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.
Nota
Starting to look short now for falls.Nota
Out at early Pa zones 2008. Looking to re short now.Nota
Get Short for second round.Nota
Exit again for gains.Nota
Remember often prices need to take out the first line of support usually HARSH sentiment needed for this followed by further downtrend on lower tfsNota
Looking short into this week.Nota
Exit shortsNota
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.Nota
Short Higher 2030Nota
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.Nota
Further shorts coming on higher push 2045.Nota
Should now be at full entry short.Nota
Exit 1 looking 2010Nota
Oh and make sure you're not a buyer.Nota
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 newsNota
Markets now fallingNota
Make sure DCA plans are also in order IF you do beat highs. This is why one does not load in and get creamed.Nota
Gains taken on fall. Looking to RE shortNota
Re shorts coming around 2033Nota
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 fallNota
Slammed down for gains. Look to EXTREMELY lightly long if you want to hedge.Nota
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.Nota
Exit light longs.Nota
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.Nota
Market Very lacklustre No longs until 1966. Shorts come RE hit on 2035Nota
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 areaNota
Make sure you are out of all shorts.Nota
And that is why you EXIT. because prices will bounce at early PANota
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.Nota
Exit any re shorts taken. Light longs come far lower.
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Notice how we are trading in stages (various exits)Nota
Shorts Circa 2045Nota
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 1996Nota
further later shorts circa 2030 again lightNota
Short nowNota
exit shortsNota
Market still pending large sentiment shift. Any pushes up remain short IN channel, same for longs circa 2005Nota
Exit all shorts.Nota
Re shorting pushes up.Nota
Fall well under way and out for gains. Re long 1920.
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Posts Not financial advice.
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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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.