Gold 2022 Week 15 Trading Plan - Bear Market Trader
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Gold 2022 Week 15 Trading Plan

Gold 2022 Week 15 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. 

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Month­ly — Bullish

  • Price made a HH and closed with­in MN QHi as an Invert­ed Ham­mer leav­ing a long sell­ing wick react­ing off and clos­ing below MN-C‑S 1965.163
  • Price is trad­ing above last month’s body, but still with­in range

Week­ly — Neutral

  • W1 QHi reject­ed but with no imme­di­ate follow-through
  • Instead some consolidation

Dai­ly — Bullish

  • D1 QHi reject­ed with price trad­ing mid swing
  • Pos­si­ble D1 Phase 1, price clos­ing high­er cur­rent­ly run­ning into D1-C‑S 1957.358

Sen­ti­ment sum­ma­ry — Bullish

  • MN has formed an Invert­ed Ham­mer and price is trad­ing above last month’s body. There could pos­si­bly be a con­tin­u­a­tion higher.
  • W1 is con­sol­i­dat­ing but no break from range (yet). Last week did close as a Bull­ish Inside Bar (being the 4th can­dle with­in for­ma­tion, cur­rent­ly devel­op­ing the 5th)
  • D1 con­sol­i­da­tion and break high­er although still D1 sup­ply in the way to clear­ly indi­cate direction.

Addi­tion­al notes

  • Black­swan event
  • April 14th, met­als and indices mar­ket closed

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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