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: 2020/12/ 03
No plan, No trading
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Entry reason:
Yesterday the gold drops to 1813 to retest the preivous resistence line and start rising again to 1834
Gold has almost completed a typical 8 wave cycle, the last wave C is targeting 1840-1850 area. Everyone knows that 1840-1850 is a very strong resistence area and plan to short here.
I'm thinking the same thing.
So here's my plan:
short , 1842 - 1850 , SL 1855. TP 1815, 1805
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: 2020/12/ 03
No plan, No trading
------------------
Entry reason:
Yesterday the gold drops to 1813 to retest the preivous resistence line and start rising again to 1834
Gold has almost completed a typical 8 wave cycle, the last wave C is targeting 1840-1850 area. Everyone knows that 1840-1850 is a very strong resistence area and plan to short here.
I'm thinking the same thing.
So here's my plan:
short , 1842 - 1850 , SL 1855. TP 1815, 1805
Trade active:
short in at 1842
