What a Gap.
Once it opened I was like 60% down on my account from 2 positions 1 @ 1311 and 2 @ 1317. Luckily I closed other positions before Weekend.
We opened right in Monthly resistance aka Key Point 1337 1338.
This move in new month is considered UP ( First Move is up )
If We don't fall from here I will have to give up.
All eyes open to 1337 - 1338
I am not calling short just because of the gap, this can be run away Gap too. I am posting here because of Monthly key point and first move up so to speak.
Hope you're okay out there.
This is rough.
3 sells active 2 down there and 1 new in this key - point.
I have put an SL above 1340 for 3rd sell because I cannot afford to let 3 positions dive deeper in water.
Once it opened I was like 60% down on my account from 2 positions 1 @ 1311 and 2 @ 1317. Luckily I closed other positions before Weekend.
We opened right in Monthly resistance aka Key Point 1337 1338.
This move in new month is considered UP ( First Move is up )
If We don't fall from here I will have to give up.
All eyes open to 1337 - 1338
I am not calling short just because of the gap, this can be run away Gap too. I am posting here because of Monthly key point and first move up so to speak.
Hope you're okay out there.
This is rough.
3 sells active 2 down there and 1 new in this key - point.
I have put an SL above 1340 for 3rd sell because I cannot afford to let 3 positions dive deeper in water.
Comment:
Looks like a flag.
Usually, I did recalculations when opens with Gap. But I found out it is not correct.
So level that should be reached is 1325 but first, have to get back under 1333
Usually, I did recalculations when opens with Gap. But I found out it is not correct.
So level that should be reached is 1325 but first, have to get back under 1333
Comment:
I am still working on something and testing things. Some time ago I gave a promise to do a 2-100k challenge by trading Gold. There is never a right time for it so maybe I'll do it now since I am back full time in trading and most probably will be so in near future. I will update my status page where you will be able to find Investors login to follow. Here in TV Meanwhile, I will explain the trade logic behind the position. Take care.
Comment:
It Says here, Describe Your Update...
But I don't know how to describe it at the moment.
So this will be just a random text.
The Golden Ship is sinking right from Monthly Key-point.
But I don't know how to describe it at the moment.
So this will be just a random text.
The Golden Ship is sinking right from Monthly Key-point.
1294 - 1270, even if these are precious targets the cycle usually is 2-3 weeks!
Meaning that once the target is generated 2-3 weeks market can go sideways or in other direction and then the turnaround happens to reach them.
1270 was generated 2 weeks ago, to be exact now is the 2nd-week starting.
And again August 31 in Idea I posted.
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Today's first move after open stuff is important. First move down to Pivot L is a buy setup!
So what you want to see is Open and up!
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The first move was down and swing target 1299 was reached. In play with a first move down it was a clear buy setup, but of course falling in love with something in trading is a bad thing.
Just sharing my thoughts though.
Take care and Let's see how the key point works out.