NexusFi: Find Your Edge


Home Menu

 





NTrading "Gold Journal"


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one NTrading with 102 posts (41 thanks)
    2. looks_two jokertrader with 11 posts (3 thanks)
    3. looks_3 Grantx with 6 posts (0 thanks)
    4. looks_4 Comeback King with 2 posts (0 thanks)
      Best Posters
    1. looks_one DjRonin with 1 thanks per post
    2. looks_two GruttePier with 1 thanks per post
    3. looks_3 NTrading with 0.4 thanks per post
    4. looks_4 jokertrader with 0.3 thanks per post
    1. trending_up 16,217 views
    2. thumb_up 46 thanks given
    3. group 7 followers
    1. forum 123 posts
    2. attach_file 88 attachments




 
Search this Thread

NTrading "Gold Journal"

  #1 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50

Yesterday GC attempted to break above its prior day high, where it found responsive sellers. GC failed to also break and hold below it's lows. GC closed around its mid.

Overnight GC attempted to break below its lows where it found responsive buyers.

Looking at larger time frame, GC daily is trading in a bullish "A-B-C" pattern.

Heading into the open, I am bullish to neutral. GC may be short-term exhausted showing signs to attempt to go lower. Yesterday also had divergence on the 30 min RSI. I will be looking for intrady patterns, failed reversal attempts, or reversals supported by divergence.

The Eco calendar has news at 7:30 and 8:45

at 8:05 I placed a Long trade 1245.3, trading a "cup and handle" on the 5 min chart, targeting 1249.5 and 1251.6

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
Are there any eval firms that allow you to sink to your …
Traders Hideout
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
60 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #3 (permalink)
 mykee 
Johor, Malaysia
 
Experience: Beginner
Platform: Sierra Chart
Trading: CL, GC
Posts: 187 since Oct 2013
Thanks Given: 1,380
Thanks Received: 187


Thanks for sharing.

What's your normal stop loss?

Sleep well, Eat Healthy, Breathe...
Reply With Quote
  #4 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50

It depends on your risk parameter. I use a percent risk formula, meaning I will risk a certain percentage of my account and adjust the number of contract to fit that percentage.

Reply With Quote
Thanked by:
  #5 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50

Day Summary:

Ending the day early (Friday), will resume April 2nd/3rd (taking this coming week off)

GC balanced (handle) at the open and waited for the other markets to open. The 30 min RSI supported a long entry. GC broke balance to the downside, where it found responsive buyers active at the active mid, VWAP, and prior low. The "cup and handle" pattern on the 5 min continued to play out where it balance around yesterday's midpoint.

Closed position 11:08 @ 1248.1 GC came within .5 points of initial target.

Reply With Quote
  #6 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50

Overview/Thoughts for this week:
GC is trading in a sideways range. Daily resistance zone above 1260-1263. Fib confluence below at 1229-1232

Looking closer, GC has minor support around the 1248-1250 area with better support found around 1238. If GC breaks below 1238 buyers could be active at 1230-1232
If GC finds support, sellers can still be active at 1260-1263. If GC breaks above that zone, GC has some room for continuation up to ~1275 and ~1286

Reply With Quote
  #7 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50

Recap: Friday GC found responsive buyers active at ~1242. Failure to stay outside of its prior days low brought in more buying.

Overnight: GC found sellers at ~1252, Fridays high, where it then found support around Friday's mid point ~1247.

Heading into the open, I am neutral. GC may have to trade lower to find responsive buyers.
Initial support can be found at overnight low, minor support at ~1242 and then ~1238 where GC may be short -term exhausted.
To the upside, initial resistance can be found around 1249-1251. A break and hold above initial resistance there is minor resistance at 1253.5-1255 and then larger resistance at 1261.5-1263.5.

The Eco calendar has news at 8:45 and 9:00 that could bring in volatility.

No immediate trade opportunities yet

Reply With Quote
  #8 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50

GC is balancing below 1249-50 where sellers are active (also 24hr mid.)
This will serve as short-term bull/bear zone

Reply With Quote
  #9 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50


Reply With Quote
  #10 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
Thanks Given: 3
Thanks Received: 50


Overnight GC found continued buying off the 1254 zone and is trading outside of yesterday's range. Sellers are active at 1261.3-1262.1 larger time frame resistance zone

Heading into the open, I am short-term bullish/neutral.

Initial resistance is at 1263.5-1264.2. A break and hold above that brings in 1265.9-1267 and 1270-1270.9 where GC can be short-term exhausted

Initial support can be found at 1261.3-1262.1. Be low that support zones are at 1259.4-1258.7, stronger support at 1256.5-1255.7, 1254-1253.4, and 1252.3-1251.5.

On the Eco Calendar there is news at 7:30 and minor news at 9:00

Reply With Quote




Last Updated on March 6, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts