'2025 For a gr8ter Reward we must go to the valley to CONQUER...' -500KTrey
What's the word family. I have been working OVA TIME on building my edge inside the markets for the given assets I trade. I got to myself and understood that in order for me to have a Gr8T HIGH LEVEL Performing Career talking 8 Figures over the course of the next 20yrs I have to build a mechanical system the can survive me the time. So that's what I've been focused on solely. What is my system/ Entry Model/ Edge w/ assets/ Management System! So Here I will break down my thoughts on MGC 'GOLD' and what I see potentially happening this week.
Updated 4Hr TF Current PA on 'GOLD' we are trading just underneath the Daily Swing EQ Level call it 2.7K. Keep note that we have a huge unmitigated 4Hr Supply Zone just above EQ level... Pricing $2,715.5 will be the official mitigation of the HTF 4Hr Supply Zone.
Our Entry Management #500K Model 1of1 1) HTF Mitigation of the 4Hr Supply Zone (Who Has the Stronger Hand in EOF?) 2) We then drop down to the LTF 15-5m for an Entry Confirmation. So we must watch volume of the footprint charts to see how sellers n buyers interact with each other and we will join the Dominant hand for the ride to Profit...
LTF Pro-Trend HP SU is bullish so that means we can put on Full Sized Risk LTF Counter-Trend HP SU is bearish so that means we only put on Half Risk
The overall market is Bullish on the HTS'S Weekly/ Daily. We are just currently inside of a Market Correction so it may come across as bearish!!
I will keep close update as PA develops this week. Remember Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ CONSISTENTLY!! +Shalom
Market Opened N we have finally swept the ascending eR/LQ Trendline to the downside with a conf. 4Hr candle.... I'll be back tomorrow Morning for NY sess... +Shalom🙏🏾
Trade active
Note
Note
We have now Managed to Move our Stop just slightly past B.E
Note
We Managed to Partial Secure 5 contracts off the table in Profit leaving the remaining 8 in the fight to TP...
Note
This position only secured 5 contracts and the remaining left in the fight were Stopped @ breakeven...
Note
I'm watching very very closely to see if we can catch another SU to still capitalize off the move...
Note
Potentially as I am watching very very close to Volume in the order flow footprint charts...
Note
2ND Position of the Day has been tagged N now in Management!!!
Note
Trade closed manually
I was floating 2R in Profit then heavy Buying came from inside of a 1Hr Demand and pushed price all the way back towards my entry. N closed out!!! All good GOLD was very tricky today...
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.