XAUUSD Revision Wednesday, 18 December 2024
Hello Nation!
This is my first post. My intention here is just spend some time to look back at what Gold did today. I will try very best to do this repeated daily.
Firstly, i am scalper. I trade using SNR and breakouts method. I would also plan my trades from higher timeframes. But this ‘Revision’ I will just focus on H1 and M15. I am just be sharing my views on what had happened and how i could have navigated the markets with my entries.
Let’s start from the market open at 2651. Price went bullish touching the H1 SBR area. It respected that area and pushes down towards the H1 Support.
A Strong Bullish reaction from the H1 support, Price return to M15 Box area which i had marked.
For me, A rejection from the m15 box is a hint for sell. Usually M1, will be my entry Timeframe. But as i had mentioned, i will only focus on H1 and M15 here.
I had marked my 1st sell Position. Risk 30 Pips, TP 100 Pips.
Moving down further, the previous H1 support was broken and it became a possible Resistance.
Again, I marked the m15 SBR with a box. Wait for price to return into the box area.
Similarly like the Previous Sell entry, several rejections can be spotted which can be a strong hint for a sell entry.
I had mark the 2nd Sell Position for you to see clearly. Risk 30 PiPs and TP 100 Pips.
To conclude, Gold was a beautiful Sell today. I hope you did well for yourself today. Maybe in writing these notes, i get to revise and also improve myself as a trader.
Thank you for reading! And Goodbye.
This is my first post. My intention here is just spend some time to look back at what Gold did today. I will try very best to do this repeated daily.
Firstly, i am scalper. I trade using SNR and breakouts method. I would also plan my trades from higher timeframes. But this ‘Revision’ I will just focus on H1 and M15. I am just be sharing my views on what had happened and how i could have navigated the markets with my entries.
Let’s start from the market open at 2651. Price went bullish touching the H1 SBR area. It respected that area and pushes down towards the H1 Support.
A Strong Bullish reaction from the H1 support, Price return to M15 Box area which i had marked.
For me, A rejection from the m15 box is a hint for sell. Usually M1, will be my entry Timeframe. But as i had mentioned, i will only focus on H1 and M15 here.
I had marked my 1st sell Position. Risk 30 Pips, TP 100 Pips.
Moving down further, the previous H1 support was broken and it became a possible Resistance.
Again, I marked the m15 SBR with a box. Wait for price to return into the box area.
Similarly like the Previous Sell entry, several rejections can be spotted which can be a strong hint for a sell entry.
I had mark the 2nd Sell Position for you to see clearly. Risk 30 PiPs and TP 100 Pips.
To conclude, Gold was a beautiful Sell today. I hope you did well for yourself today. Maybe in writing these notes, i get to revise and also improve myself as a trader.
Thank you for reading! And Goodbye.
If you like what you see, grant me a follow and blast me a boost. Do share your thoughts in the comments.
Catch my videos on Instagram and TikTok.
They are mainly about how i got into my entries.
linktr.ee/TraderMann
Catch my videos on Instagram and TikTok.
They are mainly about how i got into my entries.
linktr.ee/TraderMann
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