[Gold] 11July, 2019 - ALuoTradingJournal
Hi All,
My names Luo, people call me ALuo.
I like to keep trading records of my trades to have myself improve from my failure or success, I do have groups in other communication tools. But mainly in a different language and now I would like to challenge myself in keeping a trading journal in english.
I have heard TradingView for a while, though, havent yet tried it myself to use it as a journal and now I am here. I love how TradingView works.
Here I am, I would like to share my thoughts and thoughts that I may not have yet recorded on TradingView.
Since after the fundamental news happened few weeks back with the FOMC (Thursday,June 20th), Gold went on a very strong bullish trend, from the first time went up to 1358 and drop to 1334. Up and down. I was scalping there a bit during that time with short position, with a Stop loss up to 1359 and any signals that stops near 1358, 1353~1356 I was doing short all that time with a profit of $2~4 of gold each time. Until, it went pass 1356, my last position was stuck and got stop loss at 1359. The loss wasnt much comparing what I scalped during time. So that was alright.
The bullish trend was actually strong during the time when I use alligator to know my directions.
However, from looking at the daily graph on June 18th, 2019, the candle stick gave a signal stopped at 1354. That is pretty much why I was doing short position all that time till it pass 1356 and stop loss at 1359.
I had a buy stop at 1360, and set a tp up to 1375 and that one went out quite well. Gold went up to a new high on the day up to 1439.
A new high came out on the same day with FOMC, and usually, when I trade, i dont like to trade during new highs. Therefore, I stopped a week or so with gold, and saw that the 2nd new high it went up, it went up to 1436 and did not break the previous high. I started to analyse myself on gold again. Decided to do short position from there with the reference of USD index graph, if any spike up or highs that does not pass the previous high of 1439, I will do all short positions from there with a stop loss of 1440.
Unfortunately, a trade that I missed out was when the time gold dropped down below 1390, I did not put a pending order at 1408, as I analysed that day and with the current resistance level, it will go up to the range of 1408 to 1410. It actually went up to 1407 that day. But I do not regret.
Since today, it went out quite well. Yesterday, I did a long position at 1394 stop loss at 1385, and a take profit at 1400. I was quite lucky that the spread and price did not hit 1385, it actually dropped down all the way to 1385.80. That was a bit of luck for me there.
So, that's a bit of me of whats going on with me lately with gold. I also do forex pairs during the time I do gold, as I split up my risk in many different instrument pairs for risk management.
As to speculate the trend of how gold will go later on, my thoughts on gold till now. As long it does not pass 1440 (SL) I will be doing short position. The next short position I will give it a shot, will be at approx 1423 depending where the signal starts to go weaker, if the K line still goes very strong when it gets to 1419, I will remove the pending order of 1423, if not, I will continue and give the approx price of 1423 a shot on doing short, with a aim of going down to 1400. Unless, a strong weakening signal appears beforehand, then i will close it and restart.
Now, pending orders up on my account, and also set one on TradingView for the purpose of keeping a record. Now its just about waiting the price to reach its price.
Will require patience to wait.
I like to analyse trades before it happens, and give it a shot to test out my success rate. I have been trading since 2012, it did not start well, but the strategy I found and tested with a few times that caused me to blow up with my funds. I have modified my strategy and try to increase my success rate each time with my failure. My success rate till today seems to be ok, atleast I have started earning a bit at a higher success rate comparing to most.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
My names Luo, people call me ALuo.
I like to keep trading records of my trades to have myself improve from my failure or success, I do have groups in other communication tools. But mainly in a different language and now I would like to challenge myself in keeping a trading journal in english.
I have heard TradingView for a while, though, havent yet tried it myself to use it as a journal and now I am here. I love how TradingView works.
Here I am, I would like to share my thoughts and thoughts that I may not have yet recorded on TradingView.
Since after the fundamental news happened few weeks back with the FOMC (Thursday,June 20th), Gold went on a very strong bullish trend, from the first time went up to 1358 and drop to 1334. Up and down. I was scalping there a bit during that time with short position, with a Stop loss up to 1359 and any signals that stops near 1358, 1353~1356 I was doing short all that time with a profit of $2~4 of gold each time. Until, it went pass 1356, my last position was stuck and got stop loss at 1359. The loss wasnt much comparing what I scalped during time. So that was alright.
The bullish trend was actually strong during the time when I use alligator to know my directions.
However, from looking at the daily graph on June 18th, 2019, the candle stick gave a signal stopped at 1354. That is pretty much why I was doing short position all that time till it pass 1356 and stop loss at 1359.
I had a buy stop at 1360, and set a tp up to 1375 and that one went out quite well. Gold went up to a new high on the day up to 1439.
A new high came out on the same day with FOMC, and usually, when I trade, i dont like to trade during new highs. Therefore, I stopped a week or so with gold, and saw that the 2nd new high it went up, it went up to 1436 and did not break the previous high. I started to analyse myself on gold again. Decided to do short position from there with the reference of USD index graph, if any spike up or highs that does not pass the previous high of 1439, I will do all short positions from there with a stop loss of 1440.
Unfortunately, a trade that I missed out was when the time gold dropped down below 1390, I did not put a pending order at 1408, as I analysed that day and with the current resistance level, it will go up to the range of 1408 to 1410. It actually went up to 1407 that day. But I do not regret.
Since today, it went out quite well. Yesterday, I did a long position at 1394 stop loss at 1385, and a take profit at 1400. I was quite lucky that the spread and price did not hit 1385, it actually dropped down all the way to 1385.80. That was a bit of luck for me there.
So, that's a bit of me of whats going on with me lately with gold. I also do forex pairs during the time I do gold, as I split up my risk in many different instrument pairs for risk management.
As to speculate the trend of how gold will go later on, my thoughts on gold till now. As long it does not pass 1440 (SL) I will be doing short position. The next short position I will give it a shot, will be at approx 1423 depending where the signal starts to go weaker, if the K line still goes very strong when it gets to 1419, I will remove the pending order of 1423, if not, I will continue and give the approx price of 1423 a shot on doing short, with a aim of going down to 1400. Unless, a strong weakening signal appears beforehand, then i will close it and restart.
Now, pending orders up on my account, and also set one on TradingView for the purpose of keeping a record. Now its just about waiting the price to reach its price.
Will require patience to wait.
I like to analyse trades before it happens, and give it a shot to test out my success rate. I have been trading since 2012, it did not start well, but the strategy I found and tested with a few times that caused me to blow up with my funds. I have modified my strategy and try to increase my success rate each time with my failure. My success rate till today seems to be ok, atleast I have started earning a bit at a higher success rate comparing to most.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.