Gold 2022 Week 50 Trading Plan - Bear Market Trader
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Gold 2022 Week 50 Trading Plan

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow #Trad­ing­Plan

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. 

Month­ly — Bullish

  • MN Bull Engulf at MN 50MA in UT giv­ing MN-C‑D 1664.995 just above MN QLo (no touch)
  • Price cur­rent­ly trad­ing above body, out­side range, test­ing MN VWAP
  • Con­jec­ture: After a for­ma­tion of a Bull Engulf there might be a retrace­ment to new­ly formed MN demand (2nd Chance entry move)
  • MN VWAP could turn into a CAR as price did ini­tial­ly close below pre­vi­ous range low and failed to test MN QLo
  • Price closed back with­in over­all range and could see the over­all range stay intact for now

Week­ly — Bullish

  • W1 Sup­ply got tak­en out as price made a HH clos­ing as a Inside Bar with Longer buy­ing wick / Hammer
  • Price trad­ing below W1 QHi, at W1 50MA
  • Con­jec­ture: Price closed as a pos­si­ble Base and could see a (pos­si­bly exhaus­tive) push high­er with­in Wide W1 QHi.
  • W1 QHi as well as W1 50MA could see sell­ers com­ing in

Dai­ly — Bullish

  • D1-C‑D 1770.923 Momen­tum held and closed high­er above D1 200MA test­ing Round No. 1800 although leav­ing a longer sell­ing wick fail­ing to close with­in D1-C‑S 1798.779
  • Con­jec­ture: Price closed high­er although failed to close with­in D1 Sup­ply leav­ing a sell­ing wick and could see sell­ers com­ing in. Same thing for trad­ing at D1 200MA although price returned to it as well as Round No. of 1800.
  • Clos­ing as a Ham­mer with wider body could see a con­tin­u­a­tion higher

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A. 

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling
    • 1st DTTZ Gold
    • 2nd DTTZ DAX


Day trader. Tech geek. Sim Racing Enthusiast.

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juan l.

Good Evening T3ch sir,

Thanks for your respons­es last week. Im so glad i can speak to a trad­er in real-time and see your thought process. I don’t intend to copy you but take from your thought process­es and Mar­ket Stalk­er method­ol­o­gy to form my own style. With that being said here are my questions/concerns.
1. what do you mean by “Price cur­rent­ly trad­ing above body, out­side range” on the Month­ly TF?
2. How sig­nif­i­cant is it the fact that the Month­ly Qlo was not touched ?
3. Does the Width of a High/Mid/Lo TF Q point indi­cate the prob­a­bil­i­ty of it being test­ed or accepted ?
4. On the Week­ly TF the sup­ply was tak­en out by a Bull­ish engulf­ing but it met resis­tance. is it safe to con­clude that the sup­ply being tak­en out with momen­tum gives the stronger prob­a­bil­i­ty of accep­tance into the Qhi ? Per­son­al­ly my bias right now is no bias. that bear­ish can­dle from last week makes me want to wait for this weeks can­dle to see if there is any addi­tion­al momen­tum left behind the move. Do you agree/disagree ?
5. what is the Dot­ted red line ?
6. On the Dai­ly. Price has test­ed and closed below a C‑D. Do you still want to see accep­tance of the W/D Qhi and a Rejec­tion can­dle pat­tern for your bias to flip Bearish ?

Broil my brain please

juan l.

Here’s an inter­est­ing point. Week­ly demand was NOT tak­en out on Gold futures. Will this affect your analy­sis ? or will you just stick with data from spot Gold ?

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