Minfintyfunds

Minfintyfunds

Took a short position after GDP data came out and probability just didn't played out in my favor.

Minfintyfunds

Took a Short Position on Gold 1hr Time Frame Gold Open up with huge wick London filled that wick and now NYSE couldn't break that level

Minfintyfunds

Sometime you are right about the direction of the price but little off on the timing Took the loss today of 40pips. I guess I could've waited for FOMC.

Minfintyfunds

Gold has been down for past 5 days, GDP number came out bad which is a good sign for Gold 5am Pre-NYSE closed dogi and didn't break London low, another good sign to go bullish Exit out early with 50 pips, I think if I would've hold it it would have been good trade.

Minfintyfunds

Took long when price made overnight low and reached to a weekly support Price has reacted at that level multiple times in the past. Idea Price may tag this area and bounce back 5:30 (30min) candle closed weak bearish signaling that price may bounce back from here. Buy @ 1897 Stop Loss @ 1893 PT @1905

Minfintyfunds

Thesis - Overnight London Pushed the prices down due to hike in interest rate 5am PST Pre-NY respected the structure 6am - Anticipated that price will tag 5am opening and then will come down Loss of 23 pips

Minfintyfunds

Enter Long Based on Overnight Structure. Exit out little early but great execution

Minfintyfunds

Thesis: Gold buy is still in play. Overnight session closed higher, Pre-NYSE made new high. Looking for NYSE to come down and then push up. Risk to Reward make sense.

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Short Entry was taken based on fundamental and technical analysis

Minfintyfunds

COMEX:GC1! I think overall bias is long and tomorrow CPI will prove that and Gold should move up. Until that happen lets wait. However, I think this week Gold hasn't come down and if prices were to go up, today it may come down. 5am PST Pre NYSE will provide some guidance.

Minfintyfunds

Thesis - Long based on Monthly, Weekly, and Daily Structure Traded small position to retain the confidence and trust. Reflect on my trades over the weekend. Last week were all losses, so starting this week with low size and building the trust and intuition.

Minfintyfunds

Another Loss of this week. It sounds weird but it's okay and I feel pretty good because there was NO Revenge Trading, No FOMO, and Managed my Risk. The market was not in my favor this week. Will try next week. Same Routine, Same Concepts, and Same Execution. Remember Trader. There is always going to be some randomness in the market but we need to stick to our...

Minfintyfunds

Thesis for Today - Go Long Stop-loss triggered with 15 pip loss 4 consecutive losses within a week and it's okay. Idea is that losses are bound to happen and make sure they are smaller compared to your wins, so at the end of the month you will still end up being profitable. It's a long game trader! Stay focused and Mindful about your behavior!

Minfintyfunds Updated 

Overall Gold Thesis is a buy. From a scalping perspective, I'm looking for a short today Risking 15 pips to get 30 pip Reward based on probabilities.

Minfintyfunds

Weekly outlook look Bearish Monthly Structure seems Bullish Bias was bearish because 5am PST didn't respect previous day low and came down to 1806 Idea was that since 5:00 AM PST came down, 5:30 will go up, tag overnight high and then come down to complete down move

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I think we should wait and see how prices will react after the Retail Data. Prices are at rejection zone but Monthly setup seems pretty good to go long. We will just wait for 5am PST Pre-NYSE open confirmation to see how prices react

Minfintyfunds

Gold tapped into the same zone where it's having hard time passing thru. Look for a short entry. PPI number were in favor of Gold but when 5am Pre-NYSE didn't close bullish Then short confirmed and took at entry with NYSE Open and expect the volume to drag the price to yesterday's low

Minfintyfunds

Sometime your Idea doesn't work, so instead of force trade you sit back and observe the price. There were two ideas to play today but none of them worked out so didn't trade. Plan A - 5am PST - Pre NYSE inflation data will come good for GC and price will go up and then come back to yesterday's close. 5am candle close bearish 6am PST - Go...