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.
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Starting to look short now for falls.ملاحظة
Out at early Pa zones 2008. Looking to re short now.ملاحظة
Get Short for second round.ملاحظة
Exit again for gains.ملاحظة
Remember often prices need to take out the first line of support usually HARSH sentiment needed for this followed by further downtrend on lower tfsملاحظة
Looking short into this week.ملاحظة
Exit shortsملاحظة
Some short side gains taken no real sentiment / impetus for a smash through early PA.Looking to re short anything 2030^
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Light Hedges 1966.ملاحظة
Short Higher 2030ملاحظة
Tonnes of news coming tomorrow regarding US and global data.Do not guess news events just await impulse moves for entries.
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Starting to look to scale in short.ملاحظة
Further shorts coming on higher push 2045.ملاحظة
Should now be at full entry short.ملاحظة
Exit 1 looking 2010ملاحظة
Oh and make sure you're not a buyer.ملاحظة
Tomorrow comes USA Retail Sales. Just remember you should NOT be loading in. You should be SCALING in.
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Still teetering... Await US newsملاحظة
Markets now fallingملاحظة
Make sure DCA plans are also in order IF you do beat highs. This is why one does not load in and get creamed.ملاحظة
Gains taken on fall. Looking to RE shortملاحظة
Re shorts coming around 2033ملاحظة
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 fallملاحظة
Slammed down for gains. Look to EXTREMELY lightly long if you want to hedge.ملاحظة
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.ملاحظة
Exit light longs.ملاحظة
Targets hit both sides. Exit out and look for new plans come Monday London session.Peace out
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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.ملاحظة
Market Very lacklustre No longs until 1966. Shorts come RE hit on 2035ملاحظة
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
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Any longs must be mini scalp longs... otherwise relax until 1950 areaملاحظة
Make sure you are out of all shorts.ملاحظة
And that is why you EXIT. because prices will bounce at early PAملاحظة
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.
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Looking for RE shorts as we rise and as per stream.ملاحظة
Exit any re shorts taken. Light longs come far lower.
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Notice how we are trading in stages (various exits)ملاحظة
Shorts Circa 2045ملاحظة
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 1996ملاحظة
further later shorts circa 2030 again lightملاحظة
Short nowملاحظة
exit shortsملاحظة
Market still pending large sentiment shift. Any pushes up remain short IN channel, same for longs circa 2005ملاحظة
Exit all shorts.ملاحظة
Re shorting pushes up.ملاحظة
Fall well under way and out for gains. Re long 1920.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.