MyJournal 15 - 19/01/2024
WINS/LOSSES COMMENTS:
- moved to early,
1) Tuesday, no trade
2) Wed, no trade
3) Thursday, 50% fibo, ADR did move to 130pips early, ready to TP/BE at anytime
-----------------------------------------------------------------------------------------------------------------
FUNDAMENTALS:
a) DXY: CPI last week higher, expect strong dollar, (Wednesday) Waller: "Delay cuts", bullish DXY
b) ECB: ECB cut earlier than FED, weak EU
c) XAU: XAU strong fundamentally, Lobo Tiggre said 2024 bullish gold in all cases
d) Other: -
USD BUY | EU SELL, XAUUSD BEARISH TECHNICALS:
- Last W1 chart bearish engulf, we expect to sell, expect bearish at least to 1.0850
- Weekly typical structure, D1 chart Monday/Tuesday bull to 1.098-1.097
- Weekly typical structure, D1 chart Tues/Wed expect to bear to target
- Weekly typical structure, D1 chart Thurs/Fri expect to bear to target
*check DXY chart to confirm the thesis, 15M chart- Execute, Breakout/Pullback
TAKING POSITION RULES:-
(Ultra conservative)
1) Tuesday, no trade
2) Wednesday, 2nd entry after 1st failed SL
3) Thursday, 2nd entry after 1st failed SL
(Conservative)
1) Tuesday, open only 1 position of all pairs, as weekly structure unconfirm.
2) Wednesday, open 2 positions on Tuesday's losses (if we still expect the same weekly structure). This offers us tighter SL, with greater RR.
3) Thursday, if Wednesday still loss, open another 2 positions on Wed's losses (if we still expect the same weekly structure). Thus, max loss @0.25% x5 = -1.25%, if -6%, still need 5 straight week loss.
ADDITIONAL BIAS:
a) Round psychology number 50/00
b) WeeklyTypicalStructure:
-anatomy of candle, price always push to other side first before making real move
-midweek reversalrejection/continuation > BuyBuy*SellSell / SellSell*BuyBuy
c) Daily Candlestick Pattern: doji, engulfing, insidebar/railroad
d) TakeProfit TP / StopLoss SL
Depends on:
-fundamentally / what are the news saying
-liqiudity pool at Daily/Weekly/Monthly where
-averageDailyRange ADR
-catch explosive move only if direction align with weekly high low bias.
Eg. Previous day was bullish doji at daily support & it is mid of the week, do catch today explosive move to next weekly liquidity pool.
e) Entry timing recommendation
-session LONDON, NY 9-12PM GMT+8
f) Entry with discount price, use fib
- moved to early,
1) Tuesday, no trade
2) Wed, no trade
3) Thursday, 50% fibo, ADR did move to 130pips early, ready to TP/BE at anytime
-----------------------------------------------------------------------------------------------------------------
FUNDAMENTALS:
a) DXY: CPI last week higher, expect strong dollar, (Wednesday) Waller: "Delay cuts", bullish DXY
b) ECB: ECB cut earlier than FED, weak EU
c) XAU: XAU strong fundamentally, Lobo Tiggre said 2024 bullish gold in all cases
d) Other: -
USD BUY | EU SELL, XAUUSD BEARISH TECHNICALS:
- Last W1 chart bearish engulf, we expect to sell, expect bearish at least to 1.0850
- Weekly typical structure, D1 chart Monday/Tuesday bull to 1.098-1.097
- Weekly typical structure, D1 chart Tues/Wed expect to bear to target
- Weekly typical structure, D1 chart Thurs/Fri expect to bear to target
*check DXY chart to confirm the thesis, 15M chart- Execute, Breakout/Pullback
TAKING POSITION RULES:-
(Ultra conservative)
1) Tuesday, no trade
2) Wednesday, 2nd entry after 1st failed SL
3) Thursday, 2nd entry after 1st failed SL
(Conservative)
1) Tuesday, open only 1 position of all pairs, as weekly structure unconfirm.
2) Wednesday, open 2 positions on Tuesday's losses (if we still expect the same weekly structure). This offers us tighter SL, with greater RR.
3) Thursday, if Wednesday still loss, open another 2 positions on Wed's losses (if we still expect the same weekly structure). Thus, max loss @0.25% x5 = -1.25%, if -6%, still need 5 straight week loss.
ADDITIONAL BIAS:
a) Round psychology number 50/00
b) WeeklyTypicalStructure:
-anatomy of candle, price always push to other side first before making real move
-midweek reversalrejection/continuation > BuyBuy*SellSell / SellSell*BuyBuy
c) Daily Candlestick Pattern: doji, engulfing, insidebar/railroad
d) TakeProfit TP / StopLoss SL
Depends on:
-fundamentally / what are the news saying
-liqiudity pool at Daily/Weekly/Monthly where
-averageDailyRange ADR
-catch explosive move only if direction align with weekly high low bias.
Eg. Previous day was bullish doji at daily support & it is mid of the week, do catch today explosive move to next weekly liquidity pool.
e) Entry timing recommendation
-session LONDON, NY 9-12PM GMT+8
f) Entry with discount price, use fib
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.