Gold 2022 Week 25 Trading Plan - Bear Market Trader
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Gold 2022 Week 25 Trading Plan

Gold 2022 Week 25 Trading Plan

#fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

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. 

Month­ly — Bearish

  • MN Bear Engulf giv­ing MN-C‑S 1905.787 reject­ing MN QHi
  • Price con­tin­ued to close down but react­ed off MN demand leav­ing a longer buy­ing wick clos­ing above MN demand
  • Con­jec­ture: Even though MN closed down reject­ing MN QHi, the longer buy­ing wick not clos­ing with­in demand (and above VWAP) indi­cates buy­ers could still be around and some retrace­ment high­er is pos­si­ble. Price is trad­ing with­in body. 

Week­ly — Bearish

  • W1 Bear Engulf giv­ing W1-C‑S 1852.151 Low in Dis­tr. Curve although leav­ing a longer buy­ing wick react­ing off W1-C‑D 1807.673 and clos­ing above W1 QLo
  • Con­jec­ture: Even though a W1 Bear Engulf was formed it was low in dist curve. Due to price fail­ing to close with­in W1 QLo and leav­ing a buy­ing wick indi­cates buy­ers are still around. 

Dai­ly — Neutral

  • Pos­si­ble D1 Phase 1 / 3
  • Big D1 Bear Engulf after near-touch of D1 QHi fol­lowed by a D1 Bull Engulf reject­ing D1 QLo with con­tin­u­a­tion higher
  • Price closed with­in D1 Sup­ply but below W1 Sup­ply and formed a D1 Bear­ish Inside Bar
  • Con­jec­ture: Even though D1 QLo is reject­ed, price is still trad­ing with­in over­all range. Even though a Bear­ish Inside Bar is formed, price could fol­low-through high­er. If sup­ply gets tak­en out it would change the sen­ti­ment. Oppo­site could be true in case of D1 Three Inside Down. 

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

  • Black­swan event

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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