PEPPERSTONE:XAUUSD 1. Mode! via 4H Which mode is the market currently in? —Buy Mode! 2. Execute! via 15M Entry— 2674.48 SL— 2673.48 TP— 2704.48
XAUUSD “Gold” 1. Mode! Which mode is the market currently in? via 1H —Buy Mode! —Sell Mode! 2. Execution! via 5M Once entry candle prints via 1H, prepare to enter the position with the SL in optimal placement! ______ Position: Buyer Limit: 2644.25 SL: 2643.25 TP: 2674.25
I have identified new structure printed. I have thus decided to execute a buy position at the lower extreme of the price range. With the candle now closing bullish at the low, there is probability that price will hold. I aim to hold this position to as far as Friday, if able.
Thesis: EJ has tapped into previous day support. It has since then printed a ‘morning star pattern’ that has been retraced 50% into by the following hour candle which ‘closed bullish’.
KWH's Journal Entry #47 "Timing" A. Which session is being traded? —North America! (8AM-11AM) "Level" B. Which key level is price trading from? —Week Low! "Behavior" C. What behavior is price exhibiting at the key level? —Star! Conditions are met! Place the position where most optimal!
KWH's Journal Entry #46 "Timing" A. Which session is being traded? —North America! (8AM-11AM) "Level" B. Which key level is price trading from? —Week Low "Behavior" C. What behavior is price exhibiting at the key level? —Star! Conditions are met! Place the position where most optimal!
KWH's Journal Entry #44 "Timing" A. Which session is being traded? —North America! (8AM-11AM) "Level" B. Which key level is price trading from? —Equilibrium! "Behavior" C. What behavior is price exhibiting at the key level? —Star! Conditions are met! Place the position where most optimal!
KWH's Journal Entry #44 "Timing" A. Which session is being traded? —North America! (8AM-11AM) "Level" B. Which key level is price trading from? —00! "Behavior" C. What behavior is price exhibiting at the key level? —Engulfing! Conditions are met! Place the position where most optimal!
KWH's Journal Entry #43 "Timing" A. Which session is being traded? —North America! (8AM-11AM) "Level" B. Which key level is price trading from? —00! "Behavior" C. What behavior is price exhibiting at the key level? —W Pattern! (C) Conditions are met! Place the position where most optimal!
King W. Harbmayg’s Journal Entry # “Structure” via 15M A. Define yesterday’s range, expressed in pips! —50 pips! B. How did yesterday's market structure conclude? —unretraced! C. How many pips did the market stop hunt? —25 pips! D. Did price pump up into a local coordinate just prior to session open? —yes! Conditions are met! Place the sell position when...
KWH's Journal Entry #42 "Timing" A. Which session is being traded? —North America! (8AM-11AM) "Level" B. Which key level is price trading from? —50! "Behavior" C. What behavior is price exhibiting at the key level? —M Pattern! (C) Conditions are met! Place the position where most optimal!
King W. Harbmayg’s Journal Entry #40 “Direction” via 1H A. Is price above the 800 EMA? —yes! “Structure” via 15M A. How did yesterday's market structure conclude? —retraced! B. Identify yesterday’s range, expressed in pips! ~50 pips! C. Did price dump down into a local coordinate just prior to session open? —no but it respected the low set before open....
King W. Harbmayg’s Journal Entry #39 “Direction” via 1H A. Is price above the 800 EMA? —yes! “Structure” via 15M A. Did price respect the low of yesterday’s market just prior to session open? —yes! B. Did the market invert from selling to buying pressure? —yes! Conditions are met! Place the buy position when most optimal!
Lesser Position— 1:5 R “Direction” via 1D a. Which phase is the market currently in? (✓) pump phase! as result my 1D bias is long. “Structure” via 15M a. Did yesterday’s market structure close bullish? (✓) yes, thus my 15M bias is long b. Is the market currently in its pump phase? (✓) yes c. Is there a local structural low that a long position can be...
Lesser Position— 1:5 R “Direction” via 1D a. Which phase is the market currently in? (✓) pump phase! as result my 1D bias is long. “Structure” via 15M a. Did yesterday’s market structure close bullish? (✓) yes, thus my 15M bias is long b. Which entry structure(s) has price triggered? (✓) Coordinate! () EMA! c. Is the market currently in its pump...
50 EMA Position— 1:5 R “Direction” via 1D a. Which phase is the market currently in? (✓) pump phase! as result my 1D bias is long. “Structure” via 15M a. Did yesterday’s market structure close bullish? (✓) yes, thus my 15M bias is long b. Which entry structure(s) has price triggered? (✓) 50 EMA! c. Is the market currently in its pump phase? (✓) yes d....
Lesser Position— 1:5 R “Direction” via 1D a. Which phase is the market currently in? (✓) pump phase! (X) dump phase! “Structure” via 15M a. Did the previous day’s market pump higher? (✓) yes, thus my bias is long. b. Has price triggered a support line on the 15M? (✓) yes c. Is the market currently in its pump phase? (✓) yes “Execution” via 1M a....