Hi friend. I start my intraday trading from this idea. Now we see small bullish impuls from support 2320 and our trading day started from this. Market process that cause growth - its bears distribution over.
Trading rules of my strategy (its my own trading you can use it for your risk only):
1) Every update will start with tendention vector i will mark for you - bullish trend or bears. 2) We will follow and try to catch exactly this trend. 3) Every update i mark entry price (if you was busy e.t.c and seen my idea some time after its update: a) if update tendention was bullish and price = entry price or lower you can entry; b) if tendention was bearish and price you catch was like entry price or higher - you can entry; c) another situation you waiting next update (if dont have any open position).
And ofcourse if ill be busy e.t.c i will close trading and update: trading closed.
Also remember that GOLD market like another exchange types its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
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enter price - 2349.54 downward tendention
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checkpoint ) I exit now
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downward started enterprice it a close price on image
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i exit now. Want to see next market process.
Friends - no support = no public trading 😎😉
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downward continue enterprice it a close price on image
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checkpoint, i exit now. Thanks for cheer and support 😉
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bullish started enterprice is a close price on image
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don't forget on bullish trend lower price - better enter
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bears accumulated and now its distribute downward. BUT trend is still bullish. And i keep my long position.
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bears catched .. i keep my long from 2343.6. But if you still not enter long it a good time. I think it will be strong upward tendention to resist level (marked red)
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