
07 Aug Gold 2021 Week 32 Trading Plan
#FinÂtwit #OrderÂflow #dayÂtradÂing #dayÂtrade #forex #FX #tradeÂplan #tradÂingÂplan #tradÂingÂforex #tradÂinglifestyle #dayÂtraderÂlife #Gold #XAUUSD
This is my weekÂly outÂlook on GOLD. The levÂels that I will be lookÂing at with a highÂer probÂaÂbilisÂtic chance the marÂket will start reactÂing. DurÂing the sesÂsion I then wait for the marÂket to hit those levÂels and either conÂfirm or reject my bias through price action conÂfirÂmaÂtion and order flow. I hope that makes sense. If not, please get in touch with me. I love to talk to peoÂple that are on the same path as me. So don’t be shy and reach out.

MonthÂly — Bearish
- MN QHi rejectÂed mulÂtiÂple times
- Last month closed withÂin MN conÂsolÂiÂdaÂtion although closed below 50% mark
- Price reactÂed off MN-C‑S 1813.276 and is tradÂing below last month’s body and range
WeekÂly — Bearish
- W1 conÂsolÂiÂdaÂtion and Bear Engulf finÂishÂer at MN-C‑S 1813.276 with price closÂing withÂin W1-C‑D 1781.434
- Price tradÂing mid W1 swing after QHi rejecÂtion with no arrival at QLo (yet)
DaiÂly — Bearish
- D1 DBD and folÂlow-through arrivÂing and closÂing withÂin D1-C‑D 1769.224
- D1 Phase 4
- Price tradÂing withÂin D1 QLo
SenÂtiÂment sumÂmaÂry — Bearish
- Price made a low below last month’s body and range
- W1 showed a strong finÂishÂer from conÂsolÂiÂdaÂtion closÂing withÂin W1 demand
- D1 extendÂed on highÂer momenÂtum closÂing lower
AddiÂtionÂal notes
- N.A.
ZOIs for PosÂsiÂble Shorts
- W1-C‑S 1888.863
- D1-C‑S 1826.301
- MN-C‑S 1813.276
ZOIs for PosÂsiÂble Long
- W1-C‑D 1781.434
- D1-C‑D 1769.224
Focus Points for tradÂing development
- MonthÂly Goals
- No momenÂtum trades on Non-Farm Fridays
- Total of 13 trades by the end of the month
- WeekÂly Goal
- WeekÂly Focus Points
- Min. 3 times workÂing out at home + mandaÂtoÂry cardio
- TradÂing rules
- Focus on takÂing ONE trade a day. If I missed the first DTTZ then a trade needs to be takÂen on the 2nd DTTZ unless there is a high/medium iniÂtiaÂtive activÂiÂty day.
- Only price-action based exit rules (or if hit time stop comes earlier)
- M15/M30 entries and exits at 1st DTTZ, M5 entries and exits at 2nd DTTZ
- Buffer trades (profÂit tarÂget >1R) are allowed and encouraged
- Use SL scalÂing in case the profÂit tarÂget for the setÂup doesn’t proÂvide 2R for examÂple for FA or VAA setups
- No social media / mesÂsenÂger apps / phone calls allowed durÂing the tradÂing window
- WeekÂly Focus Points
- Risk ManÂageÂment
- WithÂout forcÂing a trade: aim to take 1 trade a day, if posÂsiÂble 2.
- CapÂiÂtal PreserÂvaÂtion durÂing drawÂdown allows for 1R profit-taking
- 2 conÂsecÂuÂtive days of lack of sleep = NO TRADING