EJ let's see how it goes. TP is was too ambitious but can always trail SL and see how it goes.
This is what Im seeing on US30 2 areas to enter if market keeps going down and 2 areas to enter on move up. May change on Monday.
This is where I see Market right now. It's Sunday markets open at 6 so things are subject to change on Monday. But overall Gold is headed down.
This is what I see right now. Subject to change after market opens tonight. Expecting a retrace to get liquidity and close some IMB's then continue back down.
Maybe off on my labels of the Wyckoff Schematic but the idea I think is still valid. It's a distribution. Several Areas for short and several Unmitigated areas
I loved this markup because it shows me I'm thinking better about charting and WHY a move is made. So This played out nice. I think it will still clear a bit more liquidity at the top before heading back down IF the downward trend is over this is a good place to go higher. There was several OB's unmitigated that got filled the last 2 days. After the news drop it...
Gold didn't go as low as I would have liked but the short sell it made was good. Waiting for the low for the buy move off the OB but there is an Imbalance (IMB) at top that Gold my go to to mitigate that area. Wyckoff Schematic that BOS to confirm move. BUT took a while for confirmation to come for down move. Best view on 1M but can't do 1M here. If...
There was so many Wyckoff Spring entries today (pink) along with unmitigated areas and liquidity created. Yesterday was a good day also with Wyckoff.
Perfect Wyckoff Distribution that went down today.
I think I labeled it correctly. Waiting to see if it drops.
Today I followed Structure using Wyckoff, Accumulation, Distribution etc. My chart looks messy but All moves were caught with patiences, following price and structure Since switching to Wyckoff Methods I've been more successful with Order Entries, Minimal Stop Loss risks, thus minimal draw downs when they occur and good profits. This was all done in demo. That...
Learning Wyckoff so may not have all the labels correct. Only issues is the SL is too high but best I could do on 1M TF.
This is an idea using smart money. Only for educational purposes and testing. DO NOT TRADE.