Short

Updated

XAUUSD And The Factual Trader

So here we are again,

Landing at highs on impulsive Gold moves. Times like this bring opportunity for traders who are ready for them and understand the overall natural/long term flow of any market and the movement between buyers and sellers.

Remove your brain from everything you already know and just look at these two points;

- When prices get too high, traders pull out, demand drops, the price comes down.

- When prices get too low, traders buy in, demand increases, the price comes up.

It's just simple economics and trading inline with that principle means that you are going to be trading inline with how the markets always have and always ever will be. In fact, its not just this market, its the car market, the fruit market, the clothes market. You name it, its price swings from higher to lower based on demand.

So when you return back to HIGH prices that you've seen before, ask yourself, why would I buy?

If the voice inside your head said, but Will, what if it goes higher? Then it's a good idea to reply swiftly with it MIGHT go higher, but you sure have a lot of room to the downside first. It's very true it COULD extend into previous highs further but ultimately, inline with the above, it will fall eventually.

Use DCA rules and keep sizes tight to your equity. If you over-leverage on high prices thinking you are the king of all monster falls you will get burnt. So trade lightly and scale in at levels you know are factually high and you've seen have humungous falls from before.

That is how to understand the state of Gold.

Note

Starting to look short now for falls.

Note

Out at early Pa zones 2008. Looking to re short now.

Note

Get Short for second round.

Note

Exit again for gains.

Note

Remember often prices need to take out the first line of support usually HARSH sentiment needed for this followed by further downtrend on lower tfs

Note

Looking short into this week.

Note

Exit shorts

Note

Some short side gains taken no real sentiment / impetus for a smash through early PA.

Looking to re short anything 2030^

Note

Light Hedges 1966.

Note

Short Higher 2030

Note

Tonnes of news coming tomorrow regarding US and global data.

Do not guess news events just await impulse moves for entries.

Note

Starting to look to scale in short.

Note

Further shorts coming on higher push 2045.

Note

Should now be at full entry short.

Note

Exit 1 looking 2010

Note

Oh and make sure you're not a buyer.

Note

Tomorrow comes USA Retail Sales.

Just remember you should NOT be loading in. You should be SCALING in.

Note

Still teetering... Await US news

Note

Markets now falling

Note

Make sure DCA plans are also in order IF you do beat highs. This is why one does not load in and get creamed.

Note

Gains taken on fall. Looking to RE short

Note

Re shorts coming around 2033

Note

Exit any re shorts if you got them another smasher fall. ONLY looking to re short on higher pops and not interested in longs unless we can see a significant fall

Note

Slammed down for gains. Look to EXTREMELY lightly long if you want to hedge.

Note

Closing out for the weekend if you are not so experienced then its far too early to buy. get to 1966 area for light longs.

Note

Exit light longs.

Note

Targets hit both sides. Exit out and look for new plans come Monday London session.

Peace out

Note

Make sure this weekend you are reading all posts and streams on gold made by me. There’s loads to learn and to be prepared for come Monday.

Note

Market Very lacklustre No longs until 1966. Shorts come RE hit on 2035

Note

As mentioned in streams and posts often after rash moves you get a period of slow and calm.. followed by more movement.

Let the markets move

Note

Any longs must be mini scalp longs... otherwise relax until 1950 area

Note

Make sure you are out of all shorts.

Note

And that is why you EXIT. because prices will bounce at early PA

Note

So todays lesson(s) Falling to early PA with 0 sentiment leads to 'algo' type moves.

We can look to re short higher. Updates to come.

Note

Looking for RE shorts as we rise and as per stream.

Note

Exit any re shorts taken.

Light longs come far lower.

Note

Notice how we are trading in stages (various exits)

Note

Shorts Circa 2045

Note

NOTE the early PA zones hit (poor reaction) Via candle wicks.

This is why we short higher as margin gets tighter.

Room needed.

Note

Early light shorts can go in 1996

Note

further later shorts circa 2030 again light

Note

Short now

Note

exit shorts

Note

Market still pending large sentiment shift. Any pushes up remain short IN channel, same for longs circa 2005

Note

Exit all shorts.

Note

Re shorting pushes up.

Note

Fall well under way and out for gains. Re long 1920.

WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Also on:

Disclaimer

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.

WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Also on: