15 - 19/11/2021 XAUUSD Re-analyse
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COMMENTARY
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What to improve.
1. Number #1 the most important is highs & lows daily weekly
Eg.
PREVIOUS WEEK, 2 week straight BULLISH
THIS WEEK, 3rd week probably will do the retracement of the month
MONDAY, TUESDAY, WED - Maybe will BULLISH to 1875-80 level
WEDNESDAY, THURSDAY, FRI - BEARISH to 1860-40 level
2. Use Fibonacci 61, 78
3. TP guide
75-100pips if trades open >1 session
>100pips always occurred within 1 session spike
See Highs Lows, depends on liquid pool
4. Scale up the same week
-If the week if up by >5, risk more on high probability trades, 1-3% per trade
-See daily weekly chart , if previous day offer
a) Engulf, Pinbar , Railroad
b) LOW/HOW
c) Explosive move on real direction, then trade align with the pullback/retracement
COMMENTARY
----------------------------------------------------------------------------------------------------
What to improve.
1. Number #1 the most important is highs & lows daily weekly
Eg.
PREVIOUS WEEK, 2 week straight BULLISH
THIS WEEK, 3rd week probably will do the retracement of the month
MONDAY, TUESDAY, WED - Maybe will BULLISH to 1875-80 level
WEDNESDAY, THURSDAY, FRI - BEARISH to 1860-40 level
2. Use Fibonacci 61, 78
3. TP guide
75-100pips if trades open >1 session
>100pips always occurred within 1 session spike
See Highs Lows, depends on liquid pool
4. Scale up the same week
-If the week if up by >5, risk more on high probability trades, 1-3% per trade
-See daily weekly chart , if previous day offer
a) Engulf, Pinbar , Railroad
b) LOW/HOW
c) Explosive move on real direction, then trade align with the pullback/retracement
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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.
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.