Latest Posts
Bear Market Trader | Trade Plan for Gold (XAU USD)
Trade plan, trading plan, Gold, XAU USD, day trade, day trading,

Trading Plan Gold (XAU USD) 04172020

Trading Plan Gold (XAU USD) 04172020

These are my hypo­thet­i­cals for today’s Gold ses­sion. Basi­cal­ly the lev­els that I will be look­ing at where it has a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Then I come up with ways I think the mar­ket will react around those lev­els. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my hypoth­e­sis. I hope that makes sense. If not, please get in touch with me. I am not sell­ing you any­thing. I just love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Obser­va­tions of the market

  • M: Price with­in Quar­ter­ly and month­ly QHi and Sup­ply ZOI
  • W: In process of poten­tial­ly rejec­tion Sup­ply ZOI
  • D: Doji Can­dle with­in new­ly formed Sup­ply ZOI just below pre­vi­ous Sup­ply ZOI (7)
  • H4: Retest of H4 Sup­ply ZOI with an Evening star
  • M30: Con­tin­u­ing mak­ing low­er highs and lows, Line In Sand: 1713


Hypo: Pull­back to 1713 area, price action con­firm­ing bear­ish sentiment

Entry around 1710, tar­gets 1695, 1685, Extend­ed tar­get 16.70


Day trader. Tech geek. Sim racer/Pilot.

No Comments

Post A Comment