[XAUUSD] Feb 24, 2020 - ALuoTradingJournalAfter the 1595 resistance breakout, gold boost up in a bullish trend.
Currently there is no signals for any Short positions.
To trade a short, I would look at, atleast a bearish candlestick formed on the weekly chart. Then the week after I will start try for the short position.
Otherwise, for the current case, it's an endless long position.
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 is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
Rgta
[AUDUSD] Feb 10, 2020 - ALuoTradingJournalBeen a while again guys,
It has been a tough month to begin with, having to fight against the AUDUSD last week to seek for the best support level, and the NFP gave quite a tough decision making for me last week. As my plan for AUDUSD were, anything that does not surpass 0.66666, it will be a long position until 0.67700 for short term, and approx. 0.700 for the long term.
The NFP gave a big pull with the bearish trend. However, it was not strong enough to break the actual support level. Instead, this Monday morning, as Asian market opens, it went on a bullish trend making the candle stick a much better signal that will go in long position.
My idea AUDUSD will still be kept as the same,
Approx. SL 0.6666
Approx. TP 0.67700 or 0.700 for the dream destination.
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.
[GOLD] Jan 31, 2020 - ALuoTradingJournalGold made its way down to 1573 and a weakening signal has appeared for the next retracement
Long term trend with gold still does not change if it does not breakout 1590~1592.
The next retracement i am looking at for todays current case, is at 1584, still aiming for the same, near 1568~1569 for short term.
Lets hope this market price action gives me a good lunch for the day :)
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.
[USDCAD] Jan 17, 2020 - ALuoTradingJournalThis idea was first given on the 15th of Jan, 2020 on WeChat VIP Group as a journal record.
Currently I am making a future prediction on how USDCAD will go, and what I am planning to do with my trade.
I will await for the signal to create a support level at its entry point near 1.29600 before a long position will be placed.
My stop loss would be approx. 1.29150 (This will depend how the signal goes at that time, it may vary)
The ideal take profit would be 1.316000 resistance level.
Lets wait and see what the signal gives when the trend gets near 1.29600 ish.
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.
[XAGUSD] Jan 23, 2020 - ALuoTradingJournalHi All,
Its Luo here ! looks like im not a good blogger at all.
XAGUSD was mentioned in the other chat and kept as a journal on WeChat Diamond Group on the 13th of Jan, 2020 with record.
The Idea for XAGUSD are:
Short
Pending order : 18.15
SL : 19.00
TP : 17.30
This was analysed on the 13th, before the first trend that actually hit 18.15, and then after that, the trend tries to break the 18.15. Until now, the price is at 17.689 when I wrote this journal.
We may need to wait for the 4th signal that actually goes back to 18.15 resistance for those that has not yet entered in the position for a try.
I will still go in as well myself, as the trend is testing its resistance to see if it breaks through.
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.
[GOLD] Jan 30, 2020 - ALuoTradingJournalHi All,
I have got comments saying making a new post with my ideas on trades will be easier than me writing comments on my previous posts.
Just a update on the current gold situation.
Gold finally popped up to the last stage of its resistance level, and went up to its highest around 1588 (lucky it did not break 1590), and I started to give it a go to make a short position at 1583, I woke up at around 3 or 4, was very blur with my mind and saw that oh wow cool $10 on gold ! im happy enough, and closed the trade. Until, morning it went down to 1565 at its lowest. I did not regret, Im happy enough.
After that, I saw there is a signal there might be a chance to retrace again to test its second resistance at 1581. It grind its way up to 1581 quite quickly, and I made my short position again at my near expected resistance 1581 before I left work.
I would still aim 1568~1569 as my short to medium term trade, and if everything goes nice and drop like a peanut from there. I will look for 1525 at my dream aim for the moment.
If the worst 1590~1592 will still be the final destination for all short positions, if it breakout totally, there is chance i will change direction in trading. Unless its a breakout. We will see.
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.
[AUDNZD] Jan 17, 2020 - ALuoTradingJournalThe ideas for AUDNZD was first published on WeChat VIP group on the 20th of December 2019 with chat record. Unfortunately I was not able to post it on tradingview due to too tired from work at that time.
However, the entry point at that time when the price was still up at 1.0490 to 1.0500. I have predicted 1.0400 as the entry point.
I then re-adjusted the entry price to 1.03450 with the already triggered position 1.0400 position held up high, the bearish trend came in a very fast paste and triggered my long position pending order at 1.03450
I was on a floating loss of approximately 20 pips with my new entry point.
I believed if it does not totally break my 1.0300 Stop loss. The trend will continue to follow my prediction and aim to 1.05500 as the first take profit, and if no resistance signal build up around there. I believe there is a chance of getting to my ideal Take profit 1.06350. ( I would say I aim for 1.05500 and see how it goes when it gets there.)
My triggered 1.03450 was closed at 1.04320, as I saw there is a bearish retracement at that time, and I re-predict that the next retracement the trend will go to at around 1.03950 support level.
The price went down to 1.039530, it did not hit my pending order by 3 points. However, I have manually gone into this position, and the current price as seen at 1:07AM Sydney time is 1.04019.
Lets pray for me AUDNZD will go as i analyse.
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.