20 - 24/03/2023 XAUUSD Re-analyse (Reversal/Rejection, Mistaken)
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IMPROVED STYLE 15MIN SCALPING (OLD 2022) VS 1H-D1-W1 SWING (NEW IMPROVED 2023)
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1. SL/TP
*15MIN, SL/TP fix 10-30pips, SL must be dynamic, fix SL/TP easily hunted/early closed, market always changing
*1H-D1-W1, depends on 1H-D1-W1 liquidity pool, more breathing space, liquidity pool coming of the higher TF, are we in fundamental/news coming? or midweek reversal/rejection/continuation is due? if so lock some TP
2. HEDGING
*15MIN, cannot be execute, SL easily hunted up & down, resulted in multiple hedging position BUYSELL at the same time, heavy pressure for traders
*1H-D1-W1, will be 4 positions max at the same time, hedging enabled us to save at least 25% of initial loss, -0.5% will be reduced to -0.35%
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CASE:
1- Monthly: Buy/Sell?
2- Round psychology number 50/00?
3- WeeklyTypicalStructure:
Midweek reversalrejection/continuation?
Buy> S S * B B ? Tues/Wed/Thu entry
Sell> B B * S S ? Tues/Wed/Thu entry
4- PreviousDailyCSPattern:
Buy/Sell first, Sell/Buy at XXX to TP XXX?
5- Fundamental/news coming?
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THE TRADING PLAN
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HOW PRICE BEHAVE AT
WHAT ARE THE PRICE DOING AT
1. High Low Week / High Low Day
-where are we at monthly?
-where are we at previous week?
-what is our weekly bias?
2. Round psychology number 50, 00 & liquidity pool
-round number always hard, so either expect to reject/continue
3. Daily candlestick pattern
-doji
-engulfing
-insidebar
-railroad
4. Typical candlestick structure
-anatomy of candle, price always push to other side first before making real move
4. 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.
ADDITIONAL ELEMENTS TO CONSIDER
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. Pending order, recommended PO at pullback
. Entry timing recommendation
NY 9-12PM GMT+8
. Position size
-0.5% per trade, for normal
-1.0% per trade, for aggressive
. If structure failed
-Wait for 3-5 pushes to next HOD HOW / LOD LOW
IMPROVED STYLE 15MIN SCALPING (OLD 2022) VS 1H-D1-W1 SWING (NEW IMPROVED 2023)
----------------------------------------------------------------------------------------------------
1. SL/TP
*15MIN, SL/TP fix 10-30pips, SL must be dynamic, fix SL/TP easily hunted/early closed, market always changing
*1H-D1-W1, depends on 1H-D1-W1 liquidity pool, more breathing space, liquidity pool coming of the higher TF, are we in fundamental/news coming? or midweek reversal/rejection/continuation is due? if so lock some TP
2. HEDGING
*15MIN, cannot be execute, SL easily hunted up & down, resulted in multiple hedging position BUYSELL at the same time, heavy pressure for traders
*1H-D1-W1, will be 4 positions max at the same time, hedging enabled us to save at least 25% of initial loss, -0.5% will be reduced to -0.35%
----------------------------------------------------------------------------------------------------
CASE:
1- Monthly: Buy/Sell?
2- Round psychology number 50/00?
3- WeeklyTypicalStructure:
Midweek reversalrejection/continuation?
Buy> S S * B B ? Tues/Wed/Thu entry
Sell> B B * S S ? Tues/Wed/Thu entry
4- PreviousDailyCSPattern:
Buy/Sell first, Sell/Buy at XXX to TP XXX?
5- Fundamental/news coming?
----------------------------------------------------------------------------------------------------
THE TRADING PLAN
----------------------------------------------------------------------------------------------------
HOW PRICE BEHAVE AT
WHAT ARE THE PRICE DOING AT
1. High Low Week / High Low Day
-where are we at monthly?
-where are we at previous week?
-what is our weekly bias?
2. Round psychology number 50, 00 & liquidity pool
-round number always hard, so either expect to reject/continue
3. Daily candlestick pattern
-doji
-engulfing
-insidebar
-railroad
4. Typical candlestick structure
-anatomy of candle, price always push to other side first before making real move
4. 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.
ADDITIONAL ELEMENTS TO CONSIDER
----------------------------------------------------------------------------------------------------
. Pending order, recommended PO at pullback
. Entry timing recommendation
NY 9-12PM GMT+8
. Position size
-0.5% per trade, for normal
-1.0% per trade, for aggressive
. If structure failed
-Wait for 3-5 pushes to next HOD HOW / LOD LOW
כתב ויתור
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