I'm pretty sure it's Long-Gold. It's a battlefield. Im beaten'em
Updated
https://www.tradingview.com/x/CMFIYIsu/
Hi everyone, it's been a tough day in Gold Asia trading. I supported the long theory that they gave us at the start of Asia trading today.
Long story short, there appeared to be a bullish gap up and price was moving up I would not say impulsively but smoothly. But price stalled twice within an hour at the top of the double top I spoke about on 2hr timeframe. I made 2 legititimate short entrys on price weakness as price reversed downwards, I thought that was fair enough, I had no intention to short, that is simply what got served to us.
The market-maker-muppets at gold went after my stops twice. They finally got my first trade, because price slowly reversed after price stalled twice, I went to a 1m timeframe and as discreetly as I could got a good risk/reward on the short. The muppets did not like that.
Anyways, after my second short I refused to call it in or buy-back, I was very heavy shorted because I took a lot of profits in Crypto at the weekend.
So then after that M-top/flag formation where price went sidewards (because I jammed them with my short trade), they decided to take the market for a run beyond the neckline. Fair enough. I even bought back my short trades at a slight loss. But I will play fair.
Instead of price moving back upwards, the market runs a bit lower and then Bam I went massive short again. But my long positions are bigger because thats ultimately where the market will go.
Enough of my rant. The daily chart looks very bullish. Price also at the bottom of a rising wedge on daily. I don't watch television but Im hearing the Russian war takes a new twist, supportive of Gold I would say. I will keep you posted. Ahm if the market goes sidewards all session, then you know why,
Hi everyone, it's been a tough day in Gold Asia trading. I supported the long theory that they gave us at the start of Asia trading today.
Long story short, there appeared to be a bullish gap up and price was moving up I would not say impulsively but smoothly. But price stalled twice within an hour at the top of the double top I spoke about on 2hr timeframe. I made 2 legititimate short entrys on price weakness as price reversed downwards, I thought that was fair enough, I had no intention to short, that is simply what got served to us.
The market-maker-muppets at gold went after my stops twice. They finally got my first trade, because price slowly reversed after price stalled twice, I went to a 1m timeframe and as discreetly as I could got a good risk/reward on the short. The muppets did not like that.
Anyways, after my second short I refused to call it in or buy-back, I was very heavy shorted because I took a lot of profits in Crypto at the weekend.
So then after that M-top/flag formation where price went sidewards (because I jammed them with my short trade), they decided to take the market for a run beyond the neckline. Fair enough. I even bought back my short trades at a slight loss. But I will play fair.
Instead of price moving back upwards, the market runs a bit lower and then Bam I went massive short again. But my long positions are bigger because thats ultimately where the market will go.
Enough of my rant. The daily chart looks very bullish. Price also at the bottom of a rising wedge on daily. I don't watch television but Im hearing the Russian war takes a new twist, supportive of Gold I would say. I will keep you posted. Ahm if the market goes sidewards all session, then you know why,
Note
I don't endorse or recommend hedged trading. I rarely do it. But I have experience in this area. It's getting the balance right. I won't be trading the Asian gold session anymore, they manipulate the price and manipulate what you can and can't trade. Im out of Asia gold.Note
A lot of resistance at 2600 where price is about to go towards. This 2600 was the zone that failed the 2nd time earlier.
Trade active
Trading active. I am long gold with a short hedge. But don't you do that it's risky if you dont understand it. I think gold is higher as of today Monday. My feelings only. DYRNote
1 caveat I would place on long gold theme is that price is getting veryrejected in the bullish direction.Note
Price bullish a moment ago on the 1hr 55ema crossing up and through 21ema. 200ema is under price on daily but up ahead on top on the 1hr
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SWing that around 21 through 55Note
Dont look at any long positons until at least 2600 is taken. 2nd time today price has rejected Gold around that big order block zone from 2590 - 2605.
Selling pressure is mounting. Price I feel maybe heading lower. But Gold has its ways of propping itself back up after the shorters.
Note
4th attempt now for the 2600 level and sellers will move in for the 4th time. I dont think gold will sustain the next selling wave coming at itNote
I closed down my shorting for the moment. Try and get over this Top 2 at 2600 5th time. Fingers crossed. I won't be shorting this time lolNote
head n shoulders pattern 1m timeframe bearishNote
well im short again. The gruby market makers muppets are at it again. The market wont go higher today. Id say sidewardsNote
Im short but i got even more postions longways. You gotta give it back to these clowns who think they can walk all over retail traders. Fat bankers on 10M plus a year. Crypto is gonna change that. The clowns will get nothing when its all btcusd.Trade closed: target reached
i gave em some stick to let them know we wont be pushovers. Then they gave me some profits.
I think it looks good now past 2600. I dont think they will tank the market now, not after the day we had and if anything you might find theres a small pullback on a Fib and chance to buy a bit more or enter. I think a good move up is still yet to me made.
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