Hello, I was saying all week that the USDX was going to be strong in it's recovery from selling off the past few weeks. I didn't think the economic data was all that bad during Friday, I think the damage set-in once the USDX started to rally on the retest and close above 101.50. As the NY session opened on Friday I saw a lot selling of the Gold-price as the...
Yes gold is bullish, yes I sold gold, yes I took 2 losses, Yes I am still in profit at the end of the day. The more I grow as a trader the more I realize that it is much more about what decisions you make as opposed to just what trades you take. Yes the trades you take are important but ultimately you have to make a decision to take that trade in the first...
As much as I want to tell you that there is some magic set up that works for me, Unfortunately I cannot because there isn't. The more I look at my own trading over the many years that I've been doing this. It literally boils down to probabilities. What is the probability that X will happen if Y happened. This is literally how I process everything and as you...
Looking for sells on gold based on the hourly timeframe - the whole point of the play is that we want to see a liqudity grab up first, once we have that we can look for sells on the BREAK OF THE LOWS! We should ONLY take a sell in this scenario otherwise we risk price going for ATH again causing us to take a bigger loss. Stop loss will be at ATH
There is a potential trend reversal on the 1 hour timeframe. Stop loss: 2394.645 Take profit: 2360.45
Gold being raged to make its new high 22160's now in the projection of breaking down of the analysis, in other to decipher apt analysis to bolster up more confluences for theb next liquidity sweep
GOLD look very short. For me we back to the Support. Today is first Friday of Month therefore very careful
At market close, price has closed below 50% of the 3/13/23 D B FVG, but price is in the top 50% of the 3/17/23 4H B FVG. PLUS price closed with a bearish engulfing on the 8H. Since price is in a downtrend I am looking for price to continue down another 300 pips to the 2023 yearly open. Depending on the type of trader you are I see 3 possible entries from where...
Looking for Gold to continue bearish when market opens. Price is currently wicking and refusing to go higher at market close on Friday. There is a 4H liquidity zone where price is refusing to break. I'm expecting a 4H sell fractal to print after market opens. Lets see what happens
With the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe. Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for...
Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...
With sells still being the primary bias, we can look for sells at 1901 down to a potential 1895 where we may see rejection and price bounce towards the 1920 level. I wouldn't be taking sells during asia session purely down to the fact it's unlikely we have volatility given no news from the US yesterday but anything can happen in these markets.
overall compared to last friday not much has changed on the daily timeframe. We have a weak bullish candle print to close the week off, despite a pump from the news released on Friday price continued to make it's way down and overall the target remains the same as what we saw on the weekly, expecting a liquidity grab at 1870 before price bounces and moves back up....
Another bearish week, another closure below a key level on the weekly. The close below 1917.318 is key because this was a previous level of support when looking back over the past 3 years. With this in mind, when we have seen the weekly candle close below this level there is a high probability of price driving down to 1873, with some resistance at the 1900 level...
Gold closed below the 1922.62 support level - in the past when price has closed below here we see price tap 1903 With this in mind, the most optimal trade entry would be taking a sell at 1927 - why? because if you look at price action in the past, there is always a tap on that price level as price moves down and we haven't seen that yet. Keep in mind we have...
Looking at further sells predominantly on the 5 minute timeframe, easy scalp for 10-20 pips with stop loss greater than the current range. Previous trade we got stopped out at break even so this could be a second try at price making its way out of the range towards the next level.
Looking for a quick scalp as gold continues to trend down during London session, sell stop set at the level indicated in the chart 1930.268 and we will ride this down ideally towards 1928, Stop loss will be the most recent high.
We are currently in a tricky range, despite price looking heavily bullish on the lower timeframes I would be cautious as price is known to reject and range within this area Look for trades outside of this range and we can see a much clearer picture on where price wants to go and take trades based on that Patience pays.