Trading Journal Of A Beginner

[Gloria]

Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2850 or 1.2610.

[Gloria]

Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2772 or 1.2739.

[Gloria]

Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2850 or 1.2610.

[Gloria]

Go long after the next bullish price action rejection following a first touch of 1.3454 or 1.3521.

[Gloria]

Go short after the next bearish price action rejection following a first touch of 1.3588.
Place the stop loss 1 pip above the local swing high.

[Gloria]

Go short after the next bearish price action rejection following a first touch of 1.3588.
Place the stop loss 1 pip above the local swing high.

[Gloria]

This pair’s strong recent bullishness continued yesterday, although it wasn’t strong enough to remain above the key resistance level of 1.3588 for very long, and it is now trading below it again. 

[Gloria]

Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0920 or 1.0881.

[Gloria]

Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.0950 or 1.1000.

[Gloria]

It would not be surprising if we do not see a higher price than the weekly open for several months, possibly even years, and there would have been some long-term selling up there. Adding to the bearish case is the fact that the support at 1.0950 has flipped to become resistance.

[Gloria]

Gold prices rose for a second straight session and settled at $1228.17 an ounce on Friday as a series of economic data out of the world’s largest economy disappointed the market and weighed on the American dollar. 

[Gloria]

The XAU/USD pair initially headed lower but found enough support in the $1218/5 area and moved back up, headed towards the 4-hourly Ichimoku cloud. Although Friday’s U.S. retail sales and consumer price index numbers fell short of market expectations, investors are still confidently expecting the Federal Reserve to raise interest rates at its next meeting.

[Gloria]

The WTI Crude Oil market initially tried to rally during the session on Tuesday, but found enough resistance at the 200-day exponential moving average to turn around and form a shooting star.