Gold 2022 Week 10 Trading Plan - Bear Market Trader
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Gold 2022 Week 10 Trading Plan

Gold 2022 Week 10 Trading Plan

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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, 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 — Neutral

  • MN closed as a RBR with some sell­ing wick react­ing off MN Sup­ply and clos­ing below MN QHi
  • Price trad­ing at MN-C‑S 1965.163

Week­ly — Neutral

  • Price fol­lowed through and closed high­er near its high although not mak­ing a HH
  • Price closed below W1 QHi (after already hav­ing test­ed it)
  • W1 Sup­ply right above QHi

Dai­ly — Bullish

  • D1 con­sol­i­da­tion and break high­er with­in D1 QHi (wide QHi)
  • Price closed near its high although still trad­ing with­in D1 Supply

Sen­ti­ment sum­ma­ry — Neutral

  • MN Fol­low-through although no HH made and trad­ing into MN QHi as wella s sup­ply could see sell­ers com­ing in. No rever­sal (yet).
  • W1 retraced the sell­ing wick almost com­plete­ly back to W1 QHi. Price Closed near its high although trad­ing into QHi and sup­ply could see sell­ers com­ing in. No rever­sal (yet).
  • D1 Price con­sol­i­da­tion and break high­er, although price trad­ing high­er into QHi no rever­sal pat­tern (yet). Pos­si­bil­i­ty for con­tin­u­a­tion high­er but with larg­er time­frame sup­plies in the way the sell­ing pres­sure can build up. I’ll let the pro­file guide my decisions. 

Addi­tion­al notes

  • Due to the con­flict in Rus­sia there might be more buy­ing pres­sure com­ing in

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • No ear­ly exits, either hit SL or target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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