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.
Uwaga
Starting to look short now for falls.Uwaga
Out at early Pa zones 2008. Looking to re short now.Uwaga
Get Short for second round.Uwaga
Exit again for gains.Uwaga
Remember often prices need to take out the first line of support usually HARSH sentiment needed for this followed by further downtrend on lower tfsUwaga
Looking short into this week.Uwaga
Exit shortsUwaga
Some short side gains taken no real sentiment / impetus for a smash through early PA.Looking to re short anything 2030^
Uwaga
Light Hedges 1966.Uwaga
Short Higher 2030Uwaga
Tonnes of news coming tomorrow regarding US and global data.Do not guess news events just await impulse moves for entries.
Uwaga
Starting to look to scale in short.Uwaga
Further shorts coming on higher push 2045.Uwaga
Should now be at full entry short.Uwaga
Exit 1 looking 2010Uwaga
Oh and make sure you're not a buyer.Uwaga
Tomorrow comes USA Retail Sales. Just remember you should NOT be loading in. You should be SCALING in.
Uwaga
Still teetering... Await US newsUwaga
Markets now fallingUwaga
Make sure DCA plans are also in order IF you do beat highs. This is why one does not load in and get creamed.Uwaga
Gains taken on fall. Looking to RE shortUwaga
Re shorts coming around 2033Uwaga
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 fallUwaga
Slammed down for gains. Look to EXTREMELY lightly long if you want to hedge.Uwaga
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.Uwaga
Exit light longs.Uwaga
Targets hit both sides. Exit out and look for new plans come Monday London session.Peace out
Uwaga
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.Uwaga
Market Very lacklustre No longs until 1966. Shorts come RE hit on 2035Uwaga
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
Uwaga
Any longs must be mini scalp longs... otherwise relax until 1950 areaUwaga
Make sure you are out of all shorts.Uwaga
And that is why you EXIT. because prices will bounce at early PAUwaga
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.
Uwaga
Looking for RE shorts as we rise and as per stream.Uwaga
Exit any re shorts taken. Light longs come far lower.
Uwaga
Notice how we are trading in stages (various exits)Uwaga
Shorts Circa 2045Uwaga
NOTE the early PA zones hit (poor reaction) Via candle wicks.This is why we short higher as margin gets tighter.
Room needed.
Uwaga
Early light shorts can go in 1996Uwaga
further later shorts circa 2030 again lightUwaga
Short nowUwaga
exit shortsUwaga
Market still pending large sentiment shift. Any pushes up remain short IN channel, same for longs circa 2005Uwaga
Exit all shorts.Uwaga
Re shorting pushes up.Uwaga
Fall well under way and out for gains. Re long 1920.
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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.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.