XAUUSD And The Factual Trader
So here we are again,
Landing at highs on impulsive Gold moves. Times like this bring opportunity for traders who are ready for them and understand the overall natural/long term flow of any market and the movement between buyers and sellers.
Remove your brain from everything you already know and just look at these two points;
- When prices get too high, traders pull out, demand drops, the price comes down.
- When prices get too low, traders buy in, demand increases, the price comes up.
It's just simple economics and trading inline with that principle means that you are going to be trading inline with how the markets always have and always ever will be. In fact, its not just this market, its the car market, the fruit market, the clothes market. You name it, its price swings from higher to lower based on demand.
So when you return back to HIGH prices that you've seen before, ask yourself, why would I buy?
If the voice inside your head said, but Will, what if it goes higher? Then it's a good idea to reply swiftly with it MIGHT go higher, but you sure have a lot of room to the downside first. It's very true it COULD extend into previous highs further but ultimately, inline with the above, it will fall eventually.
Use DCA rules and keep sizes tight to your equity. If you over-leverage on high prices thinking you are the king of all monster falls you will get burnt. So trade lightly and scale in at levels you know are factually high and you've seen have humungous falls from before.
That is how to understand the state of Gold.
Landing at highs on impulsive Gold moves. Times like this bring opportunity for traders who are ready for them and understand the overall natural/long term flow of any market and the movement between buyers and sellers.
Remove your brain from everything you already know and just look at these two points;
- When prices get too high, traders pull out, demand drops, the price comes down.
- When prices get too low, traders buy in, demand increases, the price comes up.
It's just simple economics and trading inline with that principle means that you are going to be trading inline with how the markets always have and always ever will be. In fact, its not just this market, its the car market, the fruit market, the clothes market. You name it, its price swings from higher to lower based on demand.
So when you return back to HIGH prices that you've seen before, ask yourself, why would I buy?
If the voice inside your head said, but Will, what if it goes higher? Then it's a good idea to reply swiftly with it MIGHT go higher, but you sure have a lot of room to the downside first. It's very true it COULD extend into previous highs further but ultimately, inline with the above, it will fall eventually.
Use DCA rules and keep sizes tight to your equity. If you over-leverage on high prices thinking you are the king of all monster falls you will get burnt. So trade lightly and scale in at levels you know are factually high and you've seen have humungous falls from before.
That is how to understand the state of Gold.
Catatan
Starting to look short now for falls.Catatan
Out at early Pa zones 2008. Looking to re short now.Catatan
Get Short for second round.Catatan
Exit again for gains.Catatan
Remember often prices need to take out the first line of support usually HARSH sentiment needed for this followed by further downtrend on lower tfsCatatan
Looking short into this week.Catatan
Exit shortsCatatan
Some short side gains taken no real sentiment / impetus for a smash through early PA.Looking to re short anything 2030^
Catatan
Light Hedges 1966.Catatan
Short Higher 2030Catatan
Tonnes of news coming tomorrow regarding US and global data.Do not guess news events just await impulse moves for entries.
Catatan
Starting to look to scale in short.Catatan
Further shorts coming on higher push 2045.Catatan
Should now be at full entry short.Catatan
Exit 1 looking 2010Catatan
Oh and make sure you're not a buyer.Catatan
Tomorrow comes USA Retail Sales. Just remember you should NOT be loading in. You should be SCALING in.
Catatan
Still teetering... Await US newsCatatan
Markets now fallingCatatan
Make sure DCA plans are also in order IF you do beat highs. This is why one does not load in and get creamed.Catatan
Gains taken on fall. Looking to RE shortCatatan
Re shorts coming around 2033Catatan
Exit any re shorts if you got them another smasher fall. ONLY looking to re short on higher pops and not interested in longs unless we can see a significant fallCatatan
Slammed down for gains. Look to EXTREMELY lightly long if you want to hedge.Catatan
Closing out for the weekend if you are not so experienced then its far too early to buy. get to 1966 area for light longs.Catatan
Exit light longs.Catatan
Targets hit both sides. Exit out and look for new plans come Monday London session.Peace out
Catatan
Make sure this weekend you are reading all posts and streams on gold made by me. There’s loads to learn and to be prepared for come Monday.Catatan
Market Very lacklustre No longs until 1966. Shorts come RE hit on 2035Catatan
As mentioned in streams and posts often after rash moves you get a period of slow and calm.. followed by more movement.Let the markets move
Catatan
Any longs must be mini scalp longs... otherwise relax until 1950 areaCatatan
Make sure you are out of all shorts.Catatan
And that is why you EXIT. because prices will bounce at early PACatatan
So todays lesson(s) Falling to early PA with 0 sentiment leads to 'algo' type moves.We can look to re short higher. Updates to come.
Catatan
Looking for RE shorts as we rise and as per stream.Catatan
Exit any re shorts taken. Light longs come far lower.
Catatan
Notice how we are trading in stages (various exits)Catatan
Shorts Circa 2045Catatan
NOTE the early PA zones hit (poor reaction) Via candle wicks.This is why we short higher as margin gets tighter.
Room needed.
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Early light shorts can go in 1996Catatan
further later shorts circa 2030 again lightCatatan
Short nowCatatan
exit shortsCatatan
Market still pending large sentiment shift. Any pushes up remain short IN channel, same for longs circa 2005Catatan
Exit all shorts.Catatan
Re shorting pushes up.Catatan
Fall well under way and out for gains. Re long 1920.
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Posts Not financial advice.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.