Gold 2021 Week 45 Trading Plan - Bear Market Trader
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Gold 2021 Week 45 Trading Plan

Gold 2021 Week 45 Trading Plan

#Fin­twit #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #Gold #XAUUSD 

This is my week­ly out­look on GOLD. The lev­els that I will be look­ing at with a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my bias through price action con­fir­ma­tion and order flow. I hope that makes sense. If not, please get in touch with me. I love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

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Month­ly — Bearish

  • Mul­ti­ple MN QHi rejections
  • Price retraced to MN-C‑S 1813.621 (MN Evening Star) and closed as an Inside Bar with longer sell­ing wick
  • Price trad­ing above MN-C‑S 1813.621 but still long to go till the end of the month

Week­ly — Bullish

  • W1 QLo reject­ed with no arrival at W1 QHi (yet)
  • Last week closed as a W1 RBR giv­ing W1-C‑D 1794.045 BASE then clos­ing on its high with­in W1-C‑S 1807.771
  • W1 Sup­ply still intact, end at W1 Sup­ply End 1834.351 but no rever­sal pat­tern print­ed (yet)

Dai­ly — Bullish

  • D1 Bull Engulf giv­ing D1-C‑D 1786.045 with con­tin­u­a­tion high­er tak­ing out D1 sup­ply clos­ing with­in D1 QHi
  • No arrival at D1-C‑S 1826.648 (yet)

Sen­ti­ment sum­ma­ry — Bullish

  • Price retraced to MN Evening Star sup­ply which could be a rever­sal sign although too ear­ly into the month
  • W1 closed on its high with­in W1 sup­ply after com­ing from W1 QLo rejec­tion. W1 Sup­ply still intact.
  • D1 sup­ply tak­en out and price trad­ing with­in D1 QHi there might be a reac­tion but there is not rever­sal pat­tern (yet)

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • D1-C‑S 1826.648
  • MN-C‑S 1813.621
  • W1-C‑S 1807.771

ZOIs for Pos­si­ble Long

  • W1-C‑D 1794.045 BASE
  • W1-C‑D 1764.198
  • MN-C‑D 1739.073

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 20 trades by the end of the month, prefer­ably 2 a day (not in the same prod­uct at the same time) 
  • Week­ly Goal
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • No ear­ly exits, either hit SL or 2R tar­get, lat­est cut-off 1:30 Lon­don time
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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