Gold 2022 Week 13 Trading Plan - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife, weekly trading plan,

Gold 2022 Week 13 Trading Plan

Gold 2022 Week 13 Trading Plan

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

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. 

Click to Enlarge

Month­ly — Neutral

  • MN closed as a RBR with some sell­ing wick react­ing off MN Sup­ply and clos­ing below MN QHi
  • Price trad­ing below MN-C‑S 1965.163 but still with­in MN QHi
  • Price trad­ing with­in last month’s range after hav­ing extend­ed and made a HH

Week­ly — Neutral

  • W1 Evening Star reject­ing W1 QHi and W1 C‑Sup
  • Last week closed as a Bull­ish Inside Bar (no com­plete retrace­ment to new­ly formed supply)

Dai­ly — Bullish

  • D1 Con­sol­i­da­tion and break high 
  • D1 Base with longer buy­ing wick formed below MN C‑Sup
  • D1 QHi rejection

Sen­ti­ment sum­ma­ry — Neutral

  • MN start­ed react­ing off MN QHi and MN Sup­ply after hav­ing made a HH
  • W1 formed a Bull­ish Inside Bar after hav­ing reject­ed W1 QHi. If price sees a fol­low-through test­ing new­ly formed W1 C‑Sup it could pos­si­bly see a continuation.
  • Even though D1 QHi got reject­ed, the price has shown strength mid swing. Price retraced to MN sup­ply and formed a base. More infor­ma­tion is need­ed if the move is sus­tained higher. 

Addi­tion­al notes

  • Black­swan event
  • Apr 01, 20:30, USD, Non Farm Pay­rolls (Mar)

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.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
WP Twitter Auto Publish Powered By :
Would love your thoughts, please comment.x