How To Rodeo The XAUUSD Bull

21 de abr. de 2023

Hey Traders,

So Gold is still meandering around previous high and stalling on minor falls. We looked short and knew that we would like to exit at these early levels because there is no smasher sentiment pulling the market down.

That fact still remains and may be changed by several Red Tag events that are imbounding. It's important to remember that levels often need to be broken individually if there is no clear reason for the market to get thumped right now. That is what causes a sustained rally over time that keeps going up and up. Light longs at very early PA levels are suitable for hedge Traders alike myself, because they offer breathing space.

Going forward, re shorts at highs and trading within Mid-Long Term down move that comes after an enormous rise in price is very ideal. Remember, we are not looking for a pinpoint gold price. We are looking for an AREA. Nobody will guess the exact price down to the .cent every single time and it is not your job as a profitable Trader to do so. As a trader in the correct mindset, you are looking for value. Value is your number one goal and buying high will not get it. Only selling short at high prices will get this because that is the only way to get a higher value for your gold contracts.

The reason for any hedge longs being light is because the value of your gold contracts to the long side is low, hence a lower size. If we fall even lower to more Key PA levels, then you can adjust your size accordingly because you'll have more longside value. It's all about changing your size based on the value of the market, be it high or low. Both are tradeable with risk plans.

Trade small and trade safe.

21 de abr. de 2023

Nota

Still need it lower. Early PA remains weak.