
Short:
Sell around 1885 - 1890, TP 1875 , 1860
Long:
Buy stop at 1893
การซื้อขายยังคงดำเนินอยู่
Short in at 1890 as plannedปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
Hit my SL for this trade
คำจำกัดสิทธิ์ความรับผิดชอบ
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