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.
הערה
Starting to look short now for falls.הערה
Out at early Pa zones 2008. Looking to re short now.הערה
Get Short for second round.הערה
Exit again for gains.הערה
Remember often prices need to take out the first line of support usually HARSH sentiment needed for this followed by further downtrend on lower tfsהערה
Looking short into this week.הערה
Exit shortsהערה
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.הערה
Short Higher 2030הערה
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.הערה
Further shorts coming on higher push 2045.הערה
Should now be at full entry short.הערה
Exit 1 looking 2010הערה
Oh and make sure you're not a buyer.הערה
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 newsהערה
Markets now fallingהערה
Make sure DCA plans are also in order IF you do beat highs. This is why one does not load in and get creamed.הערה
Gains taken on fall. Looking to RE shortהערה
Re shorts coming around 2033הערה
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 fallהערה
Slammed down for gains. Look to EXTREMELY lightly long if you want to hedge.הערה
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.הערה
Exit light longs.הערה
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.הערה
Market Very lacklustre No longs until 1966. Shorts come RE hit on 2035הערה
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 areaהערה
Make sure you are out of all shorts.הערה
And that is why you EXIT. because prices will bounce at early PAהערה
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.הערה
Exit any re shorts taken. Light longs come far lower.
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Notice how we are trading in stages (various exits)הערה
Shorts Circa 2045הערה
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 1996הערה
further later shorts circa 2030 again lightהערה
Short nowהערה
exit shortsהערה
Market still pending large sentiment shift. Any pushes up remain short IN channel, same for longs circa 2005הערה
Exit all shorts.הערה
Re shorting pushes up.הערה
Fall well under way and out for gains. Re long 1920.
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Posts Not financial advice.
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.
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.
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.